Wall Street analysts’ outlook for 3D Systems Corp. (DDD)

With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $4.9900 whereas the lowest price it dropped to was $4.8600. The 52-week range on DDD shows that it touched its highest point at $11.79 and its lowest point at $3.50 during that stretch. It currently has a 1-year price target of $4.90. Beta for the stock currently stands at 1.79.

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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 2.91%, but this was down by -11.29% over a month. Three-month performance surged to 14.32% while six-month performance fell -30.38%. The stock lost -55.84% in the past year, while it has lost -22.05% so far this year. A look at the trailing 12-month EPS for DDD yields -0.74 with Next year EPS estimates of 0.05. For the next quarter, that number is -0.01. This implies an EPS growth rate of 31.83% for this year and 133.68% 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 -10.21%.


Float and Shares Shorts:

At present, 131.21 million DDD shares are outstanding with a float of 129.17 million shares on hand for trading. On Jan 31, 2024, short shares totaled 9.38 million, which was 7.03% higher than short shares on Dec 29, 2023. In addition to Dr. Jeffrey A. Graves Ph.D. as the firm’s President, CEO & Director, Mr. Reji Puthenveetil serves as its Executive Vice President of Industrial Solutions & Chief Commercial Officer.

Institutional Ownership:

Through their ownership of 66.69% of DDD’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 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 $6.00 and a low target of $4.00, the average target price over the next 12 months is $4.90. Based on these targets, DDD could surge 21.21% to reach the target high and fall by -19.19% to reach the target low. Reaching the average price target will result in a decline of -1.01% from current levels.

Summary of Insider Activity:

Insiders traded DDD stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 48,543 shares were bought while 0 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 1,178,265 while 344,277 shares were sold.