At Current Prices, 3D Systems Corp (NYSE: DDD) Worth A Patient Look?

3D Systems Corp (NYSE:DDD)’s traded shares stood at 2.21 million during the last session, with the company’s beta value hitting 1.65. At the close of trading, the stock’s price was $2.97, to imply an increase of 4.58% or $0.13 in intraday trading. The DDD share’s 52-week high remains $6.85, putting it -130.64% down since that peak but still an impressive 42.09% since price per share fell to its 52-week low of $1.72. The company has a valuation of $396.71M, with an average of 2.8 million shares in intraday trading volume over the past 10 days and average of 3.22 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for 3D Systems Corp (DDD), translating to a mean rating of 2.33. Of 1 analyst(s) looking at the stock, 0 analyst(s) give DDD a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 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 -0.09.

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3D Systems Corp (NYSE:DDD) trade information

After registering a 4.58% upside in the last session, 3D Systems Corp (DDD) has traded red over the past five days. The 5-day price performance for the stock is -11.08%, and -2.94% over 30 days. With these gigs, the year-to-date price performance is -53.23%. Short interest in 3D Systems Corp (NYSE:DDD) saw shorts transact 9.39 million shares and set a 4.64 days time to cover.

The extremes give us $3.75 and $14 for target low and target high price respectively. As such, DDD has been trading -371.38% off suggested target high and -26.26% from its likely low.

3D Systems Corp (DDD) estimates and forecasts

Looking at statistics comparing 3D Systems Corp share performance against respective industry, we note that the company has underperformed competitors. 3D Systems Corp (DDD) shares are -19.07% down over the last 6 months, with its year-to-date growth rate lower than industry average at -80.77% against -52.30%. Revenue is forecast to shrink -1,050.00% this quarter before jumping 51.52% for the next one. The rating firms project that company’s revenue will shrink -7.34% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 113.65M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 119.65M.Earnings reports from the last fiscal year show that sales brought in 123.79M and 114.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.19% before jumping 4.18% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -47.15% for the past 5-year period. While 2024 is set for a -76.96% return in earnings, projections for the next 5 years are at 30.00% annually.

DDD Dividends

3D Systems Corp has its next earnings report out on 2024-Nov-25. 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 Corp (NYSE:DDD)’s Major holders

3D Systems Corp insiders hold 2.91% of total outstanding shares, with institutional holders owning 53.84% of the shares at 55.46% float percentage. In total, 53.84% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 22.22 million shares (or 17.0095% of shares), all amounting to roughly $68.21 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 11.81 million shares, or about 9.0393% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $36.25 million.