True Velocity, Inc./DE (NASDAQ:YDES) Stock Price Down 5.5% – What’s Next?

True Velocity, Inc./DE (NASDAQ:YDES) shares traded down 5.5% during trading on Tuesday . The stock traded as low as $11.79 and last traded at $11.98. 118,159 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 54,413 shares. The stock had previously closed at $12.68.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of True Velocity, Inc./DE in a research report on Monday, December 29th. Wall Street Zen raised shares of True Velocity, Inc./DE to a “sell” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

True Velocity, Inc./DE Price Performance

About True Velocity, Inc./DE

True Velocity, Inc is a U.S.-based company that develops and manufactures advanced ammunition and cartridge technologies for defense, law enforcement and related markets. The company focuses on lightweight, high-performance cartridge designs and the manufacturing systems required to produce them at scale. True Velocity’s solutions are intended to improve logistics and operational effectiveness by reducing ammunition weight and enabling higher-performance ballistics compared with traditional metallic-cased rounds.

Its product and technology offerings center on polymer-cased and hybrid-case cartridges, along with the engineering, testing and production capabilities needed to support large-volume military and government programs.