True Velocity, Inc./DE (NASDAQ:YDES) Sees Strong Trading Volume – Still a Buy?

Shares of True Velocity, Inc./DE (NASDAQ:YDES) saw strong trading volume on Monday . 33,810 shares changed hands during trading, an increase of 49% from the previous session’s volume of 22,759 shares.The stock last traded at $12.20 and had previously closed at $12.00.

Analyst Upgrades and Downgrades

YDES has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of True Velocity, Inc./DE in a report on Monday, December 29th. Wall Street Zen upgraded True Velocity, Inc./DE to a “sell” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, True Velocity, Inc./DE 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.