Stratasys Ltd (NASDAQ:SSYS) shares, rose in value, with the stock price up by 15.63% to the previous day’s close as strong demand from buyers drove the stock to $11.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.72. Referring to stock’s 52-week performance, its high was $12.88, and the low was $6.05. On the whole, SSYS has fluctuated by 28.89% over the past month.
With the market capitalization of Stratasys Ltd currently standing at about $806.80 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 571.19M, with a low estimate of 132.22M and a high estimate of 135.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 134.11M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSYS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SSYS currently trading nearly 18.83% and 15.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.67, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 3.98%. Furthermore, Stratasys Ltd (SSYS)’s beta value is 1.52, and its average true range (ATR) is 0.47.
A comparison of Stratasys Ltd (SSYS) with its peers suggests the former has fared considerably weaker in the market. SSYS showed an intraday change of 15.63% in today’s session so far, and over the past year, it grew by 14.22%%.
Data on historical trading for Stratasys Ltd (NASDAQ:SSYS) indicates that the trading volumes over the past 3 months, they’ve averaged 486.61K. According to company’s latest data on outstanding shares, there are 71.72 million shares outstanding.
Nearly 37.26% of Stratasys Ltd’s shares belong to company insiders and institutional investors own 55.73% of the company’s shares. The stock has risen by 26.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSYS stock heading into the next quarter.
