3D Systems Corp (NYSE:DDD) has a beta value of 1.63 and has seen 0.86 million shares traded in the recent trading session. The company, currently valued at $512.08M, closed the recent trade at $3.89 per share which meant it lost -$0.08 on the day or -2.02% during that session. The DDD stock price is -76.09% off its 52-week high price of $6.85 and 55.78% above the 52-week low of $1.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.98 million shares traded. The 3-month trading volume is 3.31 million shares.
The consensus among analysts is that 3D Systems Corp (DDD) is Hold stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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3D Systems Corp (NYSE:DDD) trade information
Sporting -2.02% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DDD stock price touched $3.89 or saw a rise of 7.82%. Year-to-date, 3D Systems Corp shares have moved -38.74%, while the 5-day performance has seen it change 19.33%. Over the past 30 days, the shares of 3D Systems Corp (NYSE:DDD) have changed 36.97%. Short interest in the company has seen 8.48 million shares shorted with days to cover at 3.75.
Wall Street analysts have a consensus price target for the stock at $3.88, which means that the shares’ value could drop -0.26% from the levels at last check today. The projected low price target is $3.75 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -2.83% off the targeted high while a plunge would see the stock lose 3.6% from the levels at last check today.
3D Systems Corp (DDD) estimates and forecasts
Figures show that 3D Systems Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 9.58% over the past 6 months, with this year growth rate of -111.54%, compared to -65.90% for the industry. Revenue growth from the last financial year stood is estimated to be -8.81%.
5 analysts offering their estimates for the company have set an average revenue estimate of 114.96M for the current quarter. 5 have an estimated revenue figure of 104.89M for the next ending quarter. Year-ago sales stood 114.85M and 102.91M respectively for this quarter and the next, and analysts expect sales will grow by 0.10% for the current quarter and -8.81% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -47.15% over the past 5 years. Earnings growth for 2024 is a modest -110.62% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
DDD Dividends
3D Systems Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
3D Systems Corp (NYSE:DDD)’s Major holders
Insiders own 2.91% of the company shares, while shares held by institutions stand at 55.28% with a share float percentage of 56.94%. Investors are also buoyed by the number of investors in a company, with 3D Systems Corp having a total of 317.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 22.22 million shares worth more than $68.21 million. As of 2024-06-30, BLACKROCK INC. held 17.0095% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 11.81 million shares as of 2024-06-30. The firm’s total holdings are worth over $36.25 million and represent 9.0393% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 3.08% shares in the company for having 4.17 shares of worth $16.07 million while later fund manager owns 3.29 shares of worth $12.67 million as of Sep 30, 2024, which makes it owner of about 2.43% of company’s outstanding stock.
