Stratasys Ltd. [SSYS] Stock trading around $32.28 per share: What’s Next?

Stratasys Ltd. [NASDAQ: SSYS] plunged by -$4.0 during the normal trading session on Tuesday and reaching a high of $35.3964 during the day while it closed the day at $32.28. The company report on March 3, 2021 that Stratasys Ltd. Announces Proposed Public Offering of Ordinary Shares.

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Stratasys Ltd. (NASDAQ: SSYS) announced that it intends to offer up to $200 million of its ordinary shares in an underwritten public offering. Stratasys also expects to grant the underwriters a 30-day option to purchase up to an additional $30 million of its ordinary shares. All the shares in the proposed offering are to be sold by Stratasys.

J.P. Morgan and Stifel are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Stratasys Ltd. stock has also loss -9.22% of its value over the past 7 days. However, SSYS stock has inclined by 99.51% in the 3 months of the year. Over the past six months meanwhile, it has gained 122.93% and gained 55.79% year-on date.

The market cap for SSYS stock reached $1.76 billion, with 55.09 million shares outstanding and 52.47 million shares in the current float. Compared to the average trading volume of 2.25M shares, SSYS reached a trading volume of 2251447 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Stratasys Ltd. [SSYS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SSYS shares is $22.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SSYS stock is a recommendation set at 3.10. 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.

Stifel have made an estimate for Stratasys Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2021. The new note on the price target was released on January 15, 2021, representing the official price target for Stratasys Ltd. stock. Previously, the target price had yet another raise to $18, while Berenberg analysts kept a Buy rating on SSYS stock. On September 24, 2020, analysts decreased their price target for SSYS shares from 20 to 18.

The Average True Range (ATR) for Stratasys Ltd. is set at 4.77, with the Price to Sales ratio for SSYS stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 2.48.

SSYS stock trade performance evaluation

Stratasys Ltd. [SSYS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.22. With this latest performance, SSYS shares dropped by -22.24% in over the last four-week period, additionally plugging by 122.93% over the last 6 months – not to mention a rise of 101.06% 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 SSYS stock in for the last two-week period is set at 36.78, with the RSI for the last a single of trading hit 29.23, and the three-weeks RSI is set at 42.61 for Stratasys Ltd. [SSYS]. The present Moving Average for the last 50 days of trading for this stock 35.42, while it was recorded at 34.62 for the last single week of trading, and 20.39 for the last 200 days.

Stratasys Ltd. [SSYS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Stratasys Ltd. [SSYS] shares currently have an operating margin of -1.20 and a Gross Margin at +48.07. Stratasys Ltd.’s Net Margin is presently recorded at -1.71.

Return on Total Capital for SSYS is now -0.65, given the latest momentum, and Return on Invested Capital for the company is -0.93. Return on Equity for this stock declined to -0.94, with Return on Assets sitting at -0.78. When it comes to the capital structure of this company, Stratasys Ltd. [SSYS] has a Total Debt to Total Equity ratio set at 1.88. Additionally, SSYS Total Debt to Total Capital is recorded at 1.84, with Total Debt to Total Assets ending up at 1.57. Long-Term Debt to Equity for the company is recorded at 1.08, with the Long-Term Debt to Total Capital now at 1.06.

Reflecting on the efficiency of the workforce at the company, Stratasys Ltd. [SSYS] managed to generate an average of -$4,784 per employee. Receivables Turnover for the company is 4.65 with a Total Asset Turnover recorded at a value of 0.46.Stratasys Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 4.40.

Earnings per share (EPS) analysis for Stratasys Ltd. [SSYS] stock

With the latest financial reports released by the company, Stratasys Ltd. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -280.00%. 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 SSYS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Stratasys Ltd. go to 36.00%.

Stratasys Ltd. [SSYS]: Insider Ownership positions

There are presently around $1,388 million, or 79.30% of SSYS stock, in the hands of institutional investors. The top three institutional holders of SSYS stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 12,087,661, which is approximately 0.143% of the company’s market cap and around 5.97% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 4,888,399 shares of the stock with an approximate value of $157.8 million in SSYS stocks shares; and NIKKO ASSET MANAGEMENT AMERICAS, INC., currently with $134.03 million in SSYS stock with ownership of nearly -23.791% of the company’s market capitalization.

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Positions in Stratasys Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 87 institutional holders increased their position in Stratasys Ltd. [NASDAQ:SSYS] by around 4,835,929 shares. Additionally, 66 investors decreased positions by around 4,392,245 shares, while 25 investors held positions by with 33,763,792 shares. The mentioned changes placed institutional holdings at 42,991,966 shares, according to the latest SEC report filing. SSYS stock had 33 new institutional investments in for a total of 1,263,552 shares, while 31 institutional investors sold positions of 1,536,398 shares during the same period.

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