What Technical Indicators Show About 3D Systems Corporation (DDD)?


3D Systems Corporation (NYSE:DDD) finished Wednesday with a subtraction of -$0.12 to close at $7.04, a downside of -1.68 percent. An average of 1,251,420 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,531,945 shares traded, while the 50-day average volume stands at 1,401,988.

DDD stock has decreased by -22.89% in the last month. The company shares reached their 1-month lowest point of $7.02 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $7.12 and a high of $22.67 in 52 weeks. It has reached a new high 1 time so far this year and lost -67.32% or -$14.50 in price. In spite of this, the price is down -68.95% from the 52-week high.

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Insider Transactions

DDD stock investors should be aware that 3D Systems Corporation (DDD) stock had its last reported insider trading activity 20 days ago on Dec 09. In this transaction, the insider spent $73,120. EVP, Chief Legal Officer & Sec, Johnson Andrew Martin, disposed of 6,767 shares at a price of $10.06 on Sep 09. The insider now owns more than $68,076 worth of shares. Prior to that, EVP & CTO (Regenerative Med) HULL CHARLES W went on to Sale 26,386 shares at $10.95 each on Jun 08. An amount of $288,803 was transacted.

Valuation Metrics

3D Systems Corporation (DDD) stock’s beta is 1.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.66, the price-to-book (PB) ratio at 1.23.

Financial Health

The quick ratio of 3D Systems Corporation for the three months ended June 29 was 4.90, and the current ratio was 5.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.62 for the quarter ending June 29. Its gross profit as reported stood at $263.78 million compared to revenue of $615.64 million.

Earnings Surprise

For the three-month period that ended June 29, 3D Systems Corporation had $268.1 million in cash and short-term investments compared to $448.85 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$37.4 million in the quarter, while revenues of -$32.96 million were grew 882.51%. The analyst consensus anticipated 3D Systems Corporation’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.07. For the quarter, EBITDA amounted to -$23.64 million. Shareholders own equity worth $131.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at 3D Systems Corporation (DDD) price momentum. RSI 9-day as of the close on 28 December was 20.47%, suggesting the stock is oversold, with historical volatility in this time frame at 57.46%.

As of today, DDD’s price is $7.34 -5.12% or -$0.38 from its 5-day moving average. DDD is currently trading -23.73% lower than its 20-day SMA and -44.17% lower than its 100-day SMA. However, the stock’s current price level is -16.39% below the SMA50 and -48.42% below the SMA200.

The stochastic %K and %D were 3.70% and 6.37%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 0.68% and the average true range at 0.43, the RSI (14) stands at 28.20%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.97.

Analyst Ratings

Credit Suisse launched coverage on 3D Systems Corporation (NYSE: DDD) in its analyst report released on August 17, 2022. The firm assigned the stock an Underperform rating. The consensus rating for 3D Systems Corporation (DDD) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell DDD, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is DDD’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $14.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for 3D Systems Corporation (DDD) stock is $9.44.


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