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.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *