3D Systems Corp [NYSE: DDD] loss -3.47% or 4219998.56 points to close at $4220000.0 with a heavy trading volume of 4854603 shares.
It opened the trading session at $1.47, the shares rose to $1.485 and dropped to $1.36, the range by which the price of stock traded the whole day. The daily chart for DDD points out that the company has recorded -60.85% loss over the past six months.
If we look at the average trading volume of 4.22M shares, DDD reached to a volume of 4854603 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 Corp [DDD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDD shares is $3.00 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 2.50. 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 Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.99.
Trading performance analysis for DDD stock
3D Systems Corp [DDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.67. With this latest performance, DDD shares dropped by -13.66% in over the last four-week period, additionally sinking by -60.85% over the last 6 months – not to mention a drop of -57.62% in the past year of trading.
3D Systems Corp [DDD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and 3D Systems Corp [DDD] shares currently have an operating margin of -29.53% and a Gross Margin at 33.46%. 3D Systems Corp’s Net Margin is presently recorded at -64.06%.
Return on Equity for this stock declined to -38.40%, with Return on Assets sitting at -38.40%.
An analysis of Institutional ownership at 3D Systems Corp [DDD]
There are presently around $50.22%, or 52.05% 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 16.8562%. 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 5.8393%.
