3D Systems Corp (NYSE:DDD) price on Wednesday, January 15, rose 2.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.11.
A look at the stock’s price movement, the close in the last trading session was $3.03, moving within a range at $3.07 and $3.1955. The beta value (5-Year monthly) was 1.654. Turning to its 52-week performance, $5.75 and $1.72 were the 52-week high and 52-week low respectively. Overall, DDD moved -23.96% over the past month.
3D Systems Corp’s market cap currently stands at around $421.78 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 114.96M for the company’s revenue for the quarter, with a low and high estimate of 114M and 115.9M respectively. The average forecast suggests up to a 0.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 445.05M, representing a -8.81% 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% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -8.50% and -5.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.46, while 7-day volatility ratio is 5.37% and 7.59% in the 30-day chart. Further, 3D Systems Corp (DDD) has a beta value of 1.64, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $3.875, forecast between a low of $3.75 and high of $4. Looking at the price targets, the low is -20.58% off current price level while to achieve the yearly target high, price needs to move -28.62%. Nonetheless, investors will most likely welcome a -24.6% jump to $3.875 which is the analysts’ median price.
If we refocus on 3D Systems Corp (NYSE:DDD), historical trading data shows that trading volumes averaged 2.09 over the past 10 days and 2.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 134.83 million shares.
The 3.74% of 3D Systems Corp’s shares are in the hands of company insiders while institutional holders own 52.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.48 million on 2024-11-15, giving us a short ratio of 3.75. The data shows that as of 2024-11-15 short interest in 3D Systems Corp (DDD) stood at 927.9999999999999 of shares outstanding, with shares short falling to 11.05 million registered in 2024-10-15. Current price change has pushed the stock -5.18% 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.
