Pre-Market: 8:28AM EDT
|Bid||8.73 x 4000|
|Ask||8.88 x 1000|
|Day's Range||8.63 - 8.85|
|52 Week Range||7.96 - 21.78|
|Beta (3Y Monthly)||2.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
[Editor's note: This story was previously published in April 2019. It has since been updated and republished.]Given their surge over the last few years, tech stocks aren't cheap -- at least when it comes to their actual share prices. Top leaders like Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG, NASDAQ:GOOGL) can be had for north of a grand per share, while even smaller tech stocks like ServiceNow (NASDAQ:NOW) can be had for over $100 per share. And while, as we said before, "price is what you pay, value is what you get," there is something about buying cheap stocks that can result in higher returns.So, if it was possible to combine the potential of tech stocks with the financial advantages of low-priced ones, you'd have very powerful weapon indeed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Luckily, there are a number of those stocks to buy. These cheap tech stocks can be had for under $15 per share, and many of them have plenty of catalysts to propel them forward. They aren't without risk, but they do have plenty of reward potential. So which of those stocks should you look to buy?Here are five cheap tech stocks to buy for your portfolio. Cheap Tech Stocks to Buy: Fitbit (FIT)Source: Shutterstock Share Price: $5.10It's no surprise that former wearable device superstar Fitbit (NYSE:FIT) is now a low-priced tech stock. The device marker spent much of 2017 and 2018 in freefall as wearable device growth has failed to catch up with lofty expectations. And as fellow InvestorPlace contributor Josh Enomoto has mentioned, the segment has been a victim of the dreaded "C" word -- commoditization.So, why be bullish on the floundering device maker?It comes down to healthcare, health insurance and FIT's low prices for devices.John Handcock made waves last year when it announced that it was no longer underwriting traditional life insurance policies and will only be issuing more dynamic policies tied to a wearable device. Corporate America is getting in on the act as well and has started to offer incentives/breaks on health insurance to employees wearing fitness trackers.For FIT, this could be its opportunity. A low price, a name brand and a huge data set of active users makes it an ideal partner in these instances. With healthcare costs rising, firms and employees are going to be doing everything they can to get insurance premiums lower. Already, sales at FIT seem to be picking up. With tracking requirements becoming the norm, Fitbit could be a major winner.And at just over $5 per share, it's worth that gamble. Glu Mobile (GLUU)Source: Shutterstock Share Price: $8.84One-hundred and twenty-two percent. That's a great yearly return for any stock, yet one that makes mobile games for your smart-phone. But for Glu Mobile (NASDAQ:GLUU), its 2018 return may just be a drop in the bucket. That's because GLUU's turnaround is finally paying off.A few years ago, mobile gaming was super hot -- and then the bottom dropped out. GLUU and its rivals were hit hard. In that downturn, the game developer's management undertook a big turnaround plan. For starters, they focused more on games they fully owned rather than celebrity licensed properties. This allowed them to reap higher margins from in-app purchases and downloads. With bookings rising for these so-called growth games, Glu was actually able to be cash flow positive during the fourth quarter.GLUU was also able to reduce its debt load and build a strong cash balance over the last year.With that, GLUU stock has surged. The best part is that the firm's development pipeline still seems robust, with several potential hits coming over the next few quarters. This includes a new World Wrestling Entertainment (NYSE:WWE) game as well as a title under license from Walt Disney's (NYSE:DIS) Pixar. Moreover, several other games in development are targeted at female gamers -- an underrepresented niche. That gives Glu a potentially huge market all to itself.With the firm now firing on all cylinders and gaming still going strong, the less than $9 per share tech stock seems like a bargain at a P/E of 26. Nokia Oyj (ADR) (NOK)Source: Shutterstock Share Price: $4.95Ask many people what they think about Nokia Oyj (ADR) (NYSE:NOK) and odds are, they will say "washed up." And that may be true to a point -- when it comes to devices. But Nokia still remains one of the most important tech stocks in the entire wireless world. The reason comes down to one letter and one number.I'm talking about 