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3D Systems Corporation (DDD)

NYSE - NYSE Delayed Price. Currency in USD
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7.66-0.57 (-6.93%)
At close: 4:00PM EDT
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  • M
    MaverickXXX
    Today - Thursday, October 22, 2020
    Align Tech rally lifts 3D Systems, up 11%
    Additive manufacturing gear maker 3D Systems (DDD +10.6%) is up on 40% higher volume in response to the Q3 results-stoked rally in orthodontic device seller Align Technology (ALGN +33.9%) who has used DDD's 3D printers since its inception to produce its Invisalign clear aligners.
    Shares have rallied 76% since touching $4.67 on October 2.
  • K
    Kelly
    finally some two sided action and larger swings. IV climbing nicely. This will attract the option traders. Its gonna get bumpy.
  • M
    MARY ANN
    here is a list of stocks that have a lot of short interest ddd bbby sfix, skt, sdc, they are all climbing at this time and could break topside sending shorts to cover, keep your eye out for big gains in these stocks
  • S
    Sally
    Whoever bought this under $5 was either incredibly lucky or incredibly knowledgeable. If you did that can you tell me why?
  • D
    Denny
    Well it certainly appears that DDD was raising cash vis shares sales to their creditors who in turn were more than happy to provide them to deep pocketed shorts but at a premium. Block trades all day identified as occurring in DARK POOLS. I'm anxious to see the next 10Q.

    BTW, Anonymous, NOBODY is trading DDD because they're excited about EARNINGS. DUH.

    If you need help learning how to trade for gains I'm available but you have to ask politely
  • M
    MARY ANN
    we have the shorts retreating, any big buying pressure and the shorts should start to cover, sending ddd higher in price, stay long stay safe
  • M
    MaverickXXX
    Of note: DDD is the only 3d printing stock in the green. All others (MTLS PRLB XONE SSYS NNDM) in the red. Quite a reversal of fortune.
  • A
    Arxaquila
    Very strong qtr for DDD's largest customer, Align, which is up over 25% premarket. Conversely, DDD is down premarket probably due to Align's announced 21.3 capex for increased capacity and facilities. This might be lighter then some thought. Also contributing to DDD's weak premarket was Align's hesitance on giving strong guidance.
  • D
    Denny
    if there is any news to be shared about asset dispositions I suspect they'll try to reveal any of that at the same time they release the quarterly results thus setting up the ole, bad news, good news scenario. One must expect they'll be large extraordinary expenses related to the restructuring but they can offset the impact by mentioning asset sales in the pipeline. Meanwhile a mild correction is before us. Not a deep dive but a restest to determine if the $7.05 will offer support. IMO I'm sure Jan has an opinion he can share as well
  • M
    MaverickXXX
    Notice how the daily volume has picked up significantly the last 3 days. That is a VERY POSITIVE sign.
  • A
    Aviv
    I am totally not surprised with the current rally in SP. Sometimes good news is interpreted as bad news and that creates opportunities for investors : after the last report which wasn't that good there was news about the restructure. that restructure is supposed to save the company more than 100 millions a year. Once you realize that you can see how for the next few quarters coming 2022 the profit will be much higher. My Target price for 2021 is $16-18
  • M
    MARY ANN
    ddd has 35.34% of float short the stock, the pressure is on the shorts to cover, sending ddd a lot higher from here when they do start to cover, we believe the squeeze is just getting started, stay long here. stay safe
  • D
    Denny
    Jan, You want to do the comparison on the newly Amended Credit facility here's the clause from the prior:
    (h) any sale, transfer or lease of assets not otherwise permitted pursuant to this Section; provided that (i) at the time of sale, transfer or lease of such assets, no Default or Event of Default shall exist or would result from such sale, transfer or lease of such assets, (ii) such sale, transfer or lease of such assets is made for fair market value and the consideration received shall be no less than 75% in cash, and (iii) the aggregate fair market value of all property disposed of in reliance on this clause (h) shall not exceed (x) $50,000,000 in any fiscal year of the Borrower, as reduced by any amounts expended pursuant to clause (g) above in the applicable fiscal year, and (y) $200,000,000 during the term of this Agreement.

    It would appear the limit of $50M per fiscal year has been removed
  • S
    Sharbe
    Much, much more short covering to come here. This is just getting started. When you have 50% of the float short, you will have an explosion to the upside when they start to cover.
  • c
    chris
    Here is my idealistic view of things: We avoid shareholder dilution and make good use of the capital from assets sold to fund growth. This strategy saves this company but results in less revenue over 2 years. If ROA on assets sold were negative and they are not a large revenue / growth contributor, good riddance . If they get this strategy right and focus on profitability within two years and a 20% top line growth rate, this thing will fly. After the growth initiatives start to payoff in 2 years, revenues will be up 20% from today and we will be profitable. The metal business is a potential 1 billion USD market in 5 years.
    How can these guys screw this up? Well, instead of funding the right growth initiatives (industrial metal and services), the cash from assets goes to management's pockets making shareholder dilution in the 3.30 range inevitable because they continue to burn cash faster than they can make it.
    This is the risk / reward of the stock. Could be in big trouble if strategy does not lead to profitable growth in 2 years.
    Hopefully new CEO, CFO and market segment EVP's figure this out. They seem competent and experienced. We'll see... not betting the farm on it but 10% of my portfolio is hoping it all works out. Playing with house money. Cautiously optimistic.
  • P
    PMFaith
    With 47% short as of today somebody is fixin to panic. I'm glad for my 5 and 7 $ 2022 call options.
  • D
    Denny
    Abundant numbers of block trades entered by DARK POOL players. Could well be DDD issuing shares to raise capital or short sellers seeking to cover positions ahead of news.
    Mysteries difficult to determine but we know this much, technically speaking this is very extended at the moment. Not a good time to chase price.
  • S
    Sharbe
    Classic short covering and more to come. 50% of float is short. This is going to get fun.
  • T
    Tim
    That $8 call option is paying off.
  • R
    Rob
    American ????