During the last session, Stratasys Ltd (NASDAQ:SSYS)’s traded shares were 0.87 million, with the beta value of the company hitting 1.30. At the end of the trading day, the stock’s price was $10.08, reflecting an intraday loss of -6.58% or -$0.71. The 52-week high for the SSYS share is $14.93, that puts it down -48.12 from that peak though still a striking 39.98% gain since the share price plummeted to a 52-week low of $6.05. The company’s market capitalization is $710.04M, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 611.59K shares over the past three months.
Stratasys Ltd (SSYS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. SSYS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
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Stratasys Ltd (NASDAQ:SSYS) trade information
Stratasys Ltd (SSYS) registered a -6.58% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -6.58% in intraday trading to $10.08, hitting a weekly high. The stock’s 5-day price performance is 5.00%, and it has moved by -0.30% in 30 days. Based on these gigs, the overall price performance for the year is -18.31%. The short interest in Stratasys Ltd (NASDAQ:SSYS) is 1.55 million shares and it means that shorts have 3.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.5, which implies an increase of 19.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $14 respectively. As a result, SSYS is trading at a discount of -38.89% off the target high and -9.13% off the low.
Stratasys Ltd (SSYS) estimates and forecasts
Statistics show that Stratasys Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Stratasys Ltd (SSYS) shares have gone up 19.71% during the last six months, with a year-to-date growth rate less than the industry average at -63.64% against 1.50. In the rating firms’ projections, revenue will decrease -8.88% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 149.88M as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 138.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 156.34M and 144.05M respectively. In this case, analysts expect current quarter sales to shrink by -4.13% and then drop by -3.65% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -51.93%. While earnings are projected to return -61.82% in 2024, the next five years will return 30.00% per annum.
SSYS Dividends
Stratasys Ltd is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Stratasys Ltd (NASDAQ:SSYS)’s Major holders
Stratasys Ltd insiders own 19.35% of total outstanding shares while institutional holders control 51.97%, with the float percentage being 64.44%. RUBRIC CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 175.0 institutions own stock in it. As of 2024-06-30, the company held over 5.97 million shares (or 8.5276% of all shares), a total value of $50.08 million in shares.
The next largest institutional holding, with 3.72 million shares, is of NEUBERGER BERMAN GROUP LLC’s that is approximately 5.3139% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $31.21 million.
