The stock of 3D Systems Corporation (NYSE:DDD) is now priced at $5.41 and the shares are 0.1 points up or 1.88% higher compared to its previous closing price of $5.31. The stock had 2.357 million contracts set over the past session. DDD shares’ daily volume is compared to its average trading volume at 2.248 million shares. However, it has a float of 117 million and although its performance was -0.73% over the week, it’s one to watch. Analysts have given the DDD stock a yearly average price target of $7.8 per share. It means the stock’s upside potential is 44.18% with the DDD share price recently placing at $5.2303 to $5.48. However, some brokerage firms have priced the stock below the average, including one that has called $5.

The shorts are running away from the 3D Systems Corporation stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the DDD shares have declined. Short interest in the stock represents just 33.85% of its float, but the volume has dropped by 0.

In the last trading session, 3D Systems Corporation (NYSE:DDD) dropped by -$0.04 over the week and lost -$1.18 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $12.56. The stock recorded its established 52-week high on 02/19/20.

Since 08/27/20, the stock has traded to a low of $5.19 at 4.24%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.51. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, 3D Systems Corporation’s two-week RSI is 35.39. This suggests that the stock is neutral at the moment and that DDD shares’ price movement remains stable. The stochastic readings are equally revealing at 16.94% meaning the DDD share price is currently in overbought territory.

The technical chart shows that the DDD stock will likely settle at between $5.52 and $5.62 per share. However, if the stock dips below $5.27, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $5.12.

Analysts at Maxim Group assigned DDD a rating of Neutral in their resuming review released on July 16. B. Riley FBR analysts downgraded their recommendation of the stock from Neutral to Sell while keeping its target price at $10 to $4 in a flash note released to investors on March 19. Piper Sandler seeing the stock struggling downgraded it from Overweight to Neutral on January 28 placing it at $12.

The average rating for the DDD equity is 3.67 and is currently gathering a bearish momentum. Of 7 analysts tracking 3D Systems Corporation polled by Reuters, 2 rated DDD as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 4 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the DDD stock price is 35.36X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 16.1. 3D Systems Corporation has its P/E ratio at 1.4, which means that the stock is currently trading at a discount relative to the 4 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for 3D Systems Corporation (NYSE:DDD) will decrease by about -99.9%, which will see them reach $114 million. The company’s full-year revenues are, however, expected to diminish by about -22.97%, down from $629 million to $485 million. DDD’s expected adjusted earnings should surge almost 100% to end up at -$0.08 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 250% to record -$0.28/share.