Stratasys Ltd. (NASDAQ:SSYS) currently has a daily average trading volume of 656.85K but it saw 1550999 shares traded on Thursday. With a market cap of 986.65M USD, stock’s current market price of $14.26 came falling about -4.17 while comparing to the previous closing price of $14.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.44 and as low as $11.03. In the recent trading on the day, stock has struck highest price mark of $16.00 while lowest mark touched by it was $14.15.
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Taking a look at 20-day trading activity of Stratasys Ltd. (SSYS) gives us an average price of $14.74, while its current price level is -33.48% below from 52-week high level whereas it is 29.23% 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 $14.97 while that of 200 days or SMA-200 reads an average of $14.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.39% during that period while stretching the period over a month that decreases to 3.86%. 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 42.99 which implies that the stock is in neutral territory.
Stratasys Ltd. (SSYS)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $15.00 and $22.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $15.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $22.00. Average price target assigned by them is $19.33 which highlights an upside potential of 26.23% for the stock over that period. And to attain the median price target of $19.50 assigned by those analysts, stock has to add about 26.87% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SSYS’s stock price is moving -9.23% down while it is 1.64% when we observe its performance for the past one month. Year-to-date it is 20.24% up and over the past year, the stock is showing a downside performance of -19.25%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.02 beat the consensus estimate of -$0.06 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.17. For SSYS, analysts are forecasting an EPS-growth rate of 13.30% for current year and estimate for EPS growth in next year is 141.20%. In next quarter, company is expected to be making quarterly sales of $162.98 million as analysts are expecting the sales for current fiscal year at $643.09 million and seeing the company making $695.78 million in sales next year. Moreover, analysts are in estimates of $154.27 million for current-quarter revenue.
Currently, Stratasys Ltd.’s total number of outstanding shares is 67.74M with 14.31% of that held by the insiders while 58.39% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2.40%. It has a 35.56 of forward P/E ratio. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 1.51.
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 4.49% with control over -0.4 million shares in the company. As per SEC documents, Nikko AM Global Umbrella Fund – A sought 3,073,356 of company’s common stock of worth $44.13 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 picked 1,854,849 shares of worth $26.64 million to bring its holdings to a total of 0.17 million shares.
