Stratasys Ltd (NASDAQ:SSYS) price on Friday, January 17, fall -0.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.98.
A look at the stock’s price movement, the close in the last trading session was $9.02, moving within a range at $8.93 and $9.21. The beta value (5-Year monthly) was 1.216. Turning to its 52-week performance, $14.22 and $6.05 were the 52-week high and 52-week low respectively. Overall, SSYS moved -12.30% over the past month.
Stratasys Ltd’s market cap currently stands at around $632.55 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 149.88M for the company’s revenue for the quarter, with a low and high estimate of 146.07M and 153M respectively. The average forecast suggests down to a -4.13% 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 571.88M, representing a -8.88% 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 SSYS is a Hold. 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 50% Buy category.
3 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 0 analyst(s) rate the stock as a Hold, 3 recommend SSYS 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SSYS’s current price about -1.51% and -3.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.19, while 7-day volatility ratio is 5.49% and 5.20% in the 30-day chart. Further, Stratasys Ltd (SSYS) has a beta value of 1.31, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $11 and high of $11. Looking at the price targets, the low is -22.49% off current price level while to achieve the yearly target high, price needs to move -22.49%. Nonetheless, investors will most likely welcome a -22.49% jump to $11 which is the analysts’ median price.
If we refocus on Stratasys Ltd (NASDAQ:SSYS), historical trading data shows that trading volumes averaged 0.42 over the past 10 days and 641.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.39 million shares.
The 19.05% of Stratasys Ltd’s shares are in the hands of company insiders while institutional holders own 52.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.55 million on 2024-10-31, giving us a short ratio of 3.79. The data shows that as of 2024-10-31 short interest in Stratasys Ltd (SSYS) stood at 556.0 of shares outstanding, with shares short falling to 1.88 million registered in 2024-09-30. Current price change has pushed the stock 1.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SSYS stock continues to rise going into the next quarter.
