Market Watch: 3D Systems Corp. (DDD)’s Noteworthy Gain, Closing at 2.89

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As of close of business last night, 3D Systems Corp.’s stock clocked out at $2.89, up 1.05% from its previous closing price of $2.86. In other words, the price has increased by $1.05 from its previous closing price. On the day, 1.43 million shares were traded. DDD stock price reached its highest trading level at $2.99 during the session, while it also had its lowest trading level at $2.87.

Ratios:

To gain a deeper understanding of DDD’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future 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.

ERICKSON THOMAS W bought 50,000 shares of DDD for $228,400 on Nov 21 ’23. The Director now owns 207,294 shares after completing the transaction at $4.57 per share.

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 388699232 and an Enterprise Value of 481158208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 1.058 whereas that against EBITDA is -7.113.

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 11.11%, while the 200-Day Moving Average is calculated to be -20.93%.

Shares Statistics:

It appears that DDD traded 3.14M shares on average per day over the past three months and 1598390 shares per day over the past ten days. A total of 133.62M shares are outstanding, with a floating share count of 128.45M. Insiders hold about 3.83% of the company’s shares, while institutions hold 62.11% stake in the company. Shares short for DDD as of 1728950400 were 11046231 with a Short Ratio of 3.52, compared to 1726185600 on 15413146. Therefore, it implies a Short% of Shares Outstanding of 11046231 and a Short% of Float of 12.100001.

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