3D Systems Corporation (NYSE:DDD) price closed lower on Monday, September 13, dropping -1.42% below its previous close.
A look at the daily price movement shows that the last close reads $30.91, with intraday deals fluctuated between $29.7501 and $31.23. The company’s 5Y monthly beta was ticking 1.15. Taking into account the 52-week price action we note that the stock hit a 52-week high of $56.50 and 52-week low of $4.60. The stock subtracted -8.42% on its value in the past month.
3D Systems Corporation, which has a market valuation of $3.96 billion, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Analysts tracking DDD have forecast the quarterly EPS to grow by 0.06 per share this quarter, while the same analysts predict the annual EPS to hit $0.4 for the year 2021 and up to $0.36 for 2022. In this case, analysts estimate an annual EPS growth of 463.60% for the year and -10.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $143.96 million, with the likely lows of $139.5 million and highs of $152 million. The average estimate suggests sales growth for the quarter will likely rise by 26.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $592.28 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 6.30% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DDD a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned DDD a recommendation rating as follows: 7 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the 3D Systems Corporation (DDD) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that DDD’s price is at present 1.38% off the SMA20 and 2.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.44, with weekly volatility standing at 6.02%. The indicator jumps to 6.15% when calculated based on the past 30 days. 3D Systems Corporation (NYSE:DDD)’s beta value is holding at 1.20, while the average true range (ATR) indicator is currently reading 2.09. Considering analysts have assigned the stock a price target range of $19.00-$37.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $28.33. Based on this estimate, we see that current price is roughly 37.64% off the estimated low and -21.43% off the forecast high. Investors will no doubt be excited to see the share price rise to $28.00, which is the median consensus price, and at that level DDD would be 8.11% from current price.
Turning out attention to how the 3D Systems Corporation stock has performed in comparison to its peers in the industry, here’s what we find: DDD’s stock is -1.42% on the day and 483.72% in the past 12 months, while HP Inc. (HPQ) traded 1.36% in the last session and was positioned 47.12% up on its price 12 months ago. Another comparison is with Mercury Systems Inc. (MRCY) whose stock price was up 0.38% in the last trading session, and has flourished -29.48% over the past year. Also, 3M Company (MMM) showed up trend of 0.37% while its price kept floating at 11.47% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the 3D Systems Corporation (NYSE:DDD) stock in terms of its daily trading volume indicates that the 3-month average is 4.82 million.
Current records show that the company has 122.15M in outstanding shares. The insiders’ percentage holdings are 1.50% of outstanding shares while the percentage share held by institutions stands at 68.60%. But the 190.74% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.