Velo3D (NYSE:VLD) Issues Quarterly Earnings Results

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

Velo3D Trading Up 11.9 %

NYSE:VLD opened at $0.44 on Friday. The stock has a 50-day moving average price of $0.32 and a 200 day moving average price of $0.79. Velo3D has a 12-month low of $0.19 and a 12-month high of $2.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. purchased a new position in Velo3D during the first quarter valued at $120,000. Bank of New York Mellon Corp bought a new position in Velo3D during the first quarter valued at approximately $252,000. Citigroup Inc. purchased a new position in Velo3D during the 1st quarter valued at approximately $53,000. Vanguard Group Inc. boosted its position in shares of Velo3D by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,485,691 shares of the company’s stock valued at $32,452,000 after acquiring an additional 86,867 shares during the last quarter. Finally, Ergoteles LLC purchased a new position in shares of Velo3D in the first quarter valued at $438,000. 87.50% of the stock is currently owned by institutional investors.

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.