3D Systems Corp (NYSE:DDD) Is Up 20.95% Over The Past 30 Days: Could Trouble Be Ahead?

In last trading session, 3D Systems Corp (NYSE:DDD) saw 3.31 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $3.58 trading at -$0.22 or -5.79% at ring of the bell on the day assigns it a market valuation of $485.52M. That closing price of DDD’s stock is at a discount of -91.34% from its 52-week high price of $6.85 and is indicating a premium of 51.96% from its 52-week low price of $1.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.64 million shares which gives us an average trading volume of 3.24 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 2.20. 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 -0.11 in the current quarter.

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3D Systems Corp (NYSE:DDD) trade information

Upright in the red during last session for losing -5.79%, in the last five days DDD remained trading in the green while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $3.58 price level, adding 15.17% to its value on the day. 3D Systems Corp’s shares saw a change of -43.62% in year-to-date performance and have moved 6.23% in past 5-day. 3D Systems Corp (NYSE:DDD) showed a performance of 20.95% in past 30-days. Number of shares sold short was 8.48 million shares which calculate 3.75 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.88 to the stock, which implies a rise of 7.61% to its current value. Analysts have been projecting 3.75 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -4.75% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.75% for stock’s current value.

3D Systems Corp (DDD) estimates and forecasts

Statistics highlight that 3D Systems Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 0.28% of value to its shares in past 6 months, showing an annual growth rate of -111.54% while that of industry is -65.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -8.81% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 114.96M for the same. And 5 analysts are in estimates of company making revenue of 104.89M in the next quarter. Company posted 114.85M and 102.91M 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 -110.62% 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 2.91% of company’s total shares while institution are holding 55.28 percent of that, with stock having share float percentage of 56.94%. Investors also watch the number of corporate investors in a company very closely, which is 55.28% 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.