3D Systems Corp (DDD): A Great Stock For Handling Current Market Conditions?

Currently, there are 134.83M common shares owned by the public and among those 130.55M shares have been available to trade.

The company’s stock has a 5-day price change of 18.46% and 54.00% over the past three months. DDD shares are trading 40.85% year to date (YTD), with the 12-month market performance down to -5.13% lower. It has a 12-month low price of $1.72 and touched a high of $5.75 over the same period. DDD has an average intraday trading volume of 2.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 33.47%, 36.88%, and 43.47% respectively.

Institutional ownership of 3D Systems Corp (NYSE: DDD) shares accounts for 53.05% of the company’s 134.83M shares outstanding.

It has a market capitalization of $626.57M and a beta (3y monthly) value of 1.62. The earnings-per-share (ttm) stands at -$3.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.53% over the week and 8.11% over the month.

Earnings per share for the fiscal year are expected to decrease by -110.62%, and 50.27% over the next financial year.

Looking at the support for the DDD, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on February 13, 2024, with the firm’s price target at $8.50. Credit Suisse coverage for the 3D Systems Corp (DDD) stock in a research note released on August 17, 2022 offered a Underperform rating with a price target of $8. Lake Street was of a view on March 01, 2022 that the stock is Buy, while JP Morgan gave the stock Underweight rating on March 01, 2022, issuing a price target of $22- $18. Craig Hallum on their part issued Hold rating on March 01, 2022.

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