|Bid||0.00 x 1800|
|Ask||0.00 x 2200|
|Day's Range||6.35 - 7.50|
|52 Week Range||4.60 - 12.56|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.83|
Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. The culprit of the move was William Blair analyst Brian Drab, who questioned the rally 3D Systems' shares have experienced over the past month. Shares were up 46% in a month going into today, and it appears that a Tesla job posting related to 3D printing and a strong earnings report from Align Technologies had growth stock investors piling into the stock.
Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Despite earnings being only barely on the horizon, though, and in the absence of any other news directly affecting the stock, 3D Systems shares jumped as much as 14% earlier today, and remain up 13.5% here at the 3:35 p.m. EDT mark. Lacking any more obvious catalysts, my best guess at this point is that 3D stock is reacting positively to earnings news out of Tesla (NASDAQ: TSLA), which last night reported both impressive free cash flow and also strong sales growth of 39% year over year.
3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Investors are probably approaching the 3D-printing company's report with some trepidation. Last quarter, 3D Systems missed Wall Street's expectations for both the top and bottom lines.