The stock of 3D Systems Corporation (NYSE:DDD) decreased by -$0.39 on Tuesday to finish at $6.78, down -5.44 percent. The last five days have seen an average of 2,402,300 shares of common stock traded. 18 times new highs were reached in the current year, with a fall of -$0.62. The average number of shares traded over the last 20 days was 1,928,980, while the average volume over the last 50 days totaled 1,736,342.
DDD stock dropped -29.52% since last month. On 08/15/23, the company’s shares reached a one-month low of $6.77. The stock touched a high of $12.67 on 02/03/23, after rallying from a low of $6.89 in 52 weeks. The price of DDD stock has declined by -8.38% or -$0.62 this year, reaching a new high 18 times. Still, the stock price is down -46.49% 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 77 days ago on May 31. On May 31, EVP, Industrial Solutions Puthenveetil Reji sold 18,434 shares at $8.00 each. This transaction resulted in the insider making $147,450. On May 18, Clinton Malissia sold 8,685 shares at a price of US$8.58. After the transaction, the insider now owns 62,785 shares. EVP, Chief Legal Officer & Sec Johnson Andrew Martin had earlier sold 7,787 shares on Dec 09 for $9.39 a share. The transaction was completed for $73,120.
Valuation Metrics
Beta for the stock is 1.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 1.24.
Financial Health
For the three months ended June 29, 3D Systems Corporation’s quick ratio was 4.10, while its current ratio was 5.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 39.40% percent. 3D Systems Corporation’s operating margin stood at -24.10% for the same period. Based on annual data, it had gross profit of $214.23 million and revenue of $538.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DDD’s return on assets (ROA) during the last 12 months has been -8.50%. There was a -10.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -16.70%.
Earnings Surprise
According to 3D Systems Corporation’s quarterly financial report for the quarter that ended June 29, it had $450.85 million in total debt versus $1.14 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $128.02 million, while revenues fell by -9.4% to $121.24 million. It was predicted that 3D Systems Corporation’s quarterly earnings would be -$0.07, but it ended up being -$0.05. EBITDA was -$22.51 million for the quarter. At the end of 3D Systems Corporation’s most recent quarter ended June 29, its liabilities totaled 720.69 million, while its total debt was $525.58 million. Equity owned by shareholders amounts to $133.48 million.
Technical Picture
Here’s a quick look at 3D Systems Corporation’s (DDD) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 16.05%, suggesting the stock is oversold, with a 40.99% historical volatility rate.
The stochastic %K and %D were 5.80% and 5.64% respectively, while the average true range (ATR) was 0.37. Based on the 14-day stochastic reading of 0.43%, the RSI (14) reading is 22.27%. On the 9-day MACD Oscillator, the stock is at -0.53, and the 14-day reading is at -0.90.
Analyst Ratings
In its analyst report released on August 17, 2022, Credit Suisse began covering 3D Systems Corporation (NYSE: DDD). The stock was rated as an Underperform by the brokerage firm. Analysts have assigned 3D Systems Corporation (DDD) an Hold rating. DDD is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is DDD’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $11.50, with a median target price of $8.50. In analyzing these forecasts, the average price target given by analysts for 3D Systems Corporation (DDD) is $8.63.
