Velo3D Stock Rises Amid Positive Market Sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Benzinga
- Defense Contract Secured: Velo3D recently announced a $32.6 million Department of War contract, indicating a strengthening market position in defense, which is expected to support future revenue growth.
- Cooperative R&D Agreement: The company entered a Cooperative Research and Development Agreement with the U.S. Army’s DEVCOM Ground Vehicle Systems Center, further solidifying its technological advantage in military applications and potentially accelerating commercialization of related projects.
- Strong Stock Performance: Velo3D's stock has surged 316.67% over the past year, currently trading at $14.55, demonstrating robust long-term growth momentum despite potential short-term volatility.
- Optimistic Analyst Ratings: Analysts have given Velo3D a consensus “Buy” rating with an average price target of $18, reflecting confidence in the company's future performance, especially ahead of the upcoming earnings report.
Analyst Views on MNTS
About MNTS
Momentus Inc. is a commercial space company. The Company offers satellites, satellite buses, and other satellite components, transportation and infrastructure services, including hosted payloads and other in-orbit services to help enable the commercialization of space. The Company offers satellites and satellite buses, and technology designed to meet the specific needs of government and commercial customers. It is focused on providing services including last-mile satellite transportation, payload-hosting, on-orbit satellite refueling, on-orbit inspection, on-orbit satellite maintenance, de-orbiting, debris removal, and other satellite-to-satellite service offerings. Its transportation service offering focuses on delivering its customers’ satellites to precision orbits. Its orbital service vehicles (OSVs) provide in-space services to its customers, including space transportation, payload hosting, and in-orbit servicing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
