3D Systems Corp. (NYSE: DDD) is -29.92% lower on its value in year-to-date trading and has touched a low of $3.50 and a high of $11.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DDD stock was last observed hovering at around $4.25 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $4.45, the stock is -0.96% and -7.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing 4.71% at the moment leaves the stock -25.69% off its SMA200. DDD registered -54.87% loss for a year compared to 6-month gain of 1.37%. The firm has a 50-day simple moving average (SMA 50) of $1.33 and a 200-day simple moving average (SMA200) of -$9.69.
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The stock witnessed a -14.91% loss in the last 1 month and extending the period to 3 months gives it a -34.46%, and is 0.23% 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 5.03% over the week and 6.52% over the month.
3D Systems Corp. (DDD) has around 2032 employees, a market worth around $593.76M and $488.07M in sales. Fwd P/E is 2293.81. Profit margin for the company is -75.90%. Distance from 52-week low is 27.14% and -59.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.62%).
3D Systems Corp. quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $108.48M over the same period.The EPS is expected to grow by 49.83% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -15.30% in year-over-year returns.
333 institutions hold shares in 3D Systems Corp. (DDD), with institutional investors hold 68.94% of the company’s shares. The shares outstanding are 133.62M, and float is at 129.21M with Short Float at 7.24%. Institutions hold 66.78% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 21.75 million shares valued at $215.96 million. The investor’s holdings represent 16.29% of the DDD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.9 million shares valued at $138.02 million to account for 10.41% of the shares outstanding. The other top investors are Invesco Ltd. which holds 6.3 million shares representing 4.72% and valued at over $62.52 million, while State Street Corporation holds 4.32% of the shares totaling 5.76 million with a market value of $57.21 million.
3D Systems Corp. (DDD) Insider Activity
The most recent transaction is an insider purchase by ERICKSON THOMAS W, the company’s Director. SEC filings show that ERICKSON THOMAS W bought 50,000 shares of the company’s common stock on Nov 28 ’23 at a price of $5.30 per share for a total of $0.27 million. Following the purchase, the insider now owns 0.26 million shares.
3D Systems Corp. disclosed in a document filed with the SEC on Nov 21 ’23 that ERICKSON THOMAS W (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 21 ’23 and was made at $4.57 per share for $0.23 million. Following the transaction, the insider now directly holds 0.21 million shares of the DDD stock.
Still, SEC filings show that on May 31 ’23, Puthenveetil Reji (EVP, Industrial Solutions) disposed off 18,434 shares at an average price of $8.00 for $0.15 million. The insider now directly holds 206,982 shares of 3D Systems Corp. (DDD).
