|Bid||13.65 x 1800|
|Ask||13.70 x 3100|
|Day's Range||13.41 - 13.74|
|52 Week Range||9.00 - 21.78|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.00|
This past week's downgrade of Cronos Group (NASDAQ:CRON) rekindled an overdue discussion about the real value of CRON stock and pot stocks more broadly. Click to Enlarge Source: Shutterstock GMP Securities analyst Martin Landry lowered the firm's stance on Cronos Group stock from "Buy," to "Hold," not because he feels the company has hit a wall, but because CRON stock appears to have rallied too far, too fast. While not his direct intention, Landry's comments also assured less-daring investors missing out on cannabis-mania that their doubts weren't entirely unmerited. * 10 Best Dividend Stocks to Buy for the Next 10 Months More important, the marijuana craze has still lured a huge number of unsuspecting traders into a trap. The only thing really keeping these names propped up right now is hype, but hype can fade fast, and without warning.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cronos Stock and the Big RunLandry's exact words:"The company's shares have surged ~110% year-to-date on no material news and have outperformed the HMMJ cannabis index by a factor of 2. This strong performance forces us to change our rating to HOLD solely based on valuation."The GMP Securities analyst further fleshed out that Cronos is still well-positioned to capture a respectable piece of a very real but budding marijuana market. The time Cronos needs to fully figure out where it fits in an ever-changing market, however, could prove turbulent for Cronos stock.Landry went on to caution investors:"Cronos is still in the early stage of its development with limited revenues in relation to its sizable market cap. Hence, in our view, the company needs to backfill its valuation with capital deployment into the U.S. market, increase its penetration in the Canadian recreational market and continue its international expansion."It was a well-reasoned, common-sense observation and too many traders would have none of it.That dynamic has been in place for months, largely starting on the heels of news that Constellation Brands (NYSE:STZ) had made a major investment in Canopy Growth (NYSE:CGC).Shortly thereafter, Altria Group (NYSE:MO) bought $2 billion worth of Cronos stock, solidifying the idea that not only did cannabis have a bright future, but a wave of deal-making and outright acquisitions was imminent.That wave isn't quite as imminent as some have been hoping. Despite the overly-aggressive pushback against his point, that's all Landry was really trying to say. The Hype Feels RealFor the relatively small but highly vocal horde of investors who not only bought heavily into Cronos, but bought into the very premise of the cannabis movement itself, it is tough news to hear.They're not wrong to be optimistic; the marijuana legalization movement is steam-rolling its way across the world.Their expectations and timeframes, however, are uncomfortably aggressive.We've seen it happen before. Think back to 2013. That was the rise of the affordable (sort of) 3D printers, which were supposed to revolutionize small-scale manufacturing. And they did, to some degree. Investors who bought into the idea of the craze at the time were severely punished though.3D Systems (NYSE:DDD), a poster child of the 3D printing revolution unfurling at the time, soared from $12 per share near the beginning of 2012 to a peak of more than $80 in 2013. By late-2015, it was back under $9 per share, with 3D printers never living up to their full hype.Another proverbial failure-to-launch: The 2012 race between Arena Pharmaceuticals (NASDAQ:ARNA) and Orexigen Therapeutics (OTCMKTS:OREXQ) to introduce the first FDA-approved weight-loss drug to the U.S. market in thirteen years.Both stocks soared on their respective prospects, but neither stock has ever been priced as high as they were right around the times of their approvals. Neither drug has met lofty sales expectations being batted around them. Orexigen, in fact, has since declared bankruptcy.Investors were certain at the time, of course, that could never happen. The buzz was too strong.Add solar panels, cryptocurrency, real estate in 2008, dot-coms in 2000, wearables, and a hundred others to the lists of investing letdowns. They all still have a place, and offer select investment opportunities to be sure.They've all, however, pulled the rug out from underneath early-cycle investors that loved the premise but ignored the plausible math.Yet, somehow the "this time is different" argument is being recycled, indicating investors believe pot stocks will never see any serious downside again. Bottom Line for Cronos StockOr, perhaps this time truly is different. Never say never. If we're thinking realistically though, it's naive to not suspect the ongoing legitimization of marijuana won't draw bigger players into the arena before outfits like Cronos get a chance to fully take rook and make a buck.Such a development sets the stage for potential acquisitions. Indeed, bigger players have already tiptoed into partial ownership. That bodes well for Cronos Group stock.Those would-be buyers have far more time to let the dust settle than most M&A-minded investors care to believe though. That leaves plenty of time to wear the polish off of CRON stock and its peers, and let the reality of debt and heavy spending tarnish the shine.Still, there's no denying Cronos Group stock will make for some great swing trading, the next one of which should be pointed down. GMP Securities' Landry couldn't be quite that blunt, of course.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post Don't Get Trapped by All the Hype Surrounding Cronos Stock appeared first on InvestorPlace.