5G.As its handset leadership position was fading, Nokia made two shrewd buyouts: industrial conglomerate Siemens' networking business and the Alcatel-Lucent assets. With those two buys, Nokia became an equipment maker that brings all the data, voice and video to the end users. Who cares about what device it's on?This switch has been wonderful for NOK stock. Current 4G networks aren't cutting it with all the streaming video, mobile commerce and gaming we're now doing on our phones and tablets. Because of that, telecom firms are now spending some big bucks to upgrade their networks. And a lot of it is coming NOK's way.Sales at Nokia continue to rise, clocking in at 5 billion euros last quarter. The bulk of that was networking and 5G hardware.And yet, NOK shares remain a castaway among cheap tech stocks. At under $5 and with a 3.8% dividend yield, it's a good stock to buy. TeleNav (TNAV)Source: Shutterstock Share Price: $7.13Sometimes partnering with a larger firm can boost the fortunes smaller tech stocks. For TeleNav (NASDAQ:TNAV), that means being buddies with Amazon (NASDAQ:AMZN). Amazon has been looking for ways to get its AI voice assistant, Alexa, into more devices and into every American's home. A big push in that is into automobiles. This is where TNAV comes in.TeleNav provides several location-based systems to create a smarter, safer & more personalized user experience for drivers. This includes routing, guidance, positioning and search. The kicker is that TNAV's systems are much more than just your normal GPS. They use AI and voice assistants, allow advertisers and in-car commerce -- such as go-ahead ordering -- and the like. Amazon joined with TNAV in a deal that would make Alexa front and center in its units.What TNAV is really doing is building a portfolio of data that Amazon or other firms could potentially massage and exploit later on. What it gets is a huge platform to build on for future real-time advertising, sales and infotainment options. It's a win-win for TNAV, AMZN and other future partners.The opportunity is huge. And yet, TNAV trades at just around $7 per share. That's a huge bargain for its potential -- even more so when considering that firm continues to grow its revenues like weeds and finally has achieved positive cash flows at the end of last quarter.In the end, this is one tech stock that won't stay low-priced for much longer. As a result, it's a good stock to buy. 3D Systems (DDD)Source: Image via 3D SystemsShare Price: $8.73One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. The ability to create three-dimensional objects out of metals, plastics or even biopolymers is truly exciting. And over the years, 3D printing has gone from a niche hobby to mainstream production. Leading the way has been top tech stock 3D Systems (NYSE:DDD).However, lately, DDD has been a shell of its former self. The former high flyer and triple-digit-priced tech stock can now be had for around $8.75. At that price, 3D may be a big-time buy.For one thing, the firm is growing. Last year, DDD's revenues jumped 6.4% year-over-year to $687.7 million. At the same time, the growth in several key areas allowed 3D to realize a profit. Adjusted earnings per share for all of 2018 came in at 15 cents. That was versus a loss per share of 2 cents recorded in 2017. So, things have gotten a bit better at DDD now that 3D printing has gained significant steam.And the firm has more levers to pull. DDD continues to push harder into healthcare and the dental sector. Prosthetics, implants and braces have the potential to be massive markets for the firm, one that is being tapped just now.For investors, DDD stock's fall from grace has more to do with it simply losing its momentum and fad status. Which means, value hunters can snag shares of this low-priced tech stock for basement-level prices, making it a good stock to buy.At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 5 Low-Priced, High-Potential Tech Stocks to Buy appeared first on InvestorPlace.
3D Systems Corporation (NYSE: DDD ) fell far short of Street forecasts in the first quarter. Loss per share of 9 cents missed estimates for a 1-cent loss, and sales of $151.98 million underperformed $164.69 ...
tumbled more than 23% on Wednesday after first-quarter revenue missed analysts' estimates and its quarterly loss was wider than expectations. Analysts in the past week changed the consensus earnings estimate for the second quarter to 1 cent a share from 4 cents share, and cut their sales estimate to $168.5 million from $176.3 million, according to Bloomberg. Canaccord Genuity has a hold rating on the stock and lowered its price target to $10 from $13.
