Stratasys Ltd (NASDAQ:SSYS) shares, rose in value on Friday, November 22, with the stock price up by 0.53% to the previous day’s close as strong demand from buyers drove the stock to $9.44.
Actively observing the price movement in the last trading, the stock closed the session at $9.39, falling within a range of $9.29 and $9.54. The value of beta (5-year monthly) was 1.216. Referring to stock’s 52-week performance, its high was $14.93, and the low was $6.05. On the whole, SSYS has fluctuated by 34.09% over the past month.
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With the market capitalization of Stratasys Ltd currently standing at about $664.95 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 571.88M, with a low estimate of 146.07M and a high estimate of 153M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 149.88M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSYS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of SSYS currently trading nearly 12.51% and 19.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.15, while the 7-day volatility ratio is showing 4.47% which for the 30-day chart, stands at 5.90%. Furthermore, Stratasys Ltd (SSYS)’s beta value is 1.29, and its average true range (ATR) is 0.51.
A comparison of Stratasys Ltd (SSYS) with its peers suggests the former has fared considerably weaker in the market. SSYS showed an intraday change of 0.53% in last session, and over the past year, it shrunk by -14.18%%.
Data on historical trading for Stratasys Ltd (NASDAQ:SSYS) indicates that the trading volumes over the past 10 days have averaged 1.03 and over the past 3 months, they’ve averaged 623.14K. According to company’s latest data on outstanding shares, there are 69.66 million shares outstanding.
Nearly 19.05% of Stratasys Ltd’s shares belong to company insiders and institutional investors own 53.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.55 million shares as on 2024-10-31, resulting in a short ratio of 3.79. According to the data, the short interest in Stratasys Ltd (SSYS) stood at 556.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 1.88 million. The stock has fallen by -33.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSYS stock heading into the next quarter.
