In the latest trading session,, 1.95 million Stratasys Ltd (NASDAQ:SSYS) shares changed hands as the company’s beta touched 1.26. With the company’s most recent per share price at $9.86 changing hands around $1.47 or 17.52% at last look, the market valuation stands at $694.54M. SSYS’s current price is a discount, trading about -51.42% off its 52-week high of $14.93. The share price had its 52-week low at $6.05, which suggests the last value was 38.64% up since then. When we look at Stratasys Ltd’s average trading volume, we note the 10-day average is 0.63 million shares, with the 3-month average coming to 545.63K.
Analysts gave the Stratasys Ltd (SSYS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SSYS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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Stratasys Ltd (NASDAQ:SSYS) trade information
Instantly SSYS is in green as seen in intraday trades today. With action 22.79%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -30.95%, with the 5-day performance at 22.79% in the green. However, in the 30-day time frame, Stratasys Ltd (NASDAQ:SSYS) is 35.07% up. Looking at the short shares, we see there were 1.55 million shares sold at short interest cover period of 3.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 17.83% from its recent market value. According to analyst projections, SSYS’s forecast low is 11 with 14 as the target high. To hit the forecast high, the stock’s price needs a -41.99% plunge from its current level, while the stock would need to soar -11.56% for it to hit the projected low.
Stratasys Ltd (SSYS) estimates and forecasts
Data shows that the Stratasys Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.54% over the past 6 months, a -100.00% in annual growth rate that is considerably lower than the industry average of 6.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -51.93%. The 2024 estimates are for Stratasys Ltd earnings to decrease by -86.68%, but the outlook for the next 5-year period is at 30.00% per year.
SSYS Dividends
Stratasys Ltd is expected to release its next quarterly earnings report on 2024-Nov-13.
Stratasys Ltd (NASDAQ:SSYS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.35% of Stratasys Ltd shares while 51.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.44%. There are 51.97% institutions holding the Stratasys Ltd stock share, with RUBRIC CAPITAL MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 8.5276% of the shares, roughly 5.97 million SSYS shares worth $50.08 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 5.3139% or 3.72 million shares worth $31.21 million as of 2024-06-30.
