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Monday, January 30, 2023

Investing In 3D Systems Corporation (NYSE: DDD): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for 3D Systems Corporation (DDD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.10%, to $10.12. The 3D Systems Corporation has recorded 46,785 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed 3D Systems Expands Selective Laser Sintering Portfolio through Strategic Partnership with Wematter.

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Stocks Info

The company is listed on the NYSE and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $10.13 and fluctuated between $10.36 as its day high and $10.01 as its day low. The current market capitalization of 3D Systems Corporation is $1.30B. A total of 0.92 million shares were traded on the day, compared to an average of 1.30M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, DDD has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 19,237 shares. Over the last 12 months, there were 31 BUYs and 54 SELLs from insiders. Insiders purchased 852,901 shares during that period but sold 454,424.

In the most recent transaction, GRAVES JEFFREY A bought 10,000 shares of DDD for 9.50 per share on Nov 28. After the transaction, the President and CEO now owns 569,181 company shares. In a previous transaction on Nov 25, GRAVES JEFFREY A bought 10,000 shares at 9.70 per share. DDD shares that President and CEO owns now total 559,181.

Among the insiders who sold shares, Johnson Andrew Martin disposed of 6,767 shares on Sep 09 at a per-share price of $10.06. This resulted in the EVP, Chief Legal Officer & Sec holding 186,221 shares of DDD after the transaction. In another insider transaction, HULL CHARLES W sold 26,386 shares at $10.95 per share on Jun 08. Company shares held by the EVP & CTO (Regenerative Med) now total 51,634.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DDD in the last 3 months, the mean price target is $9.44 with high estimates of $14.00 and low estimates of $7.00. In terms of 52-week highs and lows, DDD has a high of $24.15 and a low of $7.61.

As of this writing, DDD has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.11.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DDD is Hold with a score of 2.25. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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