Gaining Ground: 3D Systems Corp (DDD) Closes Lower at 3.41, Down -0.58

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The price of 3D Systems Corp (NYSE: DDD) closed at $3.41 in the last session, down -0.58% from day before closing price of $3.43. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 2.45 million shares were traded. DDD stock price reached its highest trading level at $3.45 during the session, while it also had its lowest trading level at $3.33.

Ratios:

We take a closer look at DDD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 3.46. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.72.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 28 ’23 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.

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 455487360 and an Enterprise Value of 550616576. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 1.211 whereas that against EBITDA is -8.14.

Stock Price History:

Over the past 52 weeks, DDD has reached a high of $6.85, while it has fallen to a 52-week low of $1.72. The 50-Day Moving Average of the stock is 12.96%, while the 200-Day Moving Average is calculated to be -1.66%.

Shares Statistics:

According to the various share statistics, DDD traded on average about 3.29M shares per day over the past 3-months and 3156230 shares per day over the past 10 days. A total of 133.62M shares are outstanding, with a floating share count of 128.42M. Insiders hold about 3.86% of the company’s shares, while institutions hold 53.17% stake in the company. Shares short for DDD as of 1731628800 were 8476564 with a Short Ratio of 2.85, compared to 1728950400 on 11046231. Therefore, it implies a Short% of Shares Outstanding of 8476564 and a Short% of Float of 9.28.

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