{
  "id": 19808105,
  "title": "Why Is Velo3D Stock Surging on Friday?",
  "url": "https://urgent.news/2026/11/13/why-is-velo3d-stock-surging-on-friday",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T12:58:07.000Z",
  "source": {
    "name": "Benzinga",
    "slug": "benzinga",
    "url": "https://www.benzinga.com/trading-ideas/movers/26/11/63234833/why-is-velo3d-stock-surging-on-friday"
  },
  "original_language": "en",
  "account": "Velo3D Inc.'s (NASDAQ:VELO) stock is experiencing a surge in premarket trading on Friday, as investors search for more affordable entry points following a series of declines. The company announced no fresh updates on Friday morning, while broader market indices, including Nasdaq futures and S&P 500 futures, are also showing an upward trend, with gains of 0.28% and 0.34%, respectively. On Tuesday, Velo3D released its Q3 financial results, which revealed mixed performance. The company reported revenue of $20.45 million, exceeding analyst estimates of $19.34 million. However, the company reported an adjusted loss of 34 cents per share, which was below the consensus estimate of 26 cents. CEO Arun Jeldi attributed these results to continued customer demand for Velo3D's metal additive manufacturing technology and progress in executing the company's growth strategy. Regarding future expectations, Velo3D maintained its full-year 2026 revenue forecast of $65 million to $75 million, which is slightly below the consensus estimate of $72.50 million. Analysts have also adjusted their outlooks on Velo3D stock. Needham analyst Austin Bohlig retained a Buy rating but lowered the price target from $33 to $12, while Cantor Fitzgerald's Troy Jensen maintained an Overweight rating, indicating potential outperformance of Velo3D's sector and lowered the price forecast from $17 to $12. From a technical standpoint, the stock remains in a bearish trend, trading 26% below its 20-day simple moving average ($6.17) and 64.6% below its 200-day SMA ($12.91). The 20-day SMA being below the 50-day SMA, coupled with the death cross observed in August (50-day SMA falling below the 200-day SMA), suggests that the longer-term bias continues to be downward unless the price can reclaim crucial moving averages. The Relative Strength Index (RSI) currently stands at 29.98, indicating oversold conditions, which could lead to a bounce or at least a pause in the stock's decline. The key resistance level is currently at $6.17, the 20-day SMA, which often serves as the first test during oversold rebounds. Conversely, the 52-week low of $4.02, reached in November 2025, serves as the primary support level if the bounce fails to materialize. As of premarket trading on Friday, Velo3D shares were up 3.63%, trading at $4.57, and are trading near their 52-week low of $4.01, based on data from Benzinga Pro.",
  "summary": "Velo3D, Inc. (NASDAQ:VELO) stock is rising in Friday premarket trading as buyers look for lower-priced entries following a multi-day decline. The company released no new announcements on Friday morning. Broader market indexes are also moving higher, with Nasdaq futures up 0.28% and S&P 500 futures gaining 0.34%. Q3 Financial Results The recent stock movement follows Velo3D reporting mixed…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}