With 0.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.42 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $4.54 whereas the lowest price it dropped to was $3.97. The 52-week range on VELO shows that it touched its highest point at $29.25 and its lowest point at $1.42 during that stretch. It currently has a 1-year price target of $1102.50. Beta for the stock currently stands at 2.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VELO was up-trending over the past week, with a rise of 10.80%, but this was down by -34.77% over a month. Three-month performance dropped to -41.96% while six-month performance rose 30.93%. The stock lost -57.43% in the past year, while it has lost -76.45% so far this year.
Float and Shares Shorts:
At present, 14.07 million VELO shares are outstanding with a float of 2.19 million shares on hand for trading. On 2024-08-30, short shares totaled 35260.0, which was 613.00002 higher than short shares on 1722384000. In addition to Mr. Arun Jeldi as the firm’s Chairman & CEO, Mr. Hull Xu serves as its CFO & Principal Financial Officer.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2025-06-30, VELO reported revenue of $13572000.0 and operating income of -$12089000.0. The EBITDA in the recently reported quarter was -$11312000.0 and diluted EPS was -$14.7.
