3D Systems Corporation (NYSE: DDD) is 7.25% higher on its value in year-to-date trading and has touched a low of $4.60 and a high of $12.77 in the current 52-week trading range. The DDD stock was last observed hovering at around $10.89 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $8.00 for the next 12 months. It is also -2.18% off the consensus price target high of $11.00 offered by 8 analysts, but current levels are -124.8% lower than the price target low of $5.00 for the same period.
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Currently trading at $11.24, the stock is 4.08% and 28.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing 3.21% at the moment leaves the stock 55.93% off its SMA200. DDD registered 27.58% gain for a year compared to 6-month gain of 68.01%. The firm has a 50-day simple moving average (SMA 50) of $9.91 and a 200-day simple moving average (SMA200) of $7.07.
The stock witnessed a 7.46% loss in the last 1 month and extending the period to 3 months gives it a 109.31%, and is 10.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.54% over the week and 6.28% over the month.
3D Systems Corporation (DDD) has around 2472 employees, a market worth around $1.42B and $546.50M in sales. Fwd P/E is 45.51. Profit margin for the company is -24.60%. Distance from 52-week low is 144.35% and -11.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.60%).
3D Systems Corporation (DDD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for 3D Systems Corporation (DDD) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 3.10, where 3 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
3D Systems Corporation is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $139.91M over the same period.The EPS is expected to shrink by -51.60% this year, but quarterly earnings will post -17.10% year-over-year. Quarterly sales are estimated to shrink -15.00% in year-over-year returns.
3D Systems Corporation (DDD) Top Institutional Holders
311 institutions hold shares in 3D Systems Corporation (DDD), with 4.07M shares held by insiders accounting for 3.27% while institutional investors hold 70.32% of the company’s shares. The shares outstanding are 124.14M, and float is at 119.89M with Short Float at 28.60%. Institutions hold 68.02% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 17.79 million shares valued at $87.33 million. The investor’s holdings represent 14.33% of the DDD Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.91 million shares valued at $58.49 million to account for 9.60% of the shares outstanding. The other top investors are Invesco Ltd. which holds 8.53 million shares representing 6.87% and valued at over $41.88 million, while State Street Corporation holds 3.74% of the shares totaling 4.64 million with a market value of $22.78 million.
3D Systems Corporation (DDD) Insider Activity
A total of 30 insider transactions have happened at 3D Systems Corporation (DDD) in the last six months, with sales accounting for 12 and purchases happening 18 times. The most recent transaction is an insider sale by Johnson Andrew Martin, the company’s EVP, Chief Legal Officer & Sec. SEC filings show that Johnson Andrew Martin sold 4,000 shares of the company’s common stock on Dec 23 at a price of $11.94 per share for a total of $47760.0. Following the sale, the insider now owns 0.19 million shares.
3D Systems Corporation disclosed in a document filed with the SEC on Dec 04 that Ellis Menno (EVP, Healthcare Solutions) sold a total of 10,479 shares of the company’s common stock. The trade occurred on Dec 04 and was made at $10.44 per share for $0.11 million. Following the transaction, the insider now directly holds 0.1 million shares of the DDD stock.
Still, SEC filings show that on Nov 24, Johnson Andrew Martin (EVP, Chief Legal Officer & Sec) disposed off 4,000 shares at an average price of $8.00 for $32000.0. The insider now directly holds 199,951 shares of 3D Systems Corporation (DDD).
3D Systems Corporation (DDD): Who are the competitors?
The company’s main competitors (and peers) include HP Inc. (HPQ) that is trading 20.81% up over the past 12 months. 3M Company (MMM) is -2.09% down on the 1-year trading charts. Short interest in the company’s stock has fallen -12.28% from the last report on Nov 12, 2020 to stand at a total of 38.5 million short shares sold with a short interest ratio of 10.86.