A Technical View of the 3D Systems Corp. (DDD)

3D Systems Corp. (NYSE:DDD) saw a downside of -0.68% to close Tuesday at $4.39 after subtracting -$0.03 on the day. The 5-day average trading volume is 2,959,180 shares of the company’s common stock. It has gained $5.08 in the past week and touched a new high 1 time within the past 5 days. An average of 3,740,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,608,644.

DDD’s 1-month performance is -28.38% or -$1.74 on its low of $4.37 reached on 09/25/23. The company’s shares have touched a 52-week low of $4.37 and high of $12.67, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, DDD has lost -40.68% or -$3.01 and has reached a new high 18 times. However, the current price is down -65.35% from the 52-week high price.

Insider Transactions

DDD stock investors last saw insider trading activity on May 31.Puthenveetil Reji (EVP, Industrial Solutions) most recently sold 18,434 shares at $8.00 per share on May 31. This transaction cost the insider $147,450. Director, Clinton Malissia, sold 8,685 shares at a price of $8.58 on May 18. Then, on Dec 09, EVP, Chief Legal Officer & Sec Johnson Andrew Martin sold 7,787 shares at a price of $9.39 per share. This transaction amounted to $73,120.

Valuation Metrics

DDD stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 0.82.

3D Systems Corp.’s quick ratio for the period ended June 29 was 4.09, with the current ratio over the same period at 5.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.72, while the total debt to equity was 0.74.. In terms of profitability, the gross margin trailing 12 months is 39.74%. The trailing 12-month EBITDA margin is -13.60% while for the period ending June 29, 3D Systems Corp.’s operating margin was -24.66%. The firm’s gross profit as reported stood at $214.23 million against revenue of $538.03 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -14.05% to -$28.9 million, while revenue of -$29.42 million was -1.8% off the previous quarter. Analysts expected DDD to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.07, representing a -40.00% surprise. EBITDA for the quarter stood at more than -$22.51 million. DDD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 720.69 million, with total debt at $525.58 million. Shareholders hold equity totaling $133.48 million.

Let’s look briefly at 3D Systems Corp. (DDD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 15.77% to suggest the stock is trending oversold, with historical volatility in this time period at 46.15%.

The stock’s 5-day moving average is $4.56, reflecting a -11.13% or -$0.55 change from its current price. DDD is currently trading -28.50% above its 20-day SMA, -50.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -54.37% and SMA200 by-52.33%.

Stochastic %K and %D was 2.17% and 1.93% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 18.47%, while the 14-day stochastic is at 1.64% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.34 and -0.49 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for 3D Systems Corp. (NYSE: DDD), Credit Suisse launched coverage with an Underperform rating. Analysts offering their rating for DDD stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate DDD as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $6.50 and a high of $11.50, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for 3D Systems Corp. (DDD) stock is $8.75.

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