After A 9.17% Rise This Year Is Stratasys Ltd. (NASDAQ:SSYS) A Better Buy Than Others? – Marketing Sentinel

After A 9.17% Rise This Year Is Stratasys Ltd. (NASDAQ:SSYS) A Better Buy Than Others?

In last trading session, Stratasys Ltd. (NASDAQ:SSYS) saw 1,907,684 shares changing hands with its beta currently measuring 1.22. Company’s recent per share price level of $22.62 trading at -$0.93 or -3.95% at ring of the bell on the day assigns it a market valuation of $1.44 Billion. That closing price of SSYS’s stock is at a discount of -151.77% from its 52-week high price of $56.95 and is indicating a premium of 47.44% from its 52-week low price of $11.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.27 Million shares which gives us an average trading volume of 2.89 Million if we extend that period to 3-months.

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For Stratasys Ltd. (SSYS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.9. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 3 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.07 in the current quarter.

Stratasys Ltd. (NASDAQ:SSYS) trade information

In the face of being in the red during last session for losing -3.95%, in the last five days SSYS remained trading in the green while hitting it’s week-highest on Thursday, Apr 15 when the stock touched $24.90- price level, adding 9.16% to its value on the day. Stratasys Ltd.’s shares saw a change of 9.17% in year-to-date performance and have moved -5.75% in past 5-day. Stratasys Ltd. (NASDAQ:SSYS) showed a performance of -23.99% in past 30-days. Number of shares sold short was 5.07 Million shares which calculate 1.75 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $31.57 to the stock, which implies a rise of 39.57% to its current value. Analysts have been projecting $17 as a low price target for the stock while placing it at a high target of $40. It follows that stock’s current price would jump +76.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.85% for stock’s current value.

Stratasys Ltd. (SSYS) estimates and forecasts

Statistics highlight that Stratasys Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +54.3% of value to its shares in past 6 months, showing an annual growth rate of -56% while that of industry is 15.5. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 63.2% in the current quarter and calculating 61.5% increase in the next quarter. This year revenue growth is estimated to rise 7.8% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $132.16 Million for the same. And 9 analysts are in estimates of company making revenue of $134.68 Million in the next quarter that will end on June 01, 2021. Company posted $132.91 Million and $117.62 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -0.6% while estimating it to be 14.5% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 21.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 76% while estimates for its earnings growth in next 5 years are of 33%

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Stratasys Ltd. (NASDAQ:SSYS)’s Major holders

Insiders are in possession of 0.9% of company’s total shares while institution are holding 68.51% percent of that, with stock having share float percentage of 69.13%. Investors also watch the number of corporate investors in a company very closely, which is 194 institutions for Stratasys Ltd. that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at SSYS for having 12.09 Million shares of worth $250.46 Million. And as of December 30, 2020, it was holding 21.35% of the company’s outstanding shares.

The second largest institutional holder is Primecap Management Company, which was holding about 4.89 Million shares on December 30, 2020. The number of shares represents firm’s hold over 8.63% of outstanding shares, having a total worth of $101.29 Million.

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On the other hand, ARK ETF Tr-ARK Innovation ETF and Primecap Odyssey Growth Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2021, the former fund manager was holding 5668530 shares of worth $146.81 Million or 10.01% of the total outstanding shares. The later fund manager was in possession of 2.64 Million shares on January 30, 2021, making its stake of worth around $109.71 Million in the company or a holder of 4.67% of company’s stock.

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