ROCK HILL, S.C., Feb. 08, 2019 (GLOBE NEWSWIRE) -- 3D Systems (DDD) announced today it plans to hold a conference call and simultaneous webcast to discuss its financial results for the fourth quarter and full year 2018 on Thursday, February 28, 2019, at 4:30 p.m. Eastern Time. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
3D Systems Corp NYSE:DDDView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * 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. Over the last one-month, outflows of investor capital in ETFs holding DDD totaled $1.66 billion. Additionally, the rate of outflows appears to be accelerating. 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.
ROCK HILL, S.C., Feb. 6, 2019 /PRNewswire/ -- Today, 3D Systems (DDD), the additive manufacturing solutions company, announced new releases of Geomagic® for SOLIDWORKS® 2019 and 3DXpert™ for SOLIDWORKS 14 – two leading software solutions created to help SOLIDWORKS users streamline 3D scan data workflows and optimize and prepare part designs for 3D printing - regardless of complexity - for plastic and metal additive manufacturing. Designed exclusively for the SOLIDWORKS community, these software solutions enable SOLIDWORKS users to streamline their digital workflows to design and produce better parts, faster.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of 3D Read More...
Bulls and a few likely unwitting bears helped print big gains Wednesday in 3D Systems (NYSE:DDD) and Stratasys Ltd. (NASDAQ:SSYS), courtesy of broker upgrades. But for traders looking to spread their risk among the best stocks in the group, saying goodbye to DDD stock and buying SSYS stock alongside peer Materialise NV (NASDAQ:MTLS) is the better play for printing future profits. Let me explain. A pair of Piper Jaffray upgrades to outperform from neutral for 3D manufacturing equities DDD stock and SSYS stock resulted in hefty gains of 6.33% and 8.03%, respectively, following the analyst Troy Jensen's changes. Behind the ratings move, the he cited improving printing demand, a long-awaited shift to production applications finally beginning to emerge and each company enjoying their best positioning for growth in years. InvestorPlace - Stock Market News, Stock Advice & Trading Tips But similar size gains in DDD and SSYS well-removed from their intraday highs and comparable rationale for the upgrades doesn't mean this is a durable pairing or the two best stocks to own. It makes buying either name more risky in my estimation. ### 3D Printing Long #1: SSYS Stock For spread traders wanting smarter exposure from the 3D printing space. I'd pick just one: Stratasys. Of course, I'd also buy MTLS stock to complete the position, but more on that in a moment. * 10 Stocks to Sell in February With both 3D Systems and Stratasys on the hardware side of the business, but SSYS stock printing a much stronger price chart and having shed its bearish short interest down to 12% compared to DDD's 23%; the market is already hinting Stratasys is the better-positioned of the two. ### SSYS Stock Weekly Chart Ideally, I'd wait for a trigger above $25.18 in SSYS stock to get long. The buy point represents a breakout above Tuesday's high and a price move back above mid-pivot resistance of $24.70 within the bullish double-bottom base construction. But as part of a spread trade with MTLS stock, an allowance to go long with a 10% stop-loss makes sense. ### 3D Printing Long #2: Materialise NV (MTLS) Belgium-based MTLS stock hasn't enjoyed the notoriety or volatile fortunes and misfortunes of SSYS stock or 3D Systems. But Materialise has earned a reputation for capturing solid growth and profits during a couple rocky years for the industry. * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) Unlike DDD, MTLS stock also distinguishes itself from its hardware peer Stratasys as it's positioned on the software side of the 3D printing space. This diversification adds to the attractiveness of owning shares and further spreading the industry risk alongside SSYS stock. ### MTLS Stock Weekly Chart Another bonus of buying MTLS stock today as part of a spread position with SSYS stock is that shares have corrected within their uptrend into a nice area of technical support. Shares are currently testing a former cup-shaped base and pair of key Fibonacci levels for support. Again, and similar to Stratasys, it might be tempting to wait on an ideal entry in MTLS stock. But as part of a spread trade where SSYS stock is showing sure signs of good things to come and MTLS is already in a sturdy uptrend and offering investors an opportunity to buy at a smart-looking discount; this pair looks ready for printing future profits today. Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy for the Rest of the Year * 10 Best Consumer Stocks to Buy in 2019 * 10 Triple-A Stocks to Buy in February Compare Brokers The post Printing Spread Profits in Stratasys and Materialise: SSYS Stock, MTLS Stock appeared first on InvestorPlace.
Piper Jaffray's proprietary survey of 3D Systems resellers point to a "challenging fourth quarter," but this could be a function of the 3-D printer manufacturer's decision to push into direct sales, Jensen said in the Tuesday upgrade note. The research firm's proprietary survey with resellers found negative feedback in each quarter of 2018, but the company itself showed a year-over-year system growth rate of 21 percent in Q1, 30 percent in Q2 and 24 percent in Q3.
NASCAR driver Brad Keselowski used his own money to open a $10 million advanced manufacturing facility in Statesville that’s designed to be the “factory of the future” to combine emerging production systems with current methods.
