3D Systems Corporation (NYSE:DDD) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $9. The average forecast of all the analysts is $13.61 and the expected standard deviation is $5.01.
3D Systems Corporation has dropped 1.65% in the last five trading days, however, the shares have posted positive gains of 1.33% in the last 4 weeks. 3D Systems Corporation has dropped 9.46% during the last 3-month period . Year-to-Date the stock performance stands at 57.54%. Also, FBR Capital initiates coverage on 3D Systems Corporation (NYSE:DDD). FBR Capital has a Market Perform rating on the shares. The rating by the firm was issued on May 24, 2016.
3D Systems Corporation (NYSE:DDD) : 14 analysts are covering 3D Systems Corporation (NYSE:DDD) and their average rating on the stock is 3.29, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
3D Systems Corporation (NYSE:DDD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.85 and $12.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.69, notching a gain of 6.29% for the day. The total traded volume was 4,022,478 . The stock had closed at $12.88 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of 3d Systems Corp, Loewenbaum G Walter Ii, had purchased 20,000 shares in a transaction dated on May 12, 2016. The transaction was executed at $12.07 per share with total amount equaling $241,400.
3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation, training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design, including 3D digital design, scan-to-computer-aided design (CAD), scan-to-print, reverse engineering, inspection, sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services, digitizing scanners and simulation products. The Company operates in the Americas, Europe, the Middle East and the Asia Pacific regions.