Stratasys (NASDAQ:SSYS) Hits New 12-Month Low – Time to Sell?

Stratasys, Ltd. (NASDAQ:SSYS)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.35 and last traded at $8.4150, with a volume of 352384 shares traded. The stock had previously closed at $8.50.

Wall Street Analyst Weigh In

SSYS has been the topic of a number of research reports. Needham & Company LLC lowered their price target on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Wall Street Zen downgraded Stratasys from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Cantor Fitzgerald upped their target price on Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, November 14th. UBS Group reissued an “overweight” rating on shares of Stratasys in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Stratasys Trading Down 0.8%

The stock’s fifty day moving average is $10.69 and its 200 day moving average is $10.73. The company has a market capitalization of $717.16 million, a P/E ratio of -6.28 and a beta of 1.60.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, November 13th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $136.97 million during the quarter, compared to analyst estimates of $136.60 million. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. Stratasys’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. On average, analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Stratasys during the 3rd quarter valued at about $34,000. Raymond James Financial Inc. bought a new stake in Stratasys in the 2nd quarter worth approximately $35,000. State of Alaska Department of Revenue purchased a new stake in Stratasys during the 3rd quarter valued at $45,000. Osaic Holdings Inc. grew its holdings in shares of Stratasys by 66.7% in the second quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,282 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Stratasys in the second quarter worth about $113,000. Institutional investors own 75.77% of the company’s stock.

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.