Analyst's Downgrades Report: Stratasys, Ltd. (NASDAQ:SSYS)

‘hart on computer monitor, market’s climbing, hand and pen pointer

Stratasys, Ltd. (NASDAQ:SSYS) received “Downgrade” rating by Citigroup in a research note issued to investors on Apr-15-16 from Buy to Neutral. Analysts presently have a $25.50 price target on the company’s stock, however according to data provided by Thomson/First Call the highest current target price estimate stands at $35.00 and the lowest target price estimate is $19.00.

Additionally on Mar-23-16 the stock was “Reiterated” by UBS as Sell at $16 to $19 and on Mar-07-16 the stock was “Downgraded” by JP Morgan from Neutral to Underweight. Furthermore on Mar-04-16 the stock was “Reiterated” by Needham as Buy at $32 to $28.

Other research analysts have also recently issued recommendations about the company. The company has analysts’ mean recommendation of 2.80, where 1 refers ‘strong buy’ and 5 refers ‘strong sell’.

On the other hand the company has Relative Strength Index (RSI 14) of 51.60 along with Average True Range (ATR 14) of 1.81, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. The average true range (ATR) is a measure of volatility introduced by Welles Wilder. Consequently Stratasys, Ltd. (NASDAQ:SSYS)’s weekly and monthly volatility is 6.80%, 6.14% respectively. The company’s beta value is at 2.01.

Stratasys, Ltd. (NASDAQ:SSYS)’s trailing twelve month revenues are $696.00 million, whereas its price to sales ratio for the same period is 1.95. Its book value per share for the most recent quarter is $22.83 while its price to book ratio for the same period is 1.12, as for as the company’s cash per share for the most recent quarter is $5.08, however its price to cash per share ratio for the same period is 5.02.

Stratasys, Ltd. (NASDAQ:SSYS) on April 13, 2016 announced it will release financial results for the quarter ended March 31, 2016 on Monday, May 9, 2016. The Company plans to hold the conference call to discuss its first quarter financial results on Monday, May 9, 2016 at 8:30 a.m. (ET).

Stratasys Ltd. provides three-dimensional (3D) printing and additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its 3D printing systems utilize its patented fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content. The company offers entry-level desktop 3D printers to systems for rapid prototyping, and production systems for direct digital manufacturing under the Dimension, Objet, Fortus, Polyjet, SolidScape, and MakerBot brands, as well as MoJo and uPrint product families, and Dental Series products. It also provides 3D printing consumable materials, including FDM, cartridge-based materials, Polyjet cartridge-based materials, Smooth Curvature Printing inkjet-based materials, and non-color digital materials, as well as provides color variation services. In addition, the company offers customer support, basic warranty, and extended support programs; leases or rents 3D printers and 3D production systems; produces prototypes and end-use parts for customers from a customer-provided CAD file; and provides plastic and metal parts for rapid prototyping and production processes, as well as related professional services.

Leave a Reply