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Velan Inc. SV ( (TSE:VLN) ) has provided an announcement.
Velan Inc. reported its financial results for the second quarter of fiscal 2026, showing a decrease in sales to $67.6 million due to rescheduled orders and global tariff changes. Despite a net loss of $1.7 million, the company achieved a positive operating income and maintains a strong financial position with $29.5 million in net cash and a solid backlog of $285.8 million. The company is actively exploring capital structure options to support its growth ambitions and maximize shareholder value, following the resolution of asbestos-related liabilities and the sale of its French assets.
The most recent analyst rating on (TSE:VLN) stock is a Hold with a C$14.50 price target. To see the full list of analyst forecasts on Velan Inc. SV stock, see the TSE:VLN Stock Forecast page.
Spark’s Take on TSE:VLN Stock
According to Spark, TipRanks’ AI Analyst, TSE:VLN is a Neutral.
The overall stock score is primarily influenced by financial performance challenges, including declining revenues and profitability issues. Technical analysis indicates bearish momentum, while valuation concerns arise from a negative P/E ratio. Despite positive corporate events, these factors weigh heavily on the stock’s overall score.
To see Spark’s full report on TSE:VLN stock, click here.
More about Velan Inc. SV
Velan Inc. is a world-leading manufacturer of industrial valves, primarily serving the oilfield and nuclear power markets. The company focuses on delivering high-quality valve solutions and has a significant presence in the Middle East market, particularly in Saudi Arabia.
Average Trading Volume: 8,096
Technical Sentiment Signal: Buy
Current Market Cap: C$341.3M
Learn more about VLN stock on TipRanks’ Stock Analysis page.