3D Systems Corporation (DDD) is an interesting player in the Technology space, with a focus on Computer Peripherals. The stock has been active on the tape, currently trading at $14.50, up from yesterday’s close by 0.97%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
3D Systems Corporation (DDD) currently trades with a market capitalization of $1.66 Billion. That value represents a market adjusting for revenues that have been growing by 6.05 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$31 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.01 on a per share basis this quarter. Perhaps, that suggests something about why 4.39% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how DDD has been acting. Looking at the stock’s movement on the chart, 3D Systems Corporation recorded a 52-week high of $22.57. It is now trading 8.07% off that level. The stock is trading $11.95 its 50-day moving average by -2.55%. The stock carved out a 52-week low down at $7.92.
In recent action, 3D Systems Corporation (DDD) has made a move of +18.66% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 31.31% with $109.52 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DDD.