The decline in Velodyne Lidar Inc. (VLDR) stock price is a huge buying opportunity

Velodyne Lidar Inc. (NASDAQ: VLDR) is 1.93% higher on its value in year-to-date trading and has touched a low of $9.87 and a high of $32.50 in the current 52-week trading range. The VLDR stock was last observed hovering at around $23.26 in the last trading session, with the day’s loss setting it -0.31% off its average median price target of $29.00 for the next 12 months. It is also 25.97% off the consensus price target high of $31.00 offered by 6 analysts, but current levels are -9.29% lower than the price target low of $21.00 for the same period.

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Currently trading at $22.95, the stock is -0.07% and 24.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -1.33% at the moment leaves the stock 43.06% off its SMA200. VLDR registered 129.31% gain for a year compared to 6-month gain of 31.78%. The firm has a 50-day simple moving average (SMA 50) of $20.63 and a 200-day simple moving average (SMA200) of $17.64.

The stock witnessed a 15.43% loss in the last 1 month and extending the period to 3 months gives it a 30.45%, and is 2.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.08% over the week and 10.92% over the month.

Profit margin for the company is -52.90%. Distance from 52-week low is 132.52% and -29.38% from its 52-week high.

Velodyne Lidar Inc. (VLDR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Velodyne Lidar Inc. (VLDR) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Velodyne Lidar Inc. quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $21.45M over the same period.The EPS is expected to shrink by -439.60% this year.

Velodyne Lidar Inc. (VLDR) Top Institutional Holders

56 institutions hold shares in Velodyne Lidar Inc. (VLDR), with 113.49M shares held by insiders accounting for 67.27% while institutional investors hold 25.78% of the company’s shares. The shares outstanding are 140.49M, and float is at 55.22M with Short Float at 13.58%. Institutions hold 8.44% of the Float.

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