3D Systems Corp. (NYSE:DDD) price on Wednesday, October 23, remained unchanged to $2.91.
A look at the stock’s price movement, the close in the last trading session was $2.91, moving within a range at $2.81 and $2.9299. The beta value (5-Year monthly) was 1.669. Turning to its 52-week performance, $6.85 and $1.72 were the 52-week high and 52-week low respectively. Overall, DDD moved 18.29% over the past month.
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3D Systems Corp.’s market cap currently stands at around $388.69 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 115.73M for the company’s revenue for the quarter, with a low and high estimate of 114.4M and 116.82M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 452.8M, representing a -7.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DDD is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend DDD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DDD’s current price about -0.55% and 12.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.05, while 7-day volatility ratio is 4.74% and 6.36% in the 30-day chart. Further, 3D Systems Corp. (DDD) has a beta value of 1.66, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $3.75 and high of $14. Looking at the price targets, the low is -28.87% off current price level while to achieve the yearly target high, price needs to move -381.1%. Nonetheless, investors will most likely welcome a -37.46% jump to $4 which is the analysts’ median price.
If we refocus on 3D Systems Corp. (NYSE:DDD), historical trading data shows that trading volumes averaged 1.66 over the past 10 days and 3.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 133.62 million shares.
The 3.83% of 3D Systems Corp.’s shares are in the hands of company insiders while institutional holders own 62.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.6 million on 2024-09-30, giving us a short ratio of 1.98. The data shows that as of 2024-09-30 short interest in 3D Systems Corp. (DDD) stood at 1161.0 of shares outstanding, with shares short falling to 15.61 million registered in 2024-08-30. Current price change has pushed the stock -54.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DDD stock continues to rise going into the next quarter.
