3D Systems Corp [NYSE: DDD] traded at a low on Thursday, posting a -3.23 loss after which it closed the day’ session at $2.70.
The results of the trading session contributed to over 2671028 shares changing hands. Over the past one week, the price volatility of 3D Systems Corp stands at 6.52% while the volatility over the past one month is 8.42%.
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The market cap for DDD stock reached $366.17 million, with 134.83 million shares outstanding and 130.39 million shares in the current float. Compared to the average trading volume of 3.27M shares, DDD reached a trading volume of 2671028 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $3.19 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 2.33. 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 0.25, with the Price to Sales ratio for DDD stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 1.40.
How has DDD stock performed recently?
3D Systems Corp [DDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.47. With this latest performance, DDD shares dropped by -21.28% in over the last four-week period, additionally sinking by -38.50% over the last 6 months – not to mention a drop of -52.30% 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 39.98, with the RSI for the last a single of trading hit 34.98, and the three-weeks RSI is set at 43.26 for 3D Systems Corp [DDD]. The present Moving Average for the last 50 days of trading for this stock 3.06, while it was recorded at 2.79 for the last single week of trading, and 3.39 for the last 200 days.
3D Systems Corp [DDD]: Deeper insight into the fundamentals
3D Systems Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.34 and a Current Ratio set at 3.31.
Earnings analysis for 3D Systems Corp [DDD]
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%.
Insider trade positions for 3D Systems Corp [DDD]
There are presently around $55.28%, or 56.94%% of DDD stock, in the hands of institutional investors. The top three institutional holders of DDD stocks are: BLACKROCK INC. with ownership of 22.22 million shares, which is approximately 17.0095%. VANGUARD GROUP INC, holding 11.81 million shares of the stock with an approximate value of $$36.25 million in DDD stocks shares; and VANGUARD GROUP INC, currently with $$23.63 million in DDD stock with ownership which is approximately 5.8924%.
