After finishing at $4.23 in the prior trading day, 3D Systems Corp. (NYSE: DDD) closed at $4.11, down -2.84%. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 1640307 shares were traded. DDD stock price reached its highest trading level at $4.2500 during the session, while it also had its lowest trading level at $4.0800.
Ratios:
Our goal is to gain a better understanding of DDD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.24 and its Current Ratio is at 4.30. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.90.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on February 13, 2024, initiated with a Overweight rating and assigned the stock a target price of $8.50.
On August 17, 2022, Credit Suisse started tracking the stock assigning a Underperform rating and target price of $8.
Lake Street reiterated its Buy rating for the stock on March 01, 2022, while the target price for the stock was revised from $36 to $29.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 28 when ERICKSON THOMAS W bought 50,000 shares for $5.30 per share. The transaction valued at 265,000 led to the insider holds 257,294 shares of the business.
ERICKSON THOMAS W bought 50,000 shares of DDD for $228,400 on Nov 21. The Director now owns 207,294 shares after completing the transaction at $4.57 per share. On May 31, another insider, Puthenveetil Reji, who serves as the EVP, Industrial Solutions of the company, sold 18,434 shares for $8.00 each. As a result, the insider received 147,450 and left with 206,982 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DDD now has a Market Capitalization of 565.21M and an Enterprise Value of 619.76M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is -9.26.
Stock Price History:
Over the past 52 weeks, DDD has reached a high of $11.53, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is 5.2974, while the 200-Day Moving Average is calculated to be 6.3390.
Shares Statistics:
The stock has traded on average 1.85M shares per day over the past 3-months and 2.35M shares per day over the last 10 days, according to various share statistics. A total of 133.62M shares are outstanding, with a floating share count of 129.17M. Insiders hold about 3.20% of the company’s shares, while institutions hold 64.36% stake in the company. Shares short for DDD as of Feb 15, 2024 were 9.64M with a Short Ratio of 5.21, compared to 9.78M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.21% and a Short% of Float of 10.32%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.11, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.11 and -$0.17 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.01, with 4 analysts recommending between $0.04 and -$0.04.
Revenue Estimates
6 analysts predict $110.82M in revenue for the current quarter. It ranges from a high estimate of $120.88M to a low estimate of $108M. As of the current estimate, 3D Systems Corp.’s year-ago sales were $128.02M, an estimated decrease of -13.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $119.73M, a decrease of -10.70% over than the figure of -$13.40% in the same quarter last year. There is a high estimate of $127.29M for the next quarter, whereas the lowest estimate is $115.5M.
A total of 6 analysts have provided revenue estimates for DDD’s current fiscal year. The highest revenue estimate was $519.86M, while the lowest revenue estimate was $475.32M, resulting in an average revenue estimate of $488.78M. In the same quarter a year ago, actual revenue was $488.07M, up 0.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $515.09M in the next fiscal year. The high estimate is $534M and the low estimate is $485M. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
