On September 21, 2023, the U.S. Department of the Air Force selected 3D Systems Inc. as the recipient of a lucrative contract valued at $10,758,261.00. The aim of this contract is to develop an advanced technology demonstrator for a large format metal 3D printer. The goal is to develop a state-of-the-art printer that can produce large metal parts specifically designed for the aerospace industry.
The importance of this job lies in the printer’s ability to produce intricate and complex geometries that were previously challenging or even unachievable using traditional manufacturing methods. By harnessing the power of 3D printing, the Air Force aims to improve its manufacturing capabilities and reduce its dependence on foreign suppliers in line with its modernization efforts.
It is worth noting that this is not the first time that 3D Systems Inc. has been awarded a contract from the US Air Force. Back in 2015, the company received two significant contracts from the US Air Force Research Laboratory and America Makes Development. Additionally, 3D Systems Inc. has been actively involved in various other 3D printing initiatives for the US military, including a project to develop a 3D printing solution for the US Navy.
3D Systems Corporation
DDD
Buy
Updated on: September 21, 2023
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Date: September 21, 2023
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Analyst Ratings
| Analyst / Company | Evaluation |
|---|---|
|
Noelle Dilts |
Buy |
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Performance of DDD shares on September 21, 2023: Stable with slight decline, positive profit growth expected
The performance of DDD shares was relatively stable on September 21, 2023, with a slight loss in value. The shares opened at $4.80, slightly below the previous day’s closing price of $4.85. During the day, the stock traded in a range of $4.66 to $4.80. Trading volume was 1,507,884 shares, below the last three months’ average volume of 2,045,334 shares. The company’s market capitalization was $678.5 million.
In terms of profit growth, DDD recorded a significant decline of -136.81% in the previous year. However, this year the company managed to turn things around with positive earnings growth of +35.93%. Going forward, the company is expected to maintain a steady growth rate of 30.00% over the next five years.
DDD’s revenue growth was -12.61% last year. DDD’s price-to-sales ratio is 1.76.
DDD’s price-to-book ratio is 0.89.
In terms of overall market sentiment, DDD’s performance as of September 21, 2023 was relatively in line with other companies in the technology services sector. Kornit Digital Ltd (KRNT) saw a decline of -3.99%, while Quad/Graphics Inc (QUAD) saw a slight increase of +1.57%. ARC Document Solutions (ARC) also saw a decline of -2.73%.
Looking forward, DDD’s next reporting date is scheduled for November 8, 2023. Analysts forecast earnings per share (EPS) of -$0.03 for the current quarter. Last year, the company reported annual revenue of $538.0 million but posted a net loss of -$123.3 million. The net profit margin for DDD is -22.92%.
DDD operates in the technology services sector, particularly the information technology services industry. The company’s headquarters are in Rock Hill, South Carolina.
In summary, DDD stock performance was relatively stable as of September 21, 2023, with a slight decline in value. The company posted positive earnings growth this year and is expected to continue growing over the next five years. However, the decline in sales and current net loss suggest that the company has challenges to overcome.
D Systems Corp (DDD) stock performance is on the rise, with analysts predicting an impressive rise
On September 21, 2023, 3D Systems Corp (DDD) saw a significant increase in stock performance. According to data from CNN Money, the median price target forecast by four analysts for the next 12 months was $8.50, with a high estimate of $11.50 and a low estimate of $6.50. This median estimate represents an impressive 81.43% increase from the last recorded price of $4.68.
Coming to the financials, 3D Systems Corp reported earnings per share of -$0.03 for the current quarter. The company’s revenue was $137.2 million during the same period.
Investors should keep in mind that the cutoff date for these numbers is November 8th. However, they do provide some insight into the company’s financial position.
Overall, the forecast increase in the share price suggests that analysts have a positive outlook for 3D Systems Corp in the coming months. However, the Hold rating from investment analysts suggests that there may be some uncertainty or caution surrounding the stock. Investors should consider these factors and conduct further research before making investment decisions.