It doesn't take a genius to realize that social media company Snap (NYSE:SNAP) is in serious trouble. Last year, SNAP stock dropped more than 55%, making it one of the worst-performing investments in the marquee New York Stock Exchange. Unfortunately, the embattled organization will likely suffer a repeat performance in 2019 unless it can turn the ship around. In a shocking announcement Tuesday, management revealed that CFO Tim Stone will step down from his post. As a result, Snap stock tumbled over 7% during extended trading. Heading into Wednesday's session, SNAP stock is trending down more than 11%! If you've followed the company's (usually negative) news stream, you'll know that Stone's departure comes amid a wave of high-profile executives abandoning ship. Last year, marketing VP Steve LaBella and chief strategy officer Imran Khan sought greener pastures. Most recently, HR head Jason Halbert resigned earlier this week. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As if things couldn't get worse for SNAP stock, Stone's tenure was one of the shortest in the organization's history. The now-former CFO lasted only eight months. * Top 10 Global Stock Ideas for 2019 From RBC Capital Per protocol, SNAP CEO Evan Spiegel offered the usual niceties. As far as the real motives behind the quick exit, we can only speculate. But we can make one statement with reasonable certainty: the decisive catalyst(s) must have been overwhelming. We have to remember that executives don't make these decisions lightly. While they enjoy impressive salaries and benefits, a poor reputation can quickly end that joyride. Specifically, Stone left e-commerce and technology giant Amazon (NASDAQ:AMZN) for this role. That's not an easy gig to walk away from. Further, Stone's prospective employers will rightfully question his motives and commitment. Not only that, the company offered him $20 million in restricted stock, with an option to buy 500,000 common shares. ### Bad Omen for SNAP stock No matter how rich you are, you never willingly leave money on the table. In fact, the affluent become more emboldened with their negotiating skills: that's why they're rich! Therefore, it's shocking for anyone to let so much wealth go. Because of his extremely truncated tenure, Stone will not receive a majority of the compensatory benefits tied to SNAP stock. Simultaneously, the executive indirectly sullied his 20-year career at Amazon. So what could drive someone to this drastic decision? Again, we can only speculate. But examining the common reasons why CFOs quit is revealing, and portends further pain for Snap stock. From an administrative perspective, CFOs typically leave due to interpersonal conflicts. This is a broad category that covers situations such as executive and directorial dysfunction, a poor relationship with the CEO, and ineffective talent within the finance group. On a personal level, a CFO could simply get bored with non-stimulating work. Or they could simply jump ship for more money. None of these reasons satisfactorily explains why Stone pulled the plug. Moreover, they're related to executives who put in the time to discover these negatives. As The Wall Street Journal explained a few years back, a sudden departure may spell trouble. In some cases, the problem is due to executives butting heads. But in others, a fundamental vulnerability may exist in the target organization. The WSJ chronicled 3D Systems' (NYSE:DDD) former finance chief Ted Hull similarly brief tenure. When 3D Systems initially hired Hull, he represented a steal. Previously, Hull worked at Cisco Systems (NASDAQ:CSCO) and International Business Machines (NYSE:IBM). In reality, Hull was a bad omen. The 3-D printing industry's growth narrative declined significantly. Apparently, there was nothing he or anyone could do to save DDD. ### Huge Uphill Battle Lies Ahead for Snap Stock Prior to the news, a temptation existed to take the contrarian trade. As I mentioned earlier, SNAP stock absorbed significant pain. However, its Snapchat app remains popular with its core young audience. Additionally, management is actively seeking international opportunities. But at some point, we must read between the lines. Among publicly traded competitors Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR), Snap has the smallest subscriber footprint. However, its youth-centric focus means it has to win the volume game with its core audience. After all, Snap stock isn't exactly an older person's investment. Unfortunately, Facebook's Instagram app has disrupted the company's dominance in the younger demographic. Further, FB has the resources to bombard SNAP relentlessly. All management can hope for is that they can be bought out at a reasonable price. That sounds awfully negative until you realize that Stone left a fortune on the table. For him, leaving was the rosier option compared to gobs of money. If that's not an indictment against SNAP stock, I don't know what is. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post Snap Stock: Why Would Its CFO Resign So Abruptly? appeared first on InvestorPlace.
After reviewing our outlook for 3D Systems DDD and Stratasys SSYS , we are maintaining our no-moat ratings, lowering our fair value estimates, and downgrading Stratasys' stewardship rating to poor. Today's 3D printing market is characterized by intense competition, low barriers to entry, and rapid development cycles. Since 2014, both manufacturers have struggled to register economic profits as a dearth of new supply across the 3D printing value chain handcuffed supplier pricing power.
VJ Joshi has been the CEO of 3D Systems Corporation (NYSE:DDD) since 2016. First, this article will compare CEO compensation with compensation at similar sized companies. Then we'll look at Read More...
ROCK HILL, S.C., Dec. 3, 2018 /PRNewswire/ -- Today, 3D Systems (DDD), the originator of 3D printing, announced that Rapid Application Group (Broken Arrow, Oklahoma), a disabled veteran-owned additive manufacturing firm, has doubled its production capacity and throughput with 3D Systems' Figure 4™ Standalone 3D printer. This industry-leading plastic 3D printer is helping Rapid Application Group support mission critical, time-sensitive operations for customers in the oil and gas, aerospace and defense, motor sports, and healthcare sectors.