On May 3, 2023, Stratasys (NASDAQ:SSYS) was the epicenter of a buzz in the financial market. The technology company recently received a “buy” rating from the equities researchers at StockNews.com. This announcement came on Wednesday and marked an exciting chapter for Stratasys and its investors.
The positive rating follows Stratasys’ recent earnings results released on March 2nd, which showcased impressive financial growth. The technology company’s reported EPS of ($0.03) for the quarter surpassed the consensus estimates of ($0.11) by $0.08. These figures were indicative of significant positive developments within the organization.
Even though Stratasys had experienced negative net margin and return on equity during that time frame, it did not deter the analysts’ high hopes for this business’s future performance in the market. In Q1 alone, they managed to generate revenue of $159.26 million – exceeding expectations that were set at $157.21 Million.
Moving forward, analyst predictions suggest that Stratasys is expected to post a deficit of -0.31 earnings per share for the current year; however, it is vital to note that this prediction reflects only short-term trends in terms of profitability.
Stratasys has positioned itself as one of the leaders in additive manufacturing over recent years, introducing innovative technologies aimed at revolutionizing various industries such as aerospace and healthcare among others.
Investors into Stratasys can rest assured that this trend will persist with ongoing endeavors from executives and operational personnel honing its capabilities moving forward.
With all things considered, it’s fair to assume that Stratasys could be an excellent opportunity for investors seeking long-term investments with spectacular potential returns amidst progressive technological advancements across sectors globally. Investors should undoubtedly maintain their focus and stay alert to what lies ahead concerning opportunities provided by tech-based firms on stock markets worldwide – particularly those like Nasdaq-quoted Stratasys.
Stratasys (NASDAQ: SSYS) Gains Positive Attention from Equity Analysts with Optimistic Outlook
Stratasys, Inc. (NASDAQ: SSYS) has been generating a lot of buzz in the world of investment research. Following the release of their latest financial report, on May 3, 2023, the company has garnered attention from several leading equity analysts.
Several research firms have issued reports on Stratasys. The renowned Lake Street Capital recently increased their price target for the 3D printing company from $20.00 to $22.00 in one of their reports that was released on Friday, March 3rd.
Notably, Needham & Company LLC also reiterated their “buy” rating and gave an optimistic outlook to SSYS shares with their $15.00 stock price target in a report that dropped on Friday, March 10th.
Two research analysts have rated Stratasys’ stock as a hold-rating while three other market experts gave them a buy-rating. According to Bloomberg data’s compilation of these ratings and forecasts, SSYS currently enjoys an average rating of “Moderate Buy” coupled with an average price target estimate of $21.00 – double its current trading value.
Shares of NASDAQ:SSYS opened at $14.14 on Wednesday earlier this week, following its latest report release – another positive achievement for the company whose shares have seen both lows and highs recently. Due to this fluctuation in stock performance over the past year, Stratasys has demonstrated that they are incredibly resilient and capable of navigating stormy financial waters.
The firm’s robust market capitalization now stands at an impressive $967 million while its beta status is steady at 1.41; indicating consistency among markets despite recent fluctuations that took place during fiscal year 2022.
The company’s short-term moving averages remained relatively consistent too; coming off at 50-day simple moving average (SMA) at around $14.71 and a longer-term 200-day SMA situated at roughly $13.90.
In conclusion, Stratasys is an investment to watch closely these days. Stock prices have shown resilience in the face of enormous market disruptions following the COVID-19 pandemic. Given that numerous equity analysts continue to provide buy-ratings on SSYS stock; and with new product releases expected shortly, the company’s long-term success looks secure. Businesses seeking leverage from 3D printing technology should likely consider Stratasys as a pivotal investment in this revolutionary new industry.