So far it has been a great year for equities. Even after this week's dip from the geopolitical headlines regarding China tariff meetings, stocks are strong in 2019 and we are barely off the all-time highs. But not all stocks are happy about it. Take 3D Systems (NYSE:DDD) for example. DDD stock came into the earnings up only 4%, while the S&P 500 is up 15% year to date.Source: Image via 3D SystemsThis week has been especially brutal for DDD stock. Yesterday it fell 4% ahead of earnings then fell another 15% after hours. Management reported earnings after the market closed and Wall Street hated them.There was not much to celebrate, so the selling is justified. They missed on all metrics, which left the bulls no reason to buy or defend the stock. Earnings fell short of expectations by nine times. This was also a 200% deterioration from last year. Furthermore, they missed sales by 7% and that too was a 38% decline from last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo clearly the trends are alarming, which is why the stock is reverting to lows. So the question here becomes a matter of finding a floor. Is this dip in DDD stock an opportunity to buy? The safe answer is no.This is not the same as saying short it. It just lacks the catalyst that I need to bet for upside. The only reason it bottoms here is purely based on hope and that is not a strategy I want to employ here. * 10 Great Stocks to Buy on Dips If I already own the shares and haven't sold them yet, then it's perhaps too late to do so on this dip. Maybe it catches the eye of an activist investor or some analyst comes to its defense. But I definitely need someone to show me a reason to expect a rally in 3D Systems stock.Don't label me a hater. I am one who loves the idea of having DDD's technology in my house. In fact, I've been on record saying that eventually, we will all have a 3D printer appliance at home like we do microwaves. I see a day where we buy schematics to print the parts we need instead of buying the parts. Bottom Line on DDD StockBut for now, clearly, DDD needs help figuring out a way to make it a financially viable model and therein lies my hesitation.DDD came into its earnings event up only 4% compared to Stratasys (NASDAQ:SSYS) and ExOne (NASDAQ:XONE ), which are up 38% and 25%, respectively, for the same period. While none of their charts are exciting, for some reason, those two are outperforming the indices this year, while 3D languishes in negative territory after today. This is worse for the 12-month period as DDD is down almost 20% when the other two are up as much or more. In the long run, the whole sector is languishing red which adds to my argument today.Fundamentally, DDD stock sells inline with its competitors from a price-to-sales perspective. So until they become profitable, the lack of sales growth is a critical lid on the stock. It needs to start growing sales and last night's report told the opposite story.3D Systems stock is clearly broken and the company could be broken too. The onus is squarely on management to convince the investors otherwise.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post Avoid 3D Systems Stock Until It Stops Flashing Warning Signs appeared first on InvestorPlace.
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It's been a busy Tuesday as usual and a lot of stocks such as Electronic Arts Inc. (NASDAQ:EA), Kinross Gold Corporation (NYSE:KGC), Inogen Inc (NASDAQ:INGN), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), and 3D Systems Corporation (NYSE:DDD) are on the move in extended market trading after market close. Let's analyze why each stock is on the move and how the smart money, hedge funds […]
3D Systems (NYSE:DDD) unveiled its latest quarterly earnings results late on Tuesday afternoon, bringing in figures that failed to live up to expectations as the company's loss was wider than what Wall Street projected in its forecast, while revenue was also below the cut, playing a role in DDD stock sinking close to 15% after hours.The Rock Hill, S.C.-based 3D printer maker said that for its first quarter of its fiscal 2019, it posted a loss of $24.4 million, which tallied up to roughly 22 cents per share. This figure game in at 9 cents per share when adjusted for stock option expense and severance costs.These results were weaker than what the Wall Street consensus estimate called for as the average projection of five analysts who were surveyed by Zacks Investment Research was for 3D Systems to bring in a loss of a penny per share. The company added that its sales for the quarter came in at $152 million, which was also below what Wall Street called for in its revenue outlook.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Wall Street guidance of four analysts who were surveyed by Zacks saw the business bringing in sales of $166.2 million on average.DDD stock was down about 4.1% during regular trading hours as the company geared up to report its results for its first three-month period of its fiscal 2019. Shares then declined a whopping 14.1% after the bell Tuesday as 3D Systems unveiled results that were considerably weaker than what the Wall Street guidance foresaw. More From InvestorPlace * 10 Cheap Stocks to Buy Now * 7 Energy Stocks to Buy to Light Up Your Portfolio * 7 Strong Buy Stocks That Tick All the Boxes Compare Brokers The post 3D Systems Earnings: DDD Stock Plummets on Wide Q1 Loss, Revenue Miss appeared first on InvestorPlace.
3D Systems (DDD) delivered earnings and revenue surprises of -800.00% and -8.54%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 22 cents. Losses, adjusted for stock option expense and severance costs, came to 9 cents per share. The results missed ...
3D Systems Corp. shares dropped in the extended session Tuesday after the 3D-printer maker's results fell short of Wall Street expectations. 3D Systems shares fell 10% after hours, following a 4.2% decline to close the regular session at $10.59. The company reported a first-quarter loss of $24.4 million, or 22 cents a share, compared with a loss of $21 million, or 19 cents a share, in the year-ago period. The company reported an adjusted loss of 9 cents a share. Revenue declined to $152 million from $165.9 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 1 cent a share on revenue of $164.7 million.
3D Systems Corp NYSE:DDDView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is high for DDD with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting DDD. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.54 billion over the last one-month into ETFs that hold DDD are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
UNYQ, a medical-device startup, is well on its way to establishing a bigger presence in the Charlotte market. The company, which uses 3D printing to create prosthetic and orthotic devices, was founded in 2014 in San Francisco and Seville, Spain.
3D Systems (DDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On May 7, when the 3D printing company reports its first-quarter 2019 earnings, investors should focus on overall revenue growth, sales of 3D printers, and cash flows.
3D Systems Corporation (NYSE:DDD), which is in the tech business, and is based in United States, saw significant share price movement during recent months on the NYSE, rising to highs...