Do you suggest to buy ddd share?
8/15/2024 11:39am
**3D Systems (DDD) does not appear to be a compelling buy at this time**, and here's why:
1. **Recent Price Decline**: The stock experienced a significant price drop of 8.24% to $2.34 on August 14, 2024. This recent decline could be indicative of market sentiment or broader market trends affecting the stock.
|Ticker|Name|Date|Closing Price|Percentage Change|code|market_code|
|---|---|---|---|---|---|---|
|DDD.N|3D Systems|20240814|2.34|-8.235294117647058|DDD|169|
2. **Technical Indicators Suggest Caution**: The stock's technical indicators show mixed signals. The MACD is negative at -0.23, which could suggest a bearish trend. The RSI is at 24.73, which is close to the oversold threshold of 30, indicating that the stock may be undervalued but also potentially risky.
|Ticker|Name|Date|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|
|DDD.N|3D Systems|20240814|24.7345|8.0466|-0.2319|DDD|169|
3. **Financial Performance Concerns**: The company's financial performance is concerning, with a net loss of $300.53 million and a diluted EPS of -$2.3 for the quarter ending December 31, 2023. The net income year-on-year growth rate is a staggering -1073.62%, and the diluted EPS QoQ growth rate is -2455.56%. This indicates that the company is facing significant profitability issues.
|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|code|market_code|
|---|---|---|---|---|---|---|---|
|DDD.N|3D Systems|2023 Q4|1.14848E8|-3.00528E8|-2.3|DDD|169|
|Ticker|Name|Date|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Net Income year-on-year growth rate|code|market_code|
|---|---|---|---|---|---|---|---|
|DDD.N|3D Systems|20231231|-13.473766687761806|-2455.5555555555557|-1073.6165892138868|DDD|169|
4. **Analyst Sentiments**: Despite the negative financials, the consensus rating is a "Buy" with an average price target of $4.13, which is above the current price, suggesting potential upside. However, this may not be enough to outweigh the concerns about the company's financial health.
5. **Institutional Activity**: There have been some institutional purchases, such as Price T Rowe Associates Inc. MD's increase in holdings, which could be seen as a positive sign. However, the sale by Quadrature Capital Ltd and BNP Paribas Financial Markets could be interpreted as a lack of confidence from these institutions.
6. **Market Sector**: The stock belongs to the Information Technology sector and Technology Hardware, Storage & Peripherals industry, which can be volatile and sensitive to market trends.
In conclusion, while the stock is currently undervalued according to the RSI, the recent price decline, poor financial performance, and mixed institutional activity suggest that potential investors should exercise caution. It is important to consider the high risk associated with such a stock before making an investment decision.