As of Friday close, 3D Systems Corporation’s (NYSE:DDD) stock was down -$0.12, moving down -2.59 percent to $4.51. The average number of shares traded per day over the past five days has been 2,673,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.55 fall in that time frame. In the last twenty days, the average volume was 3,522,235, while in the previous 50 days, it was 2,569,456.
Since last month, DDD stock retreated -28.98%. Shares of the company fell to $4.48 on 09/22/23, the lowest level in the past month. A 52-week high of $12.67 was reached on 02/03/23 after having rallying from a 52-week low of $4.60. Since the beginning of this year, DDD’s stock price has dropped by -39.05% or -$2.89, and marked a new high 18 times. However, the stock has declined by -64.40% since its 52-week high.
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DDD stock investors should be aware that 3D Systems Corporation (DDD) stock had its last reported insider trading activity 115 days ago on May 31. Puthenveetil Reji, the EVP, Industrial Solutions of the company, disposed of 18,434 shares for $8.00 on May 31. It resulted in a $147,450 divestment by the insider. Clinton Malissia sold 8,685 shares at an average price of $8.58 on May 18. The insider now owns 62,785 shares following the transaction. On Dec 09, EVP, Chief Legal Officer & Sec Johnson Andrew Martin sold 7,787 shares at $9.39 apiece. The transaction was valued at $73,120.
Valuation Metrics
The stock’s beta is 1.80. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 0.82.
Financial Health
In the three months ended June 29, 3D Systems Corporation’s quick ratio stood at 4.10, while its current ratio was 5.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 39.70% percent. In the year ended June 29, EBITDA margin amounted to -13.60%, whereas operating margins totaled -24.70%. Based on annual data, DDD earned $214.23 million in gross profit and brought in $538.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.10%. Return on equity (ROE) for the past 12 months was -16.70%.
In 3D Systems Corporation’s quarter-end financial report for June 29, it reported total debt of $450.85 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DDD’s revenue fell -9.4% to $121.24 million during the quarter, while net income inched up to $128.02 million. While analysts expected 3D Systems Corporation to report -$0.05 quarterly earnings, the actual figure was -$0.07 per share. During the quarter, the company generated -$22.51 million in EBITDA. The liabilities of 3D Systems Corporation were 720.69 million at the end of its most recent quarter ended June 29, and its total debt was $525.58 million. The value of shareholders’ equity is $133.48 million.
Technical Picture
This quick technical analysis looks at 3D Systems Corporation’s (DDD) price momentum. With a historical volatility rate of 41.04%, the RSI 9-day stood at 17.38% on 22 September.
With respect to its five-day moving average, the current 3D Systems Corporation price is down by -10.87% percent or -$0.55. At present, DDD shares trade -25.33% below its 20-day simple moving average and -50.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately -56.84% below its SMA50 and -53.70% below its SMA200.
Stochastic coefficient K was 1.47% and Stochastic coefficient D was 1.56%, while ATR was 0.29. Given the Stochastic reading of 1.73% for the 14-day period, the RSI (14) reading has been calculated as 19.58%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.47.
Analyst Ratings
Credit Suisse launched its rating on 3D Systems Corporation (NYSE: DDD) to an Underperform in a note to investors on August 17, 2022. 3D Systems Corporation (DDD) has been rated Hold by analysts. According to 0 brokerage firms, DDD is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate 3D Systems Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $8.50, the current consensus forecast for the stock is $6.50 – $11.50. Based on these forecasts, analysts predict 3D Systems Corporation (DDD) will achieve an average price target of $8.75.
