Cantor Fitzgerald has recently initiated 3D Systems Corp (DDD) stock to Overweight rating, as announced on February 13, 2024, according to Finviz. Earlier, on August 17, 2022, Credit Suisse had initiated the stock to Underperform, setting a price target of $8. Lake Street also reiterated Buy rating with a price target of $29. Additionally, JP Morgan reiterated Underweight rating on March 1, 2022, with a target price of $18. Craig Hallum analysts, in their report published on March 1, 2022, also reiterated Hold rating and set a price target of $18 for 3D Systems Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
3D Systems Corp (DDD) Stock Trading Recap
On Tuesday, 3D Systems Corp (DDD) stock saw a decline, ending the day at $2.72 which represents a decrease of $-0.07 or -2.51% from the prior close of $2.79. The stock opened at $2.76 and touched a low of $2.63 during the day, reaching a high of $2.8. The volume of shares traded was 4.21 million exceeding the average volume of 3.32 million.
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DDD Stock Performance and Moving Averages
In recent trading, 3D Systems Corp (DDD) stock price has shown some volatility, fluctuating -20.70% over the last five trades and -19.76% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -21.39%, and it has gained 43.92% in the previous three months. Currently, DDD is trading at -14.69%, -10.61%, and -20.39% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DDD, a Technology sector stock, is trading -60.29% below its 52-week high but remains 58.14% above its 52-week low. The Average True Range (ATR) (14 days) of 0.25 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
3D Systems Corp’s Profitability and Valuation Ratios
3D Systems Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of -31.41% and a profit margin of -117.65%, with a gross margin of -21.39%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, 3D Systems Corp’s market capitalization stands at $368.89 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.83, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.68, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.86% of 3D Systems Corp (DDD)’s shares, while financial institutions hold 52.38%.
