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.
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.
Through their ownership of 56.54% of SSYS’s outstanding shares, institutional investors have majority control over the company.
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.