The Velodyne Lidar Inc (NASDAQ: VLDR) stock may have experienced a considerable decline fairly recently but the stock has managed to recover recently and that might be a trigger for investors to perhaps start looking at it a bit more closely.
However, once you get to know about the problems that are bugging the company, it is easy to see why the stock fell. Velodyne went public last year and since then the company has been going through a leadership battle.
On the other hand, there have also been problems with regard to the company’s financial reporting standards. Recently, Velodyne misrepresented its revenues as well as the deferred revenues for the fourth quarter. Such problems can lead to considerable problems for a company and lead to declines in the stock price. However, it seems that the company is slowly making a recovery and that is reflected in the price action in its stock as well. Investors could consider keeping the stock in their watch lists at this point.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.