3D Systems Corp. Shares Rise 5.61% From The Lows – But Will They Continue?

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In recent trading session, 3D Systems Corp. (NYSE:DDD) saw 0.59 million shares changing hands at last check today with its beta currently measuring 1.67. Company’s recent per share price level of $1.96 trading at $0.07 or 3.70% at last check today assigns it a market valuation of $261.80M. That most recent trading price of DDD’s stock is at a discount of -249.49% from its 52-week high price of $6.85 and is indicating a premium of 5.61% from its 52-week low price of $1.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.27 million shares which gives us an average trading volume of 2.48 million if we extend that period to 3-months.

For 3D Systems Corp. (DDD), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.43. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.

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3D Systems Corp. (NYSE:DDD) trade information

Upright in the green today for gaining 3.70%, in the last five days DDD remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $1.96 price level, adding 18.67% to its value on the day. 3D Systems Corp.’s shares saw a change of -69.13% in year-to-date performance and have moved -14.78% in past 5-day. 3D Systems Corp. (NYSE:DDD) showed a performance of -30.25% in past 30-days. Number of shares sold short was 13.78 million shares which calculate 7.21 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8.88 to the stock, which implies a rise of 77.92% to its recent value today. Analysts have been projecting 3.75 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -91.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -91.33% for stock’s current value.

3D Systems Corp. (DDD) estimates and forecasts

Statistics highlight that 3D Systems Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -56.64% of value to its shares in past 6 months, showing an annual growth rate of 23.08% while that of industry is 19.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.40% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 117.93M for the same. And 6 analysts are in estimates of company making revenue of 126.3M in the next quarter. Company posted nan and 114.85M of sales in current and next quarters respectively a year earlier.

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 -47.15% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -59.01% while estimates for its earnings growth in next 5 years are of 30.00%.

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

Insiders are in possession of 2.57% of company’s total shares while institution are holding 65.48 percent of that, with stock having share float percentage of 67.21%. Investors also watch the number of corporate investors in a company very closely, which is 65.48% institutions for 3D Systems Corp. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at DDD for having 22.22 million shares of worth $68.21 million. And as of 2024-06-30, it was holding 17.0095 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 11.81 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.0393 of outstanding shares, having a total worth of $36.25 million.