During the last session, 3D Systems Corporation (NYSE:DDD)’s traded shares were 2,763,419, with the beta value of the company hitting 1.27. At the end of the trading day, the stock’s price was $24.42, reflecting an intraday loss of -7.04% or -$1.85. The 52-week high for the DDD share is $56.5, that puts it down -131.37% from that peak though still a striking +81.16% gain since the share price plummeted to a 52-week low of $4.6. The company’s market capitalization is $3.03 Billion, and the average intraday trading volume over the past 10 days was 2.81 Million shares, and the average trade volume was 13.49 Million shares over the past three months.
3D Systems Corporation (DDD) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.2. DDD has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.
3D Systems Corporation (NYSE:DDD): Trading Information
3D Systems Corporation (DDD) registered a -7.04% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 15.71% in intraday trading to $28.97 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is -6.44%, and it has moved by -1.33% in 30 days. Despite these dips, the overall price performance for the year is 133.02%. The short interest in 3D Systems Corporation (NYSE:DDD) is 16.81 Million shares and it means that shorts have 1.25 day(s) to cover.
The consensus price target of analysts on Wall Street is $25.43, which implies an increase of 4.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $31 respectively. As a result, DDD is trading at a discount of 26.95% off the target high and -42.67% off the low.
3D Systems Corporation (DDD) projections and forecasts
Statistics show that 3D Systems Corporation has underperformed its competitors in share price, compared to the industry in which it operates. 3D Systems Corporation (DDD) shares have gone up +389.38% during the last six months, with a year-to-date growth rate less than the industry average at -327.27% against 40.7%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 125% this quarter and then jump 115.4% in the quarter after that. In the rating firms’ projections, revenue will increase 3.4% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.3%. While earnings are projected to return -107.2% in 2021, the next five years will return 10% per annum.
3D Systems Corporation (NYSE:DDD)’s Biggest Investors
3D Systems Corporation insiders own 3.5% of total outstanding shares while institutional holders control 68.6%, with the float percentage being 71.09%. Blackrock Inc. is the largest shareholder of the company, while 344 institutions own stock in it. As of Dec 30, 2020, the company held over 19.32 Million shares (or 15.56% of all shares), a total value of $202.44 Million in shares.
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The next largest institutional holding, with 12.43 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.01% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $130.25 Million.
Also, the Mutual Funds coming in first place with the largest holdings of 3D Systems Corporation (DDD) shares are iShares Core S&P Smallcap ETF and Invesco Oppenheimer Global Opportunities Fund. Data provided on Feb 27, 2021 indicates that iShares Core S&P Smallcap ETF owns about 8,313,583 shares. This amounts to just over 6.7 percent of the company’s overall shares, with a $297.96 Million market value. The same data shows that the other fund manager holds slightly less at 5Million, or about 4.03% of the stock, which is worth about $177.7 Million.