Velo3D (NYSE:VLD) Announces Earnings Results

Velo3D (NYSE:VLD) posted its quarterly earnings data on Tuesday. The company reported ($0.32) EPS for the quarter, Zacks reports. Velo3D had a negative net margin of 173.20% and a negative return on equity of 115.65%. The business had revenue of $1.81 million during the quarter. Velo3D updated its FY 2024 guidance to EPS.

Velo3D Trading Down 32.0 %

Shares of Velo3D stock opened at $0.39 on Thursday. Velo3D has a 52-week low of $0.19 and a 52-week high of $2.50. The company’s 50-day simple moving average is $0.32 and its 200-day simple moving average is $0.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in Velo3D during the first quarter worth about $53,000. Price T Rowe Associates Inc. MD purchased a new stake in Velo3D during the first quarter worth about $26,000. ProShare Advisors LLC purchased a new stake in Velo3D during the second quarter worth about $25,000. State of Wyoming purchased a new stake in Velo3D during the second quarter worth about $27,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Velo3D during the first quarter worth about $120,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Velo3D Company Profile

Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.