Stocks of Stratasys Ltd. (NASDAQ:SSYS) traded higher last session on Wall Street, up 1.27% to $19.10.
SSYS stock price is now 19.52% away from the 50-day moving average and 32.21% away from the 200-day moving average. The market capitalization of the company currently stands at $1.28B.
With the price target maintained at $15, Needham recently Upgraded its rating from Hold to Buy for Stratasys Ltd. (NASDAQ: SSYS).
A total of 14.31% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SSYS stock. A new stake in Stratasys Ltd. shares was purchased by MURCHINSON LTD. during the first quarter worth $5,182,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. invested $3,066,000 in shares of SSYS during the first quarter. In the first quarter, TIG ADVISORS, LLC acquired a new stake in Stratasys Ltd. valued at approximately $1,566,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in SSYS for approximately $457,000. CIM INVESTMENT MANAGEMENT INC purchased a new stake in SSYS valued at around $385,000 in the second quarter. In total, there are 226 active investors with 56.10% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $19.14 for Stratasys Ltd. (NASDAQ: SSYS). During the past 12 months, Stratasys Ltd. has had a low of $11.03 and a high of $21.44. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.30, and a quick ratio of 2.30. The fifty day moving average price for SSYS is $16.07 and a two-hundred day moving average price translates $14.47 for the stock.
The latest earnings results from Stratasys Ltd. (NASDAQ: SSYS) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at $0.02, beating analysts’ expectations of -$0.06 by 0.08. This compares to -$0.32 EPS in the same period last year. The net profit margin was -4.70% and return on equity was -3.20% for SSYS. The company reported revenue of $149.38 million for the quarter, compared to $163.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.6 percent. For the current quarter, analysts expect SSYS to generate $154.27M in revenue.
Stratasys Ltd.(SSYS) Company Profile
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare. The company provides consumable materials including 3D printing materials comprising FDM, polyjet, and stereolithography materials for manufacturing applications, such as jigs and fixtures, investment casting, and injection mold or composite tooling applications. In addition, it offers software and services, which includes cloud, desktop and mobile technologies comprising GrabCAD, an additive manufacturing platform to manage production-scale operations; and GrabCAD Print, job programming software enables the unique features of 3D printing technologies, such as creating lightweight, structurally sound infills for FDM, and multi-material and color and material management for polyjet. The company also provides GrabCAD Shop including scheduling, remote monitoring, and analytics; GrabCAD Connect provides two-way SDK integration for third-party software applications; and GrabCAD Community, an online community of professional engineers, designers, manufacturers and students who share their practices through tutorials, discussion forums, design/print challenges, and 3D content. Further, it offers GrabCAD Streamline Shop, which simplifies 3D printing shop workflow; GrabCAD Streamline Software Development Kit (SDK) to support enterprise goals such as system connectivity, compliance, and workflow automation; and Grab CAD Software Partner program for independent software vendors. The company sells its products through a network of resellers and independent sales agents worldwide. Stratasys Ltd. is headquartered in Eden Prairie, Minnesota.
