In the latest trading session, 0.98 million Stratasys Ltd (NASDAQ:SSYS) shares changed hands as the company’s beta touched 1.28. With the company’s most recent per share price at $12.19 changing hands around $0.88 or 7.78% at last look, the market valuation stands at $858.67M. SSYS’s current price is a discount, trading about -14.68% off its 52-week high of $13.98. The share price had its 52-week low at $6.05, which suggests the last value was 50.37% up since then. When we look at Stratasys Ltd’s average trading volume, we note the 10-day average is 0.9 million shares, with the 3-month average coming to 707.49K.
Analysts gave the Stratasys Ltd (SSYS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SSYS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Stratasys Ltd’s EPS for the current quarter is expected to be 0.1.
Stratasys Ltd (NASDAQ:SSYS) trade information
Instantly SSYS is in green as seen in intraday trades today. With action 25.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 37.12%, with the 5-day performance at 25.93% in the green. However, in the 30-day time frame, Stratasys Ltd (NASDAQ:SSYS) is 40.11% up. Looking at the short shares, we see there were 1.55 million shares sold at short interest cover period of 3.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need a downside of -10.82% from its recent market value. According to analyst projections, SSYS’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a 9.76% surge from its current level, while the stock would need to tank 9.76% for it to hit the projected low.
Stratasys Ltd (SSYS) estimates and forecasts
Data shows that the Stratasys Ltd 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 54.89% over the past 6 months, a -63.64% in annual growth rate that is considerably lower than the industry average of 0.40%. Year-over-year growth is forecast to reach -8.95% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 149.48M. 5 analysts are of the opinion that Stratasys Ltd’s revenue for the current quarter will be 138.39M. The company’s revenue for the corresponding quarters a year ago was 156.34M and 144.05M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.39%. The estimates for the next quarter sales put growth at -3.93%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -51.93%. The 2025 estimates are for Stratasys Ltd earnings to decrease by -60.00%.
SSYS Dividends
Stratasys Ltd is expected to release its next quarterly earnings report in March.
Stratasys Ltd (NASDAQ:SSYS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.35% of Stratasys Ltd shares while 51.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.44%. There are 51.97% institutions holding the Stratasys Ltd stock share, with RUBRIC CAPITAL MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 8.5276% of the shares, roughly 5.97 million SSYS shares worth $50.08 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 5.3139% or 3.72 million shares worth $31.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Neuberger & Berman Intrinsic Value Fd and Exchange Traded Concepts Tr-Global Robotics & Automation Index ETF. With 1.42 shares estimated at $17.22 million under it, the former controlled 1.99% of total outstanding shares. On the other hand, Exchange Traded Concepts Tr-Global Robotics & Automation Index ETF held about 1.82% of the shares, roughly 1.3 shares worth around $15.75 million.
