Stratasys Ltd (NASDAQ: SSYS) stock jumped 2.03% on Monday to $11.05 against a previous-day closing price of $10.83. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.93 million shares. The 52-week range on SSYS shows that it touched its highest point at $21.72 and its lowest point at $9.95 during that stretch. It currently has a 1-year price target of $16.20. 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 SSYS was up-trending over the past week, with a rise of 7.80%, but this was down by -4.58% over a month. Three-month performance dropped to -23.79% while six-month performance fell -28.66%. The stock lost -22.40% in the past year, while it has lost -6.83% so far this year. A look at the trailing 12-month EPS for SSYS yields -1.61 with Next year EPS estimates of 0.31. For the next quarter, that number is 0.03. This implies an EPS growth rate of -14.32% for this year and 144.83% 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 10.41%.
Float and Shares Shorts:
At present, 67.09 million SSYS shares are outstanding with a float of 59.44 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.12 million, which was 1.62% higher than short shares on Sep 28, 2023. In addition to Mr. Yoav Zeif as the firm’s Chief Executive Officer, Mr. S. Scott Crump serves as its Co-Founder & Director.
Institutional Ownership:
Through their ownership of 56.54% of SSYS’s outstanding shares, institutional investors have majority control over the company.
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. With SSYS analysts setting a high price target of $19.00 and a low target of $15.00, the average target price over the next 12 months is $16.20. Based on these targets, SSYS could surge 71.95% to reach the target high and rise by 35.75% to reach the target low. Reaching the average price target will result in a growth of 46.61% from current levels.
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.
