Sunday, March 7, 2021

Wall Street Analyst Downgrade 3D Systems Corporation [DDD]. What else is Wall St. saying

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3D Systems Corporation [NYSE: DDD] gained 12.53% or 4.87 points to close at $43.73 with a heavy trading volume of 9900557 shares. The company report on February 3, 2021 that 3D Systems Announces Expansion Plans in South Carolina including Customer Center, Advanced Manufacturing, and New Materials Development Laboratories.

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Company to expand Metals and Polymer Advanced Manufacturing capability, Customer Collaboration & Training Center, and Materials Development Laboratories.


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It opened the trading session at $38.79, the shares rose to $46.12 and dropped to $38.79, the range by which the price of stock traded the whole day. The daily chart for DDD points out that the company has recorded 539.33% gains over the past six months. However, it is still -850.65% lower than its most recent low trading price.

If we look at the average trading volume of 12.19M shares, DDD reached to a volume of 9900557 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 3D Systems Corporation [DDD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDD shares is $20.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DDD stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for 3D Systems Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 29, 2021. While these analysts kept the previous recommendation, Berenberg dropped their target price from $9 to $30. The new note on the price target was released on January 25, 2021, representing the official price target for 3D Systems Corporation stock. Previously, the target price had yet another raise to $28, while Stifel analysts kept a Hold rating on DDD stock.

The Average True Range (ATR) for 3D Systems Corporation is set at 4.51, with the Price to Sales ratio for DDD stock in the period of the last 12 months amounting to 10.62. The Price to Book ratio for the last quarter was 12.08, with the Price to Cash per share for the same quarter was set at 0.57.

Trading performance analysis for DDD stock

3D Systems Corporation [DDD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.55. With this latest performance, DDD shares gained by 317.67% in over the last four-week period, additionally plugging by 539.33% over the last 6 months – not to mention a rise of 273.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DDD stock in for the last two-week period is set at 73.86, with the RSI for the last a single of trading hit 74.02, and the three-weeks RSI is set at 73.84 for 3D Systems Corporation [DDD]. The present Moving Average for the last 50 days of trading for this stock 18.74, while it was recorded at 39.01 for the last single week of trading, and 9.66 for the last 200 days.

3D Systems Corporation [DDD]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and 3D Systems Corporation [DDD] shares currently have an operating margin of -9.08 and a Gross Margin at +44.20. 3D Systems Corporation’s Net Margin is presently recorded at -11.11.

Return on Total Capital for DDD is now -9.33, given the latest momentum, and Return on Invested Capital for the company is -11.53. Return on Equity for this stock declined to -12.70, with Return on Assets sitting at -8.56. When it comes to the capital structure of this company, 3D Systems Corporation [DDD] has a Total Debt to Total Equity ratio set at 17.75. Additionally, DDD Total Debt to Total Capital is recorded at 15.08, with Total Debt to Total Assets ending up at 11.48. Long-Term Debt to Equity for the company is recorded at 15.44, with the Long-Term Debt to Total Capital now at 13.11.

Reflecting on the efficiency of the workforce at the company, 3D Systems Corporation [DDD] managed to generate an average of -$28,269 per employee. Receivables Turnover for the company is 5.33 with a Total Asset Turnover recorded at a value of 0.77.3D Systems Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.10.

3D Systems Corporation [DDD]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, 3D Systems Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 400.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DDD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for 3D Systems Corporation go to 10.00%.

An analysis of insider ownership at 3D Systems Corporation [DDD]

There are presently around $3,575 million, or 68.20% of DDD stock, in the hands of institutional investors. The top three institutional holders of DDD stocks are: BLACKROCK INC. with ownership of 17,785,269, which is approximately -0.167% of the company’s market cap and around 2.10% of the total institutional ownership; VANGUARD GROUP INC, holding 11,912,862 shares of the stock with an approximate value of $520.95 million in DDD stocks shares; and INVESCO LTD., currently with $373.01 million in DDD stock with ownership of nearly -0.136% of the company’s market capitalization.

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Positions in 3D Systems Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 120 institutional holders increased their position in 3D Systems Corporation [NYSE:DDD] by around 8,059,616 shares. Additionally, 84 investors decreased positions by around 4,477,116 shares, while 72 investors held positions by with 69,218,109 shares. The mentioned changes placed institutional holdings at 81,754,841 shares, according to the latest SEC report filing. DDD stock had 46 new institutional investments in for a total of 1,410,710 shares, while 32 institutional investors sold positions of 985,098 shares during the same period.

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