Stratasys Ltd. (NASDAQ:SSYS – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,770,000 shares, a growth of 18.8% from the May 31st total of 1,490,000 shares. Based on an average trading volume of 535,900 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the shares of the company are sold short.
Stratasys Stock Performance
Shares of SSYS opened at $8.30 on Tuesday. The stock has a market capitalization of $578.18 million, a P/E ratio of -4.54 and a beta of 1.21. Stratasys has a 1 year low of $8.02 and a 1 year high of $21.72. The company’s fifty day moving average is $9.12 and its two-hundred day moving average is $11.33.
Stratasys (NASDAQ:SSYS – Get Free Report) last released its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Sell-side analysts predict that Stratasys will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Stratasys
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SSYS shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Stratasys in a report on Thursday, May 30th. StockNews.com assumed coverage on shares of Stratasys in a report on Sunday. They issued a “buy” rating for the company. Needham & Company LLC decreased their target price on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Craig Hallum dropped their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday.
Check Out Our Latest Stock Report on Stratasys
About Stratasys
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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