See our dashboard analysis on Velodyne Lidar Chance Of Rise for more details. ![]() So is Velodyne Lidar stock likely to decline further in the coming weeks or is a rally looking more likely? According to the Trefis Machine Learning engine, which analyzes Velodyne’s historical stock price data, the stock has a roughly equal chance of a rise or a decline over the next month. The stock has also been impacted by the company’s weaker than expected Q2 2021 results and also by the broader sell-off in futuristic stocks following the Covid-19 reopening. The stock has also lost a whopping 70% of its value year-to-date, as the company faced governance-related issues amid a tussle between its founder, who was ousted earlier this year, and the SPAC that acquired the company. Velodyne Lidar (NASDAQ: VLDR), a company that produces lidar sensors used in autonomous vehicles, has seen its stock decline by about 6% over the last week (five trading days), underperforming the S&P 500 which has remained roughly flat over the same period. What’s Happening With Velodyne Lidar Stock? Investing in Electric Vehicle Component Supplier Stocks can be a good alternative to play the growth in the EV market. A change of 28% or more over twenty-one trading days has an 9% event probability, which has occurred 59 times out of 685 in the last three years.Įlectric vehicles are the future of transportation, but picking the right EV stocks can be tricky.Velodyne stock rose 28% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which rose by 7.1%.This positive news has helped self-driving technology players, which are seen as going hand in hand with electric vehicles. For instance, EV players have been posting strong delivery numbers despite the ongoing chip shortage and the stock price of EV bellwether Tesla has also seen a 45% rally over the last month. ![]() Although Velodyne posted weaker than expected Q3 2021 results last week and remains tied up in a battle with its founder and former chairman, the broader positive sentiment in the electric vehicle space appears to be helping the stock. Velodyne Lidar (NASDAQ: VLDR), a company that produces lidar sensors used in self-driving vehicles, has seen its stock rally by about 28% over the last month (twenty-one trading days), outperforming the S&P 500 which rose about 7% over the same period. (Photo by Michael Macor/San Francisco Chronicle via Getty Images) Hearst Newspapers via Getty Images Palo Alto, Ca., on Tuesday July 11, 2017. The Velodyne LiDAR sensor mounted on a test vehicle at the Ford Research and Innovation Center in.
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