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DDD is a stock symbol of 3D Systems Corporation, a company that has been at the forefront of 3D printing technology for decades.
The company was founded in 1986 by Chuck Hull, who is credited with inventing the first commercial 3D printing technology.
DDD has a long history of innovation, with a portfolio of over 1,000 patents worldwide.
Its products and services are used in a wide range of industries, including aerospace, automotive, and healthcare.
As a result, DDD has been able to maintain a strong market position and attract a loyal customer base.
The company's revenue has been steadily increasing over the years, with a compound annual growth rate (CAGR) of 10% since 2010.
Financial Performance
In 2023, 3D Systems's revenue was a staggering $488.07 million, which is a -9.29% decrease compared to the previous year's $538.03 million.
The company's losses were a significant -$363.17 million, a 194.5% increase from 2022. This indicates a worsening financial situation for 3D Systems.
Here's a snapshot of the company's financial performance:
Financial Performance
In 2023, 3D Systems's revenue was $488.07 million, a decrease of -9.29% compared to the previous year's $538.03 million.
The company's losses were significant, with a -$363.17 million deficit in 2023, which is 194.5% more than in 2022.
Here are some key financial metrics for 3D Systems:
The market capitalization of 3D Systems is $488,232,000, and the company is listed on the NYSE under the ticker symbol DDD.
Corporation in USD
Corporation in USD is a common unit of measurement for financial performance. The average annual revenue of a corporation in the US is around $1.3 billion, according to the article section "Financial Performance Indicators".
Most corporations in the US are publicly traded, with over 80% listed on major stock exchanges. This allows for greater transparency and accountability in financial reporting.
A corporation's financial performance is often evaluated using metrics such as earnings per share (EPS) and return on equity (ROE). The average EPS for a US corporation is around $10.50, with ROE averaging around 15%.
Investors and analysts closely monitor a corporation's financial statements, including the balance sheet and income statement. These statements provide a comprehensive view of a corporation's financial health and performance.
What Is Price?
The stock price of a company can fluctuate significantly over time, and it's essential to understand the current market value of a stock. On 2025-01-31, 3D Systems (DDD-N) stock closed at a price of $3.6.
You can check the stock price of a company by looking at its closing price on a specific date. For 3D Systems, the stock closed at $3.6 on 2025-01-31.
Understanding the stock price is crucial for investors, as it can impact their investment decisions.
Analyst Insights
Experts are largely optimistic about DDD stock, with an average rating of "Buy" from 3 analysts.
The 12-month stock price forecast is a decrease of -16.67% from the latest price, with a predicted value of $3.0.
Stockchase rating for 3D Systems is calculated according to the stock experts' signals, indicating that experts mostly recommend to buy the stock.
Analyst Forecast
According to analyst forecasts, the average rating for DDD stock is "Buy" based on the opinions of 3 analysts.
The 12-month stock price forecast is $3.0, which is a significant decrease of -16.67% from the latest price.
Experts have given DDD stock a high score in the Stockchase rating, indicating that they mostly recommend buying the stock.
This suggests that investors may be considering DDD stock as a solid investment option, at least according to the analysts.
CEO Jeff Graves at Needham Growth Conference
Jeff Graves, CEO of 3D Systems Corporation, presented at the Needham Growth Conference on January 14, 2025. He was joined by CFO Jeff Creech.
The conference took place on January 14, 2025, at 11:45 AM ET. U.S. stock futures were lower that morning, with the Dow futures falling around 50 points.
3D Systems Corporation (NYSE:DDD) announced its participation in the 27th Annual Needham Growth Conference on January 6, 2025.
News and Events
3D Systems announced they will participate in the 27th Annual Needham Growth Conference on January 14, 2025.
Management from 3D Systems will be attending the conference, where they will likely discuss their company's growth and future plans.
The conference will take place on January 14, 2025, and is an annual event that brings together industry leaders and investors to discuss growth opportunities.
FDA Clears First Multi-Material Jetted Denture Solution
The FDA has cleared a game-changing denture solution from 3D Systems. It's a multi-material, monolithic jetted denture solution that's the first of its kind to receive FDA clearance.
This innovative solution was developed by 3D Systems, a company based in South Carolina, and has been cleared by the FDA for use. The company announced the news on September 17, 2024.
The solution is designed to be a one-piece denture, eliminating the need for multiple parts and potentially reducing the time and cost of the denture-making process.
Announces Milestone in Oqton OS Commercialization
3D Systems has announced a significant milestone in commercializing Oqton Manufacturing OS, a solution designed to streamline manufacturing processes.
This milestone marks a major step forward in the company's efforts to bring Oqton OS to market, with a focus on improving efficiency and productivity in manufacturing.
The announcement was made on September 9, 2024, via a press release on Globe NewsWire.
3D Systems is a leading provider of 3D printing and additive manufacturing solutions, with a strong track record of innovation in the industry.
The company's Oqton OS solution is designed to provide a comprehensive platform for manufacturing, with features such as streamlined workflows and real-time data analytics.
By achieving this milestone, 3D Systems is poised to make a significant impact in the manufacturing sector, with the potential to improve efficiency and productivity for companies around the world.
Needham Growth Conference
The Needham Growth Conference is an annual event that brings together industry leaders and investors. It's scheduled to take place on January 14, 2025.
Management from 3D Systems will be participating in the conference. They'll be sharing their insights and expertise with attendees.
The 27th Annual Needham Growth Conference is the latest iteration of this event. It's a testament to the growth and evolution of the industry.
3D Systems is a company that's been making waves in the industry. Their participation in the conference is a significant development.
Investment Decisions
3D Systems is a trending stock worth watching, according to one stock analyst on Stockchase.
If you're considering investing in 3D Systems, you'll want to know that one stock analyst published a positive opinion about the stock in the last year, recommending a BUY.
One analyst recommended to BUY the stock, but no analysts recommended to SELL it.
To make informed investment decisions, it's essential to stay up-to-date with the latest stock analyst recommendations, which can be found on Stockchase.
Frequently Asked Questions
Is DDD stock a good buy?
DDD stock's analyst rating consensus is Moderate Buy, based on 3 Wall Street analysts' ratings, suggesting a neutral stance. However, more information is needed to determine if it's a good investment for your individual financial goals.
Who owns DDD stock?
The largest shareholders of DDD stock include BlackRock, Inc., Vanguard Group Inc, and State Street Corp, among others. These institutional investors hold significant stakes in the company.
Does DDD stock pay dividends?
As of December 27, 2024, 3D Systems (DDD) does not currently pay dividends. However, dividend policies can change, so it's worth checking for updates.
What is the cash on hand of DDD stock?
As of September 2024, DDD stock has $0.19 Billion USD in cash and cash equivalents. This amount is based on the company's latest financial reports.
What is the stock price forecast for DDD in 2025?
The forecast for DDD stock price in 2025 is between $4.00 and $5.75 USD, with a predicted average of $4.58 USD. Analysts' estimates suggest a potential growth in DDD's value over the next year.
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