3D Systems Corporation (NYSE: DDD) stock jumped 1.66% on Tuesday to $8.55 against a previous-day closing price of $8.41. With 0.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.15 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 $8.34. The 52-week range on DDD shows that it touched its highest point at $13.52 and its lowest point at $7.02 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.75.
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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 up-trending over the past week, with a rise of 3.14%, but this was down by -6.86% over a month. Three-month performance dropped to -20.02% while six-month performance fell -12.58%. The stock lost -17.79% in the past year, while it has gained 15.54% so far this year. A look at the trailing 12-month EPS for DDD yields -0.98 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.05. This implies an EPS growth rate of -137.80% for this year and 120.00% for next year.
Float and Shares Shorts:
At present, 129.16 million DDD shares are outstanding with a float of 127.93 million shares on hand for trading. On Apr 27, 2023, short shares totaled 10.39 million, which was 7.97% higher than short shares on Mar 30, 2023. In addition to Dr. Jeffrey A. Graves Ph.D. as the firm’s Pres, CEO & Director, Mr. Michael Turner serves as its Exec. VP, CFO & Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 67.90% of DDD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.33% of DDD, in contrast to 21.72% held by mutual funds. Shares owned by individuals account for 11.01%. As the largest shareholder in DDD with 15.12% of the stake, BlackRock Fund Advisors holds 19,831,007 shares worth 19,831,007. A second-largest stockholder of DDD, The Vanguard Group, Inc., holds 13,839,058 shares, controlling over 10.55% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in DDD, holding 5,779,154 shares or 4.41% stake. With a 7.24% stake in DDD, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 9,496,246 shares are owned by the mutual fund manager. The Invesco Global Opportunities Fund, which owns about 3.81% of DDD stock, is the second-largest Mutual Fund holder. It holds 5,000,000 shares valued at 45.8 million. Vanguard Total Stock Market ETF holds 2.94% of the stake in DDD, owning 3,852,133 shares worth 35.29 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DDD reported revenue of $140.04M and operating income of -$32.04M. The EBITDA in the recently reported quarter was -$21.16M and diluted EPS was -$0.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DDD since 0 analysts follow the stock currently. 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 $12.00 and a low target of $7.00, the average target price over the next 12 months is $9.00. Based on these targets, DDD could surge 40.35% to reach the target high and fall by -18.13% to reach the target low. Reaching the average price target will result in a growth of 5.26% 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.
Summary of Insider Activity:
Insiders traded DDD stock several times over the past three months with 8 Buys and 6 Sells. In these transactions, 572,706 shares were bought while 40,394 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 946,982 while 259,732 shares were sold.
