Valens Semiconductor Ltd (NYSE:VLN) does about 385.35K shares in volume on a normal day but saw 184305 shares change hands in the recent trading day. The company now has a market cap of 225.88M USD. Its current market price is $2.02, marking an increase of 5.21% compared to the previous close of $1.92. The 52 week high reached by this stock is $3.39 whilst the lowest price level in 52 weeks is $1.67.
Valens Semiconductor Ltd (VLN) has a 20-day trading average at $2.0300 and the current price is -40.41% off the 52-week high compared with 20.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.9500 and its 200-day simple moving average is $2.3200. If we look at the stock’s price movements over the week, volatility stands at 7.56%, which increases to 8.37% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.32 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 49.5% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 11, 2023 when Chardan Capital Markets reiterated the stock to “Buy” and issued a price target of between $13 and $12. BofA Securities initiated its price target at $12.
The current price level is -0.44%, 3.57%, and -13.11% away from its SMA20, SMA50, and SMA200 respectively, with the VLN price moving below the 50-day SMA on current market day. Valens Semiconductor Ltd (VLN) stock is down -2.44% over the week and 2.04% over the past month. Its price is -18.37% year-to-date and -17.36% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.04 and -0.17 for whole year. Expected sales for next quarter are $16M, which analysts say will come at $57.33M for the current fiscal year and next year at $73.5M. In addition, estimates put the company’s current quarterly revenue at an average of $16.2M.
To reach the target analysts have set, the stock logically needs to grow 49.5 percent from here.
Outstanding shares total 106.29M with insiders holding 10.03% of the shares and institutional holders owning 36.89% of the company’s common stock. The company has a return on investment of -17.58% and return on equity of -17.37%. The beta has a value of 0.45. Price to book ratio is 1.46 and price to sales ratio is 3.58.
