It is Poised to be a Bull Market for 3D Systems Corp. (DDD)

With 5.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.48 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $2.63 whereas the lowest price it dropped to was $2.4. The 52-week range on DDD shows that it touched its highest point at $6.85 and its lowest point at $1.72 during that stretch. It currently has a 1-year price target of $3.06. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DDD was up-trending over the past week, with a rise of 33.67%, but this was up by 7.38% over a month. Three-month performance dropped to -26.20% while six-month performance fell -39.63%. The stock lost -48.22% in the past year, while it has lost -58.74% so far this year. A look at the trailing 12-month EPS for DDD yields -2.67 with Next year EPS estimates of -0.15. For the next quarter, that number is -0.09. This implies an EPS growth rate of -76.96% for this year and 67.85% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -47.15%.

Float and Shares Shorts:

At present, 133.62 million DDD shares are outstanding with a float of 128.51 million shares on hand for trading. On 2024-08-30, short shares totaled 15.61 million, which was 1169.0000000000002 higher than short shares on 1722384000. In addition to Dr. Jeffrey Alan Graves Ph.D. as the firm’s President, CEO & Director, Mr. Reji Puthenveetil serves as its Executive Vice President of Industrial Solutions, Additive Solutions & Chief Commercial Officer.

Institutional Ownership:

Through their ownership of 0.65479 of DDD’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, DDD reported revenue of $113252000.0 and operating income of -$26412000.0. The EBITDA in the recently reported quarter was -$16761000.0 and diluted EPS was -$0.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DDD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.