Stratasys Ltd. (NASDAQ: SSYS) stock fell -2.49% on Wednesday to $14.88 against a previous-day closing price of $15.26. With 0.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.64 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $15.27 whereas the lowest price it dropped to was $14.85. The 52-week range on SSYS shows that it touched its highest point at $21.44 and its lowest point at $11.03 during that stretch. It currently has a 1-year price target of $19.17. Beta for the stock currently stands at 1.40.
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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 SSYS was down-trending over the past week, with a drop of -6.88%, but this was up by 3.77% over a month. Three-month performance surged to 11.54% while six-month performance rose 3.33%. The stock lost -19.17% in the past year, while it has gained 25.46% so far this year. A look at the trailing 12-month EPS for SSYS yields -0.44 with Next year EPS estimates of 0.40. For the next quarter, that number is 0.00. This implies an EPS growth rate of 55.40% for this year and 135.88% for next year. EPS is expected to grow by 54.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.40%.
Float and Shares Shorts:
At present, 67.74 million SSYS shares are outstanding with a float of 55.97 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.79 million, which was 1.15% higher than short shares on Mar 30, 2023. In addition to Mr. Yoav Zeif as the firm’s Chief Exec. Officer, Mr. David Reis serves as its Vice Chairman.
Institutional Ownership:
Through their ownership of 58.39% of SSYS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.54% of SSYS, in contrast to 28.35% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SSYS with 5.68% of the stake, Neuberger Berman Investment Advis holds 3,883,301 shares worth 3,883,301. A second-largest stockholder of SSYS, Excellence Investments Ltd., holds 3,838,162 shares, controlling over 5.61% of the firm’s shares. PRIMECAP Management Co. is the third largest shareholder in SSYS, holding 3,175,749 shares or 4.64% stake. With a 4.49% stake in SSYS, the Nikko AM Global Umbrella Fund – A is the largest stakeholder. A total of 3,073,356 shares are owned by the mutual fund manager. The PRIMECAP Odyssey Growth Fund, which owns about 2.71% of SSYS stock, is the second-largest Mutual Fund holder. It holds 1,854,849 shares valued at 26.64 million. Robo Global Robotics & Automation holds 2.07% of the stake in SSYS, owning 1,412,989 shares worth 20.29 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, SSYS reported revenue of $166.60M and operating income of -$23.55M. The EBITDA in the recently reported quarter was -$8.91M and diluted EPS was -$0.37.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SSYS 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.
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 SSYS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
