Timing, Fundamentals, and Diversification of Velodyne Lidar Inc. (VLDR)

The closing price of Velodyne Lidar Inc. (NASDAQ: VLDR) was $0.95 for the day, up 3.83% from the previous closing price of $0.91. In other words, the price has increased by $+0.0350 from its previous closing price. On the day, 1605899 shares were traded. VLDR stock price reached its highest trading level at $0.9500 during the session, while it also had its lowest trading level at $0.9140.

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Our analysis of VLDR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.30 and its Current Ratio is at 5.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on November 09, 2022, Upgraded its rating to Hold and sets its target price to $0.85 from $1 previously.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 29 when Rekow Mathew sold 625 shares for $0.75 per share. The transaction valued at 469 led to the insider holds 1,048,736 shares of the business.

Tarman Laura sold 729 shares of VLDR for $547 on Dec 29. The SVP of Worldwide Sales now owns 519,938 shares after completing the transaction at $0.75 per share. On Dec 29, another insider, McBeath Kathryn, who serves as the Chief People Officer of the company, sold 1,389 shares for $0.75 each. As a result, the insider received 1,042 and left with 564,262 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.85 while its Price-to-Book (P/B) ratio in mrq is 0.94.

Stock Price History:

Over the past 52 weeks, VLDR has reached a high of $4.87, while it has fallen to a 52-week low of $0.71. The 50-Day Moving Average of the stock is 0.9406, while the 200-Day Moving Average is calculated to be 1.2398.

Shares Statistics:

VLDR traded an average of 2.96M shares per day over the past three months and 1.93M shares per day over the past ten days. A total of 213.52M shares are outstanding, with a floating share count of 188.95M. Insiders hold about 3.70% of the company’s shares, while institutions hold 26.90% stake in the company. Shares short for VLDR as of Oct 13, 2022 were 9.4M with a Short Ratio of 6.25M, compared to 10.09M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.26% and a Short% of Float of 4.47%.

Earnings Estimates

The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.25, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.13 and low estimates of -$0.24.

Analysts are recommending an EPS of between -$0.68 and -$0.89 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is -$0.63, with 6 analysts recommending between -$0.45 and -$0.87.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $11M to a low estimate of $9.2M. As of the current estimate, Velodyne Lidar Inc.’s year-ago sales were $13.06M, an estimated decrease of -23.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $11.77M, a decrease of -32.90% less than the figure of -$23.90% in the same quarter last year. There is a high estimate of $14.8M for the next quarter, whereas the lowest estimate is $10M.

A total of 6 analysts have provided revenue estimates for VLDR’s current fiscal year. The highest revenue estimate was $42M, while the lowest revenue estimate was $37M, resulting in an average revenue estimate of $39.64M. In the same quarter a year ago, actual revenue was $61.92M, down -36.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $64.46M in the next fiscal year. The high estimate is $83.35M and the low estimate is $50M. The average revenue growth estimate for next year is up 62.60% from the average revenue estimate for this year.