On Thursday, Velodyne Lidar Inc. [NASDAQ:VLDR] has a current price of $17.14, coming out to a daily percentage change of 2.63% with a 52-week range of $9.87 – $32.50.
Other data for the company is as follows:
- Stochastic %K of 14.42
- Weighted Alpha of 29.7
Analysts have the price target for Velodyne Lidar Inc. [VLDR] at 28.00. Daily swings are between $16.60 and $17.3727.
Wait and see
Holding a Market Cap of $287.74 million, Velodyne Lidar Inc. has seen a trading range over the last year of $9.87-$32.50.
For the last five days, VLDR is down from its last closing price. The average shares trading hands each day is 1.42M, with average 10-day volume coming in at 4.04 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for VLDR. When we apply the Elder Force Index to Velodyne Lidar Inc., we are seeing an Elder Force Indicator number of 315147.36.
In the last quarter, VLDR made a profit of 73000.0. In addition, the company has operating cash flow of -$93.54 million.
Looking at popular technical indicators, the company’s 5-day moving average is 16.84 compared to the 50-day moving average of 17.11. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. VLDR currently holds a 9-day RSI of 37.50%, while 100-day RSI stands at 51.31%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. VLDR’s 9-day MACD is -1.09 and the company’s 100-day MACD stands at -0.22.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
Overall, the recommended rating for VLDR is Strong Buy. Currently, the company has 1 analysts watching the stock, and the average quarterly earnings estimate is -0.3. Quarterly revenue estimates are averaging 29.46M with the high estimate reaching 29.46M and the low at 29.46M.
To review, the current 1-year target estimate is sitting at 28.00, while the current price 17.14. Based on this, we expect the stock to rise considering the aforementioned fundamentals.