3D Systems Corp (NYSE:DDD) shares, rose in value, with the stock price up by 22.35% to the previous day’s close as strong demand from buyers drove the stock to $3.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.04, falling within a range of $3.22 and $3.7893. The value of beta (5-year monthly) is 1.654. Referring to stock’s 52-week performance, its high was $5.75, and the low was $1.72. On the whole, DDD has fluctuated by 6.27% over the past month.
With the market capitalization of 3D Systems Corp currently standing at about $504.43 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 445.05M, with a low estimate of 114M and a high estimate of 115.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 114.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DDD’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 100% Buy 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 DDD currently trading nearly 13.81% and 13.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.38, while the 7-day volatility ratio is showing 4.24% which for the 30-day chart, stands at 6.01%. Furthermore, 3D Systems Corp (DDD)’s beta value is 1.61, and its average true range (ATR) is 0.25.
A comparison of 3D Systems Corp (DDD) with its peers suggests the former has fared considerably weaker in the market. DDD showed an intraday change of 22.35% in today’s session so far, and over the past year, it shrunk by -27.92%%.
Data on historical trading for 3D Systems Corp (NYSE:DDD) indicates that the trading volumes over the past 10 days have averaged 1.87 and over the past 3 months, they’ve averaged 2.68 million. According to company’s latest data on outstanding shares, there are 134.83 million shares outstanding.
Nearly 3.74% of 3D Systems Corp’s shares belong to company insiders and institutional investors own 52.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.48 million shares as on 2024-11-15, resulting in a short ratio of 3.75. According to the data, the short interest in 3D Systems Corp (DDD) stood at 928.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 11.05 million. The stock has risen by 13.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DDD stock heading into the next quarter.
