In yesterday’s Wall Street session, 3D Systems Corp. (NYSE:DDD) shares traded at $2.14, down -8.15% from the previous session.
DDD stock price is now -32.11% away from the 50-day moving average and -49.79% away from the 200-day moving average. The market capitalization of the company currently stands at $285.84M.
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With the price target of $8.50, Cantor Fitzgerald recently initiated with Overweight rating for 3D Systems Corp. (NYSE: DDD). On August 17, 2022, Credit Suisse recently initiated its ‘Underperform’ rating on the stock quoting a target price of $8, while ‘Lake Street’ rates the stock as ‘Buy’
In other news, ERICKSON THOMAS W, Director bought 50,000 shares of the company’s stock on Nov 28 ’23. The stock was bought for $265,000 at an average price of $5.30. Upon completion of the transaction, the Director now directly owns 257,294 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, Director ERICKSON THOMAS W bought 50,000 shares of the business’s stock. A total of $228,400 was incurred on buying the stock at an average price of $4.57. This leaves the insider owning 207,294 shares of the company worth $0.44 million. A total of 2.95% of the company’s stock is owned by insiders.
During the past 12 months, 3D Systems Corp. has had a low of $2.26 and a high of $6.85. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 3.46, and a quick ratio of 2.42. The fifty day moving average price for DDD is $3.1236 and a two-hundred day moving average price translates $4.25155 for the stock.
The latest earnings results from 3D Systems Corp. (NYSE: DDD) was released for 2024-06-30. The net profit margin was -78.14% and return on equity was -65.04% for DDD. The company reported revenue of $113.25 million for the quarter, compared to $128.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.66 percent.
