In the latest trading session, Velodyne Lidar, Inc. closed at $23.16, marking a -1.11% move from the previous day. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.25%. Prior to today's trading, shares of the company had gained 3.45% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 2.37% and the S&P 500's gain of 2.37% in that time. Investors will be hoping for strength from VLDR as it approaches its next earnings release, which is expected to be February 25, 2021. It is also important to note the recent changes to analyst estimates for VLDR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum.