Does Shapeways Holdings Inc (NASDAQ:SHPW) warrant a purchase right now? What to Consider Before Making a Decision

Shapeways Holdings Inc (NASDAQ:SHPW) shares traded -24.12% lower at $0.37 on Wall Street last session.

SHPW stock price is now -67.11% away from the 50-day moving average and -80.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.45M.

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With the price target of $12, Needham recently initiated with Buy rating for Shapeways Holdings Inc (NASDAQ: 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, Recchi Alberto, Chief Financial Officer sold 3,188 shares of the company’s stock on Mar 12 ’24. The stock was sold for $5,930 at an average price of $1.86. Upon completion of the transaction, the Chief Financial Officer now directly owns 95,728 shares in the company, valued at $35419.36. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Chief Operating Officer Nied Joseph Andrew sold 1,128 shares of the business’s stock. A total of $2,098 was realized by selling the stock at an average price of $1.86. This leaves the insider owning 49,273 shares of the company worth $18231.01. A total of 48.05% of the company’s stock is owned by insiders.

During the past 12 months, Shapeways Holdings Inc has had a low of $0.20 and a high of $5.53. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 2.34, and a quick ratio of 2.13. The fifty day moving average price for SHPW is $1.09982 and a two-hundred day moving average price translates $1.8856 for the stock.

The latest earnings results from Shapeways Holdings Inc (NASDAQ: SHPW) was released for 2023-12-31. The net profit margin was -127.43% and return on equity was -92.82% for SHPW. The company reported revenue of $9.45 million for the quarter, compared to $8.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.56 percent.

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