Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.35 on 3D Systems Corporation (NYSE:DDD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.39 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of 3D Systems Corporation (NYSE:DDD) stands at N/A.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For 3D Systems Corporation Common S, the PEG ratio for coming 3-5 years is 3.83.
The technical analysis highlights that 3D Systems Corporation Common S current is trading $0.32 points away or +2.23% from its 50-day moving average of $14.60. Further it is trading $0.93 or +6.66% away its 200-day moving average of $13.99.
The 52-week high of 3D Systems Corporation (NYSE:DDD) was $19.76 while lowest point recorded in 52-week was $6.00. It implies if stock price makes a movement of over $-4.84, it will record a new 52-week high. In the case of +148.67% drop, it will touch a new 52-week low.
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