Wall Street is positive on Velo3D Inc (VLD). On average, analysts give the stock a Buy rating. The average price target is $4, which means analysts expect the stock to rise by 26.58% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 22, which is better than 22% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating VLD a Buy today. Find out what this means to you and get the rest of the rankings on VLD!
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Velo3D Inc Stock Today?
Velo3D Inc (VLD) stock is trading at $3.16 as of 3:34 PM on Monday, Aug 1, a decline of -$0.05, or -1.56% from the previous closing price of $3.21. The stock has traded between $2.91 and $3.22 so far today. Volume today is 2,523,700 compared to average volume of 2,571,865.
Click Here to get the full Stock Report for Velo3D Inc stock.