Streetbeat News

VLD

Velo3D, Inc.

https://www.velo3d.com

Industry

Computer Hardware

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. It offers Flow, a proprietary software platform, which scans part designs for geometrical features; Sapphire and Sapphire XC printers; Assure, a quality control system software platform that includes process metrologies; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data from approximately 950 sensors, and the advanced printing technology for precision control of the entire print. The company also provides support services. Its customers range from small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, energy, and industrial markets. The company was founded in 2014 and is headquartered in Campbell, California.

Open

1.33

Mkt cap

11M

Volume

134K

High

1.36

P/E Ratio

-0.08

52-wk high

58.10

Low

1.24

Div yield

N/A

52-wk low

0.30

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

In Tuesday's intraday session, notable movements were observed in the industrials sector. BioNexus Gene Lab (BGLC) saw a significant increase of 411.4%, while WESCO Intl (WCC) experienced a notable decrease of 24.2%. Other companies like JanOne (JAN), Ault Alliance (AULT), and JetBlue Airways (JBLU) also saw considerable movements. Earnings reports influenced some of these movements, particularly for Espey Mfg & Electronics (ESP), WESCO Intl (WCC), and Avis Budget Group (CAR).

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:31 pm

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Roma Green Finance, Vast Renewables, and Matrix Service were among the top gainers, with shares rising due to various factors including Matrix Service's Q2 earnings report. Conversely, Insperity, REV Group, and KULR Tech Group were among the top losers, with Insperity's drop attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:31 pm

In Friday's intraday session, several industrial stocks experienced significant movements. Velo3D (VLD) saw an 18.4% increase, while Booz Allen Hamilton (BAH) rose by 12.32% following their Q3 earnings release. Captivision (CAPT) and American Superconductor (AMSC) also gained, with AMSC's Q3 earnings released two days prior. Conversely, Richtech Robotics (RR) plummeted by 69.7%, Nuvve Holding (NVVE) dropped 30.73%, Graphex Group (GRFX), Professional Diversity (IPDN), American Rebel Holdings (AREB), and Spirit Airlines (SAVE) all saw declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:31 pm

Velo3D, identified by its ticker symbol VLD, has announced strategic priorities aimed at growth in 2024. The company has secured $12 million in new order bookings since mid-December of fiscal year 2023. VLD is also on track to reduce its operational expenses by 40% by the end of the first quarter of 2024 and is committed to becoming cash flow positive in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:32 am

In Wednesday's pre-market session, several industrial stocks showed significant movement. KULR Tech Gr, AERWINS Technologies, Eos Energy Enterprises, Ideanomics, Velo3D, and Ocean Power Techs were gainers, with increases ranging from 5.48% to 10.1%. Conversely, TuSimple Hldgs, Spirit Airlines, Gol Linhas Aereas, Nauticus Robotics, Bitcoin Depot, and Nuvve Holding were losers, with declines ranging from 6.68% to 29.2%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 1:05 pm

Kratos Defense & Security Solutions, Inc. (KTOS) has purchased a Velo3D Sapphire printer to enhance its technology development and supply chain efficiency. The printer will be used by Kratos SRE, a subsidiary of KTOS, to produce metal parts rapidly and cost-effectively, supporting the defense industry's evolving needs. Kratos SRE has previously used Velo3D's solutions through its Contract Manufacturer Network. Velo3D, Inc. (VLD) is recognized for its metal additive manufacturing technology, which is now STIG compliant, allowing connection to the DoD's SIPRNet. Both companies will attend the Military Additive Manufacturing Summit in Tampa, where Velo3D will present.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:11 pm

Velo3D, Inc. (VLD) has received a notice from the NYSE for not meeting the minimum average closing price requirement over a 30-day period. VLD has a six-month period to regain compliance, which can be achieved if its stock closes at $1.00 or more on the last trading day of any month during this period and maintains that average for the 30-day period. VLD is considering options, including a reverse stock split, to meet the NYSE's standards and intends to remain listed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:13 pm

In Wednesday's pre-market session, several industrial stocks showed significant movement. TDCX, GWAV, VLD, DM, AREB, and AULT were gainers, with TDCX leading at a 30.4% increase. Conversely, BTM, ATXG, UP, SOS, ELWS, and ESGL were losers, with BTM experiencing the largest decline at 14.8%. Market capitalizations were also noted, indicating the size of each company.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:05 pm

U.S. stocks closed higher with the Dow Jones gaining over 100 points. Utilities shares led gains, while energy shares lagged. Microbot Medical, Cingulate, and DouYu International saw significant share price movements after company-specific news. Conversely, Cytosorbents, Bluejay Diagnostics, and Velo3D experienced sharp declines. Crude oil inventories dropped significantly, exceeding market expectations. Economic data showed a rise in jobless claims and a widening trade deficit in goods, while wholesale inventories and pending home sales remained relatively stable.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 7:32 pm

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