A look into 3D Systems Corporation (DDD)’s deeper side

3D Systems Corporation (NYSE: DDD) stock fell -5.78% on Friday to $8.31 against a previous-day closing price of $8.82. With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $8.77 whereas the lowest price it dropped to was $8.27. The 52-week range on DDD shows that it touched its highest point at $34.97 and its lowest point at $8.78 during that stretch. It currently has a 1-year price target of $11.69. Beta for the stock currently stands at 1.44.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DDD was down-trending over the past week, with a drop of -9.48%, but this was down by -18.53% over a month. Three-month performance dropped to -20.63% while six-month performance fell -47.50%. The stock lost -71.34% in the past year, while it has lost -61.42% so far this year. A look at the trailing 12-month EPS for DDD yields 1.82 with Next year EPS estimates of -0.06. For the next quarter, that number is -0.07. This implies an EPS growth rate of 300.40% for this year and 76.00% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.50%.

Float and Shares Shorts:

At present, 127.70 million DDD shares are outstanding with a float of 127.04 million shares on hand for trading. On Jul 14, 2022, short shares totaled 11.76 million, which was 9.02% higher than short shares on Jun 14, 2022. In addition to Dr. Jeffrey A. Graves Ph.D. as the firm’s Pres, CEO & Director, Mr. Andrew Martin Johnson serves as its Exec. VP, Chief Legal Officer & Sec.

Institutional Ownership:

Through their ownership of 67.72% of DDD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.92% of DDD, in contrast to 21.40% held by mutual funds. Shares owned by individuals account for 10.39%. As the largest shareholder in DDD with 14.45% of the stake, BlackRock Fund Advisors holds 18,830,618 shares worth 18,830,618. A second-largest stockholder of DDD, The Vanguard Group, Inc., holds 13,244,205 shares, controlling over 10.17% of the firm’s shares. Invesco Advisers, Inc. is the third largest shareholder in DDD, holding 5,005,838 shares or 3.84% stake. With a 7.39% stake in DDD, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 9,629,952 shares are owned by the mutual fund manager. The Invesco Global Opportunities Fund, which owns about 3.84% of DDD stock, is the second-largest Mutual Fund holder. It holds 5,000,000 shares valued at 50.65 million. Vanguard Total Stock Market Index holds 2.84% of the stake in DDD, owning 3,705,185 shares worth 37.53 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DDD since 9 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DDD analysts setting a high price target of $15.50 and a low target of $8.00, the average target price over the next 12 months is $10.25. Based on these targets, DDD could surge 86.52% to reach the target high and fall by -3.73% to reach the target low. Reaching the average price target will result in a growth of 23.35% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DDD will report FY 2022 earnings on 02/27/2023. Analysts have provided yearly estimates in a range of -$0.17 being high and -$0.30 being low. For DDD, this leads to a yearly average estimate of -$0.24. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. 3D Systems Corporation surprised analysts by -$0.07 when it reported -$0.07 EPS against a consensus estimate of -$0.00. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.08.

Summary of Insider Activity:

Insiders traded DDD stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 3,092 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 55 over the past year. The total number of shares bought during that period was 721,939 while 462,934 shares were sold.

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