In the latest trading session, 0.53 million 3D Systems Corp (NYSE:DDD) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $3.43 changed hands at -$0.07 or -1.86% at last look, the market valuation stands at $459.29M. DDD’s current price is a discount, trading about -99.71% off its 52-week high of $6.85. The share price had its 52-week low at $1.72, which suggests the last value was 49.85% up since then. When we look at 3D Systems Corp’s average trading volume, we note the 10-day average is 4.02 million shares, with the 3-month average coming to 2.83 million.
Analysts gave the 3D Systems Corp (DDD) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended DDD as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. 3D Systems Corp’s EPS for the current quarter is expected to be -0.11.
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3D Systems Corp (NYSE:DDD) trade information
Instantly DDD was in red as seen in intraday trades today. With action -13.26%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -45.91%, with the 5-day performance at -13.26% in the red. However, in the 30-day time frame, 3D Systems Corp (NYSE:DDD) is 6.68% up. Looking at the short shares, we see there were 8.48 million shares sold at short interest cover period of 3.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.88, meaning bulls need an upside of 11.6% from its recent market value. According to analyst projections, DDD’s forecast low is 3.75 with 4 as the target high. To hit the forecast high, the stock’s price needs a -16.62% plunge from its current level, while the stock would need to soar -9.33% for it to hit the projected low.
3D Systems Corp (DDD) estimates and forecasts
Data shows that the 3D Systems Corp 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 10.45% over the past 6 months, a -111.54% in annual growth rate that is considerably lower than the industry average of -65.90%. Year-over-year growth is forecast to reach -8.81% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 114.96M. 5 analysts are of the opinion that 3D Systems Corp’s revenue for the current quarter will be 104.89M. The company’s revenue for the corresponding quarters a year ago was 114.85M and 102.91M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.10%. The estimates for the next quarter sales put growth at 1.93%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -47.15%. The 2024 estimates are for 3D Systems Corp earnings to decrease by -110.62%, but the outlook for the next 5-year period is at 30.00% per year.
DDD Dividends
3D Systems Corp is expected to release its next quarterly earnings report in January.
3D Systems Corp (NYSE:DDD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.91% of 3D Systems Corp shares while 55.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.94%. There are 55.28% institutions holding the 3D Systems Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 17.0095% of the shares, roughly 22.22 million DDD shares worth $68.21 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.0393% or 11.81 million shares worth $36.25 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 4.17 shares estimated at $14.1 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.40% of the shares, roughly 3.25 shares worth around $11.0 million.
