3D Systems Corp. [NYSE: DDD] surged by $0.34 during the normal trading session on while it closed the day at $4.45. The company report on March 5, 2024 at 8:00 AM that 3D Systems Announces Additional Partial Repurchase of Convertible Senior Notes.
Repurchasing approximately $110 million of 0% coupon, convertible senior notes at approximately 22% discount to par value.
Reduces remaining balance of outstanding notes to approximately $214 million, over 50% reduction from initial issued principal balance of $460 million, due 2026.
3D Systems Corp. stock has also loss -14.91% of its value over the past 7 days. However, DDD stock has declined by -23.28% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.46% and lost -29.92% year-on date.
The market cap for DDD stock reached $593.76 million, with 133.62 million shares outstanding and 129.17 million shares in the current float. Compared to the average trading volume of 1.84M shares, DDD reached a trading volume of 4770417 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 3D Systems Corp. [DDD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDD shares is $5.69 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 2.43. 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.
Cantor Fitzgerald have made an estimate for 3D Systems Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 13, 2024. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Underperform. The new note on the price target was released on August 17, 2022, representing the official price target for 3D Systems Corp. stock. Previously, the target price had yet another drop from $36 to $29, while Lake Street kept a Buy rating on DDD stock. On March 01, 2022, analysts decreased their price target for DDD shares from 22 to 18.
The Average True Range (ATR) for 3D Systems Corp. is set at 0.38, with the Price to Sales ratio for DDD stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 2.49.
DDD stock trade performance evaluation
3D Systems Corp. [DDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.91. With this latest performance, DDD shares dropped by -7.48% in over the last four-week period, additionally sinking by -28.46% over the last 6 months – not to mention a drop of -60.90% 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 42.96, with the RSI for the last a single of trading hit 43.07, and the three-weeks RSI is set at 43.55 for 3D Systems Corp. [DDD]. The present Moving Average for the last 50 days of trading for this stock 5.22, while it was recorded at 4.19 for the last single week of trading, and 6.30 for the last 200 days.
3D Systems Corp. [DDD]: An insightful look at the core fundamentals
3D Systems Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.24 and a Current Ratio set at 4.30.
Earnings per share (EPS) analysis for 3D Systems Corp. [DDD] stock
With the latest financial reports released by the company, 3D Systems Corp. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -28.60%. 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 Corp. go to 30.00%.
3D Systems Corp. [DDD]: Institutional Ownership
The top three institutional holders of DDD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DDD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DDD stock with ownership which is approximately 5.8325%.
