Stratasys Ltd. (NASDAQ:SSYS) currently has a daily average trading volume of 500.66K but it saw 303093 shares traded on Wednesday. With a market cap of 972.10M USD, stock’s current market price of $14.26 came rising about 1.13 while comparing to the previous closing price of $14.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.55 and as low as $12.69. In the recent trading on the day, stock has struck highest price mark of $14.28 while lowest mark touched by it was $13.91.
Taking a look at 20-day trading activity of Stratasys Ltd. (SSYS) gives us an average price of $13.96, while its current price level is -50.05% below from 52-week high level whereas it is 12.37% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.15 while that of 200 days or SMA-200 reads an average of $18.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.49% during that period while stretching the period over a month that decreases to 4.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.62 which implies that the stock is in neutral territory.
JP Morgan also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $25 and $23.
Over the week, SSYS’s stock price is moving 0.78% up while it is -2.13% when we observe its performance for the past one month. Year-to-date it is -41.77% down and over the past year, the stock is showing a downside performance of -48.43%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.02 beat the consensus estimate of -$0.01 for the same. The company is expected to be releasing its next quarterly report in 03/01/2023, for which analysts forecasted an EPS of $0.03 while estimate for next year EPS is $0.15. For SSYS, analysts are forecasting an EPS-growth rate of 314.30% for current year and estimate for EPS growth in next year is 126.70%. In next quarter, company is expected to be making quarterly sales of $171.92 million as analysts are expecting the sales for current fiscal year at $666.05 million and seeing the company making $706.01 million in sales next year. Moreover, analysts are in estimates of $164.44 million for current-quarter revenue.
Currently, Stratasys Ltd.’s total number of outstanding shares is 66.78M with 15.59% of that held by the insiders while 62.89% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.40%. It has a 73.51 of forward P/E ratio. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 1.48.
A filing at the U.S. Securities and Exchange Commission revealed that Nikko AM Global Umbrella Fund – A came shrinking its share ownership by -11.59% in the Stratasys Ltd. (SSYS) decreasing its stake to 4.60% with control over -0.4 million shares in the company. As per SEC documents, Nikko AM Global Umbrella Fund – A shunned 3,073,356 of company’s common stock of worth $44.47 million as per recent closing price of the stock. Nikko AM Global Umbrella Fund – A is not the only institutional holder which restructured its stake in Stratasys Ltd., as PRIMECAP Odyssey Growth Fund dumped 1,861,799 shares of worth $26.94 million to bring its holdings to a total of 16400.0 shares. In the most recent quarter, PRIMECAP Odyssey Aggressive Growt came cutting its stake by -0.12% in the company and now holds 1.46 million or 2.19% of the company’s stake having worth of about 21.12 million.