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Wednesday, February 1, 2023

3D Systems Corporation (DDD): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 -$0.03, or -0.37%, to $7.98. The 3D Systems Corporation has recorded 29,622 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that 3D Systems Announces Appointment of Bert Bruce to Medical Advisory Board.

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Stocks Info

This NYSE-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $8.01 and fluctuated between $8.02 as its day high and $7.63 as its day low. The current market capitalization of 3D Systems Corporation is $1.03B. A total of 0.86 million shares were traded on the day, compared to an average of 1.34M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DDD has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 81,849 and the disposition of 17,065 shares. Over the last 12 months, there were 35 BUYs and 53 SELLs from insiders. Insiders purchased 934,750 shares during that period but sold 402,750.

In the most recent transaction, Johnson Andrew Martin sold 7,787 shares of DDD for 9.39 per share on Dec 09. After the transaction, the EVP, Chief Legal Officer & Sec now owns 178,434 company shares. In a previous transaction on Nov 28, GRAVES JEFFREY A bought 10,000 shares at 9.50 per share. DDD shares that President and CEO owns now total 569,181.

Among the insiders who bought shares, GRAVES JEFFREY A acquired of 10,000 shares on Nov 25 at a per-share price of $9.70. This resulted in the President and CEO holding 559,181 shares of DDD after the transaction. In another insider transaction, Johnson Andrew Martin sold 6,767 shares at $10.06 per share on Sep 09. Company shares held by the EVP, Chief Legal Officer & Sec now total 186,221.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $22.12 and a low of $7.02.

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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

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. 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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