3D Systems Corp (NYSE: DDD)’s stock price has soared by 1.05 in relation to previous closing price of 2.96. Nevertheless, the company has seen a loss of -12.02% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-17 that 3D Systems is a world leader in 3D printing and offers a complete portfolio of metal and plastic materials. It enjoys a solid positioning in the healthcare segment (dental, prosthesis, and regenerative medicine). As the sector makes losses and consolidates, the firm could reinforce its positioning.
Is It Worth Investing in 3D Systems Corp (NYSE: DDD) Right Now?
The 36-month beta value for DDD is at 1.67. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 10 as “hold,” and 3 as “sell.”
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The public float for DDD is 128.42M, and currently, shorts hold a 7.31% of that float. The average trading volume for DDD on November 19, 2024 was 3.22M shares.
DDD’s Market Performance
The stock of 3D Systems Corp (DDD) has seen a -12.02% decrease in the past week, with a 0.04% rise in the past month, and a 15.49% gain in the past quarter. The volatility ratio for the week is 11.69%, and the volatility levels for the past 30 days are at 7.90% for DDD. The simple moving average for the past 20 days is -6.34% for DDD’s stock, with a -14.73% 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 2.06% 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 -56.33% of loss for the given period.
Volatility was left at 7.90%, however, over the last 30 days, the volatility rate increased by 11.69%, as shares surge +3.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.32% upper at present.
During the last 5 trading sessions, DDD fell by -11.62%, which changed the moving average for the period of 200-days by -34.82% in comparison to the 20-day moving average, which settled at $3.19. In addition, 3D Systems Corp saw -52.89% 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 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is -3.01.
Currently, EBITDA for the company is -313.69 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. 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 conclusion, 3D Systems Corp (DDD) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
