5 Cheap New Stocks To Buy

3. Velo3D, Inc. (NYSE:VLD)

Price: $2.11

Price Decline Over the Past Six Months: 16%

Number of Hedge Fund Holders: 11

Velo3D, Inc. (NYSE:VLD) is operating in the futuristic metal 3D printing industry. But it’s not an ordinary 3D printing company. It makes high-end parts for spaceships and rocket engines. Major space companies, including SpaceX, use Velo3D, Inc. (NYSE:VLD) products in their spaceships. Velo3D, Inc. (NYSE:VLD)’s is operating in a niche market where it’s difficult for its competitors to beat it. For example, Velo3D, Inc. (NYSE:VLD) can make complex parts using its PBF technology, which its competitors don’t have.

As of the end of the third quarter, 11 hedge funds tracked by Insider Monkey reported having stakes in Velo3D, Inc. (NYSE:VLD), compared to 18 funds in the previous quarter.