In the last trading session, 4,020,466 shares of the 3D Systems Corporation(NYSE:DDD) were traded, and its beta was 1.54. Most recently the company’s share price was $43.19, and it changed around $1.78 or 0.04% from the last close, which brings the market valuation of the company to $5.36 Billion. DDD currently trades at a discount to its 52-week high of $56.5, offering almost -30.82% off that amount. The share price’s 52-week low was $4.6, which indicates that the current value has risen by an impressive 89.35% since then. We note from 3D Systems Corporation’s average daily trading volume that its 10-day average is 4.87 Million shares, with the 3-month average coming to 13.01 Million.
3D Systems Corporation stock received a consensus recommendation rating of Underweight, based on a mean score of 3.3. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 6 recommended DDD as a Hold, whereas none deemed it a Buy, and 1 rated it as Underweight. 3D Systems Corporation is expected to report earnings per share of $0.1 for the current quarter.
3D Systems Corporation (NYSE:DDD): Trading Information
Instantly DDD has showed a green trend with a performance of 4.3% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $50.79 on Tuesday, Feb 16 increased the stock’s daily price by 14.96%. The company’s shares are currently up 3.12% year-to-date, but still down -0.1352 over the last five days. On the other hand, 3D Systems Corporation (NYSE:DDD) is 0.39% up in the 30-day period. We can see from the shorts that 10Million shares have been sold at a short interest cover period of 0.77 day(s).
The consensus price target as assigned by Wall Street analysts is $20.71, which translates to bears needing to reduce their stock price by -52.05% from its current value. Analyst projections state that DDD is forecast to be at a low of $5 and a high of $30. In order for the stock price to hit the forecast high, the stock would need to surge -30.54% from its current level, while the stock would need to crash -88.42% from its current level to reach the projected low.
3D Systems Corporation (DDD) projections and forecasts
3D Systems Corporation share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +693.93 percent over the past six months and at a -12.5% annual growth rate that is well below the industry average of 26.7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +100% in revenue this quarter, and will report an increase of 225% in the next quarter. The year-over-year growth rate is expected to be -12.5%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $168.47 Million in revenue for the current quarter. 7 analysts expect 3D Systems Corporation to make $133.77 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarter a year ago was $164.57 Million. Analysts predict that the company’s current quarter sales will jump, forecast at 2.4%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -50.4%. 3D Systems Corporation earnings are expected to decrease by -51.6% in 2021, but the outlook is positive 10% per year for the next five years.
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3D Systems Corporation (NYSE:DDD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.27% of 3D Systems Corporation shares, and 68.02% of them are in the hands of institutional investors. The stock currently has a share float of 70.32%. 3D Systems Corporation stock is held by 311 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 15.56% of the shares, which is about 19.32 Million shares worth $202.44 Million.
Vanguard Group, Inc. (The), with 9.6% or 11.91 Million shares worth $58.49 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.