Velo3D Inc shares are trading higher Monday after the company was added to the Russell 3000 Index and the Russell Microcap Index, effective when the US market opened on June 29 as part of the 2026 Russell index reconstitution. The inclusion follows a ranking of the 4,000 largest US stocks by total market capitalization as of April 30, positioning the additive manufacturing company within a significant market benchmark. CEO Arun Jeldi described the index additions as a significant step for the company, highlighting progress in improving operations, advancing its metal additive manufacturing capabilities and increasing shareholder value.

Membership in the Russell 3000 Index ensures automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership primarily through objective, market-capitalization rankings and style attributes. Russell indexes serve as core tools for institutional investors and index fund managers, with roughly $12.2 trillion in assets benchmarked to the Russell U.S. index family as of the end of May 2026.

Index Inclusion Details

Market Performance and Analyst Ratings

Velo3D shares were up 9.13% at $18.17 at the time of publication on Monday. The stock carries a Buy rating with an average price target of $26.50. Recent analyst moves include Needham initiating with a Buy rating and a target of $33.00 on June 25, and Lake Street maintaining a Buy rating while raising its target to $20.00 on May 13.

Critical Levels To Watch

Velo3D’s broader trend remains constructive, with the stock holding 18% above its 100-day simple moving average at $15.16 and 50.5% above its 200-day simple moving average at $11.88. Short-term action is more uneven, as shares sit 17% under the 20-day simple moving average at $21.54 and 4.7% below the 50-day simple moving average at $18.76. The RSI is at 45.52, indicating neutral momentum. Key resistance is at $18.00, while key support is at $15.00.

Velo3D Inc shares rose 9.31% to $25.24 on Tuesday, reversing recent losses as CEO Arun Jeldi confirmed that the most recent SpaceX Raptor engine is a "pure Velo platform." The stock's advance follows a volatile period where traders cashed in gains after a 34% surge, driven by renewed excitement surrounding the Space Exploration Technologies Corp (SpaceX) IPO and aerospace partnerships. Despite the sharp pullback recorded in the prior session, the broader market backdrop remains supportive, with the Nasdaq and S&P 500 posting gains.

CEO Confirms SpaceX Raptor Engine Role

Arun Jeldi confirmed SpaceX as a customer during a presentation at RedChip’s Future Tech Investor Conference. He stated that there are "five major parts" in SpaceX Raptor engines specifically qualified for the Velo3D platform. Jeldi noted that Velo3D supplied the original machines used by SpaceX in 2018 and 2021 and confirmed that the recent Raptor engine is produced through Velo technology. Additionally, Velo3D is currently producing parts for the next-generation Raptor 4 engine. Discussions regarding potential expansion beyond the 25 Velo3D machines SpaceX currently operates are underway, with additional orders considered likely.

Technical Trend Remains Intact

Velo3D maintains a strong long-term uptrend, trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages. The 20-day average at $21.68 sits above the 50-day average at $16.78, reflecting a firm short-term trend. A golden cross that formed in January, when the 50-day moving average moved above the 200-day moving average, continues to support the bullish momentum. The stock is trading approximately 16% above its 20-day average and 127% above its 200-day average of $11.08.

Momentum indicators suggest the stock is not overbought. The Relative Strength Index (RSI) sits at 54.49, a neutral zone indicating a more balanced tape compared to extreme readings in May. The MACD remains above its signal line, suggesting the broader uptrend is intact. Traders will watch for the stock to hold support near the 20-day moving average, while resistance sits near $26.50.

Earnings And Analyst Outlook

The next major catalyst for Velo3D is its earnings report, scheduled for Aug. 26, 2026. Wall Street expects the company to report a loss of 35 cents per share on revenue of $12.56 million. In recent analyst action, Lake Street reiterated its Buy rating and raised its price forecast to $20 on May 13.