3D Systems Corp (NYSE: DDD)’s stock price has gone rise by 13.00 in comparison to its previous close of 3.00, however, the company has experienced a 17.30% increase in its stock price over the last five trading days. fool.com reported 2024-10-22 that The aggressive growth icon kicked off the new trading week by buying some of her favorite stocks.
Is It Worth Investing in 3D Systems Corp (NYSE: DDD) Right Now?
The 36-month beta value for DDD is also noteworthy at 1.65. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 10 rating it as “hold,” and 3 rating it as “sell.”
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The public float for DDD is 128.45M, and at present, short sellers hold a 8.60% of that float. The average trading volume of DDD on November 04, 2024 was 3.20M shares.
DDD’s Market Performance
DDD stock saw an increase of 17.30% in the past week, with a monthly gain of 23.27% and a quarterly increase of 18.53%. The volatility ratio for the week is 9.19%, and the volatility levels for the last 30 days are 6.39% for 3D Systems Corp (DDD). The simple moving average for the past 20 days is 11.72% for DDD’s stock, with a -6.07% simple moving average for the past 200 days.
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 27.16% 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 -50.51% of loss for the given period.
Volatility was left at 6.39%, however, over the last 30 days, the volatility rate increased by 9.19%, as shares surge +18.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.99% upper at present.
During the last 5 trading sessions, DDD rose by +17.30%, which changed the moving average for the period of 200-days by -29.67% in comparison to the 20-day moving average, which settled at $3.03. In addition, 3D Systems Corp saw -46.61% 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:
- -0.26 for the present operating margin
- 0.42 for the gross margin
The net margin for 3D Systems Corp stands at -0.79. The total capital return value is set at -0.17. Equity return is now at value -65.04, with -31.54 for asset returns.
Based on 3D Systems Corp (DDD), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -3.01.
Currently, EBITDA for the company is -57.03 million with net debt to EBITDA at -1.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.46.
Conclusion
In summary, 3D Systems Corp (DDD) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
