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Now Is The Time To Build A Position In 3D Systems Corporation (NYSE: DDD)

3D Systems Corporation (NYSE:DDD)’s traded shares stood at 3.12 million during the last session, with the company’s beta value hitting 1.76. At the close of trading, the stock’s price was $10.00, to imply a decrease of -5.21% or -$0.55 in intraday trading. The DDD share’s 52-week high remains $17.83, putting it -78.3% down since that peak but still an impressive 29.8% since price per share fell to its 52-week low of $7.02. The company has a valuation of $1.32B, with an average of 1.22 million shares in intraday trading volume over the past 10 days and average of 1.27 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for 3D Systems Corporation (DDD), translating to a mean rating of 3.10. Of 9 analyst(s) looking at the stock, 2 analyst(s) give DDD a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.08.

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3D Systems Corporation (NYSE:DDD) trade information

After registering a -5.21% downside in the last session, 3D Systems Corporation (DDD) has traded red over the past five days. The stock hit a weekly high of 10.70 this Friday, 03/17/23, dropping -5.21% in its intraday price action. The 5-day price performance for the stock is -2.25%, and -14.24% over 30 days. With these gigs, the year-to-date price performance is 35.14%. Short interest in 3D Systems Corporation (NYSE:DDD) saw shorts transact 10.22 million shares and set a 8.94 days time to cover.

Analysts on Wall Street suggest a consensus price target of $10.33, implying an increase of 3.19% to the stock’s current value. The extremes give us $7.00 and $14.00 for target low and target high price respectively. As such, DDD has been trading -40.0% off suggested target high and 30.0% from its likely low.

3D Systems Corporation (DDD) estimates and forecasts

Looking at statistics comparing 3D Systems Corporation share performance against respective industry, we note that the company has underperformed competitors. 3D Systems Corporation (DDD) shares are 8.93% up over the last 6 months, with its year-to-date growth rate lower than industry average at -43.48% against -10.40%. Revenue is forecast to shrink -188.90% this quarter before falling -33.30% for the next one. The rating firms project that company’s revenue will shrink -12.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is $133.94 million. Meanwhile, for the quarter ending Mar 2023, a total of 6 analyst(s) estimate revenue growth to $128.14 million.Earnings reports from the last fiscal year show that sales brought in $150.87 million and $133 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.20% before dropping -3.70% in the following quarter.

DDD Dividends

3D Systems Corporation has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. 3D Systems Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

3D Systems Corporation (NYSE:DDD)’s Major holders

3D Systems Corporation insiders hold 2.38% of total outstanding shares, with institutional holders owning 68.00% of the shares at 69.66% float percentage. In total, 68.00% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 21.26 million shares (or 16.21% of shares), all amounting to roughly $169.69 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 13.48 million shares, or about 10.28% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $107.6 million.

We also have iShares Core S&P Smallcap ETF and Invesco Global Opportunities Fund as the top two Mutual Funds with the largest holdings of the 3D Systems Corporation (DDD) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 9.73 million shares. This is just over 7.42% of the total shares, with a market valuation of $71.99 million. Data from the same date shows that the other fund manager holds a little less at 5.0 million, or 3.81% of the shares, all valued at about 44.15 million.

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