Velo3D Shares Are Up Thursday — What’s Going On?

by | Feb 26, 2026 | General

Velo3D Inc. (NASDAQ:VELO) shares were up on Thursday, continuing a rally rooted in defense sector momentum.

Short interest in Velo3D stock edged up from 2.51 million to 2.55 million shares in the latest reporting period, representing 20.8% of the public float. With average daily volume of 2.20 million shares, it would take about 1.16 days for short sellers to cover their positions.

• Velo3D shares are climbing with conviction. What’s behind VELO gains?

Defense Contract Drives Revenue Visibility

Velo3D last week announced an $11.5 million multi-year full-rate production contract with a major U.S. defense contractor. The deal leverages the company’s Rapid Production Solution and industrial-scale laser powder bed fusion printers to deliver high-performance components faster and at lower cost than traditional manufacturing methods.

Insider Buying Signals Leadership Conviction

Director Jason Michael Lloyd disclosed open-market purchases of 7,000 VELO shares at an average price near $3.91, raising his beneficial ownership to 13,376 shares.

Army Qualification Adds Strategic Weight

Velo3D was recently named the first qualified 3D-printing vendor by the U.S. Army Ground Vehicle Systems Center, positioning the company to produce critical aluminum and Inconel 718 components for ground combat vehicles.

Technical Analysis

VELO is trading 12.2% below its 20-day SMA, but 7.1% above its 100-day SMA, a setup that suggests short-term pressure while the intermediate trend is still trying to hold together.

Shares are up 152.39% over the past 12 months, and the stock is positioned closer to its 52-week high than low despite the drop from the $23.84 peak.

  • Key Resistance: $12
  • Key Support: $10.50

Earnings & Analyst Outlook

The countdown is on: Velo3D, Inc. Common stock is set to report earnings on March 10, 2026.

  • EPS Estimate: Loss of 56 cents
  • Revenue Estimate: $8.68 million

Analyst Consensus

The stock carries a Buy Rating with an average price target of $18.

VELO Price Action: Velo3D shares were up 3.07% at $10.06 at the time of publication on Thursday, according to Benzinga Pro data.

Photo by Michael Vi via Shutterstock