3D Systems Corp. [DDD] stock prices are up 1.57% to $4.52 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DDD shares have gain 12.44% over the last week, with a monthly amount drifted -1.95%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, 3D Systems Announces Additional Partial Repurchase of Convertible Senior Notes. In a post published today on Yahoo Finance, Repurchasing approximately $110 million of 0% coupon, convertible senior notes at approximately 22% discount to par value.
From an analyst’s perspective:
3D Systems Corp. [NYSE: DDD] stock has seen the most recent analyst activity on February 13, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $8.50. Previously, Credit Suisse started tracking the stock with Underperform rating on August 17, 2022, and set its price target to $8. On March 01, 2022, Lake Street reiterated its Buy rating and revised its price target to $29 on the stock. JP Morgan reiterated its Underweight rating and decreased its price target to $18 on March 01, 2022. Craig Hallum reiterated its recommendation of a Hold and reduced its price target to $18 on March 01, 2022. BofA Securities reiterated a Underperform rating for this stock on March 01, 2022, and upped its price target to $23. In a note dated March 01, 2022, B. Riley Securities reiterated an Neutral rating on this stock and revised its target price from $24 to $22.
The stock price of 3D Systems Corp. [DDD] has been fluctuating between $3.50 and $11.53 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. 3D Systems Corp. [NYSE: DDD] shares were valued at $4.52 at the most recent close of the market. An investor can expect a potential return of 209.73% based on the average DDD price forecast.
Analyzing the DDD fundamentals
The 3D Systems Corp. [NYSE:DDD] reported sales of 488.07M for trailing twelve months, representing a drop of -13.47%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.85%, Pretax Profit Margin comes in at -0.76%, and Net Profit Margin reading is -0.76%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.58 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.92.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.40 points at the first support level, and at 4.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.64, and for the 2nd resistance point, it is at 4.77.
3D Systems Corp. [DDD] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of -$0.1 and a surprise factor of -1,000.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of -$0.08 per share, a difference of $0.09 representing a surprise of 112.50%.
Ratios To Look Out For
It’s worth pointing out that 3D Systems Corp. [NYSE:DDD]’s Current Ratio is 4.30. On the other hand, the Quick Ratio is 3.24, and the Cash Ratio is 2.29. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 1.44.
Transactions by insiders
Recent insider trading involved ERICKSON THOMAS W, Director, that happened on Nov 28 ’23 when 50000.0 shares were purchased. Director, ERICKSON THOMAS W completed a deal on Nov 21 ’23 to buy 50000.0 shares. Meanwhile, EVP, Industrial Solutions Puthenveetil Reji sold 18434.0 shares on May 31 ’23.
