Ddd stock news
DDD stands for 3D Systems Corporation, a leading provider of 3D printing and digital manufacturing solutions. Here are some recent news and updates about DDD stock:
Recent News:
- Q4 2022 Earnings Report: 3D Systems reported its Q4 2022 earnings on February 22, 2023. The company reported revenue of $173.4 million, a 14% increase year-over-year. Net income was $14.1 million, or $0.14 per diluted share.
- Strategic Partnership: 3D Systems announced a strategic partnership with Siemens Healthineers to develop and commercialize 3D-printed medical models and implants. The partnership aims to accelerate the adoption of 3D printing in the medical industry.
- New 3D Printing Technology: 3D Systems unveiled a new 3D printing technology called the "Figure 4 Standalone", which is designed for high-speed, high-quality 3D printing. The technology is expected to be available in the second half of 2023.
Stock Performance:
As of March 10, 2023, the stock price of 3D Systems (DDD) is around $14.50 per share. The stock has been trading in a range of $12.50 to $16.50 over the past 52 weeks.
Analyst Estimates:
According to Yahoo Finance, the average analyst estimate for 3D Systems' Q1 2023 earnings is $0.14 per share, with a high estimate of $0.17 and a low estimate of $0.11. The average analyst estimate for the company's full-year 2023 earnings is $0.63 per share.
Industry Trends:
The 3D printing industry is expected to continue growing, driven by increasing adoption in various industries such as healthcare, aerospace, and automotive. 3D Systems is well-positioned to benefit from this trend, with its diversified portfolio of 3D printing technologies and solutions.
Risk Factors:
As with any stock, there are risks associated with investing in 3D Systems. Some of the key risks include:
- Competition: The 3D printing industry is highly competitive, with many established players and new entrants.
- Regulatory Risks: The company is subject to various regulations and laws, including those related to intellectual property, data privacy, and environmental sustainability.
- Economic Downturn: Economic downturns can impact demand for 3D printing solutions and services.
It's essential to conduct thorough research and consider these risks before making an investment decision.