Stocks of Shapeways Holdings Inc. (NYSE:SHPW) traded higher last session on Wall Street, down -1.37% to $0.58.
According to the data, Shapeways Holdings Inc. (NYSE:SHPW) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.75 and a low of $1.00, we find $1.15. Given the previous closing price of $0.59, this indicates a potential upside of 94.92 percent. SHPW stock price is now 1.48% away from the 50-day moving average and -43.21% away from the 200-day moving average. The market capitalization of the company currently stands at $28.39M.
A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $1.30 as their price target over the next twelve months.
With the price target of $12, Needham recently initiated with Buy rating for Shapeways Holdings Inc. (NYSE: SHPW). On October 26, 2021, Craig Hallum recently initiated its ‘Buy’ rating on the stock quoting a target price of $13, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Nied Joseph Andrew, Chief Operating Officer bought 5,000 shares of the company’s stock on Dec 08. The stock was bought for $2,987 at an average price of $0.60. Upon completion of the transaction, the Chief Operating Officer now directly owns 438,526 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Director Campbell Leslie C.G. bought 50,000 shares of the business’s stock. A total of $31,440 was incurred on buying the stock at an average price of $0.63. This leaves the insider owning 137,828 shares of the company worth $79940.24. Insiders disposed of 571,223 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 3.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SHPW stock. A new stake in Shapeways Holdings Inc. shares was purchased by AWM INVESTMENT COMPANY, INC. during the first quarter worth $955,000. RENAISSANCE TECHNOLOGIES LLC invested $121,000 in shares of SHPW during the first quarter. In the first quarter, G2 INVESTMENT PARTNERS MANAGEMENT LLC acquired a new stake in Shapeways Holdings Inc. valued at approximately $64,000. TOWNSQUARE CAPITAL LLC acquired a new stake in SHPW for approximately $7,000. UBS GROUP AG purchased a new stake in SHPW valued at around $5,000 in the second quarter. In total, there are 34 active investors with 48.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $0.6000 for Shapeways Holdings Inc. (NYSE: SHPW). During the past 12 months, Shapeways Holdings Inc. has had a low of $0.50 and a high of $3.82. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.00, and a quick ratio of 5.90. The fifty day moving average price for SHPW is $0.5734 and a two-hundred day moving average price translates $1.0245 for the stock.
The latest earnings results from Shapeways Holdings Inc. (NYSE: SHPW) was released for Jun, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.1 by 0.01. This compares to $0.07 EPS in the same period last year. The net profit margin was -47.80% and return on equity was -19.60% for SHPW. The company reported revenue of $8.45 million for the quarter, compared to $7.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.5 percent. For the current quarter, analysts expect SHPW to generate $8.44M in revenue.
Shapeways Holdings Inc.(SHPW) Company Profile
Shapeways Holdings, Inc. facilitates the design, manufacture, and sale of 3D printed products in the United States, Europe, and internationally. The company offers an end-to-end digital manufacturing platform on which the users can transform digital designs into physical products under the Otto brand. It provides additive manufacturing services, such as 3D printing, rapid prototyping, and design services; and traditional manufacturing services, including injection molding, sheet metal, urethane and vacuum casting, CNC machining, and machine tooling. It also offers selective laser sintering materials, which include nylon 12, thermoplastic polyurethane, nylon 11, nylon 6 mineral filled, and polypropylene; binder jetting materials consisting of stainless steel and sandstone; multi-jet fusion materials; stereolithography materials, such as accura 60, accura xtreme, and accura xtreme white 200; selective laser melting material, including aluminum; material jetting materials, such as fine detail plastic, multi-color polyjet, and high definition full color; and wax casting materials comprising copper, platinum, gold, silver, bronze, brass, rhodium plated brass, and gold plated brass. The company serves the medical, consumer, robotics, architecture, aerospace, gaming, drones, education, and jewelry industries. Shapeways Holdings, Inc. was founded in 2008 and is based in Long Island City, New York.