The stock of 3D Systems Corp. (DDD) has seen a -5.19% decrease in the past week, with a 22.90% gain in the past month, and a 8.96% flourish in the past quarter. The volatility ratio for the week is 7.62%, and the volatility levels for the past 30 days are at 6.50% for DDD. The simple moving average for the past 20 days is -0.79% for DDD’s stock, with a -17.42% simple moving average for the past 200 days.
Is It Worth Investing in 3D Systems Corp. (NYSE: DDD) Right Now?
DDD has 36-month beta value of 1.71. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for DDD is 129.31M, and currently, short sellers hold a 9.18% ratio of that float. The average trading volume of DDD on August 01, 2024 was 1.96M shares.
DDD) stock’s latest price update
3D Systems Corp. (NYSE: DDD) has experienced a rise in its stock price by 0.55 compared to its previous closing price of 3.63. However, the company has seen a fall of -5.19% in its stock price over the last five trading days. investorplace.com reported 2024-07-26 that Investing in 3D bioprinting stocks is a highly speculative and specialized approach to the biotech industry in general. That’s because it blends two relatively niche technologies to create a broader application that may be part of the future of surgery and medical treatments.
Analysts’ Opinion of DDD
Many brokerage firms have already submitted their reports for DDD stocks, with Cantor Fitzgerald repeating the rating for DDD by listing it as a “Overweight.” The predicted price for DDD in the upcoming period, according to Cantor Fitzgerald is $8.50 based on the research report published on February 13, 2024 of the current year 2024.
Credit Suisse, on the other hand, stated in their research note that they expect to see DDD reach a price target of $8. The rating they have provided for DDD stocks is “Underperform” according to the report published on August 17th, 2022.
Lake Street gave a rating of “Buy” to DDD, setting the target price at $29 in the report published on March 01st of the previous year.
DDD Trading at 0.80% from the 50-Day Moving Average
After a stumble in the market that brought DDD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.73% of loss for the given period.
Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 7.62%, as shares surge +23.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.54% lower at present.
During the last 5 trading sessions, DDD fell by -5.19%, which changed the moving average for the period of 200-days by -7.83% in comparison to the 20-day moving average, which settled at $3.71. In addition, 3D Systems Corp. saw -42.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DDD starting from ERICKSON THOMAS W, who purchase 50,000 shares at the price of $5.30 back on Nov 28 ’23. After this action, ERICKSON THOMAS W now owns 257,294 shares of 3D Systems Corp., valued at $265,000 using the latest closing price.
ERICKSON THOMAS W, the Director of 3D Systems Corp., purchase 50,000 shares at $4.57 during a trade that took place back on Nov 21 ’23, which means that ERICKSON THOMAS W is holding 207,294 shares at $228,400 based on the most recent closing price.
Stock Fundamentals for DDD
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.41 for the gross margin
The net margin for 3D Systems Corp. stands at -0.76. The total capital return value is set at -0.14. Equity return is now at value -63.72, with -30.68 for asset returns.
Based on 3D Systems Corp. (DDD), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is -2.6.
Currently, EBITDA for the company is -68.18 million with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 4.78for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.30.
Conclusion
To put it simply, 3D Systems Corp. (DDD) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
