|Bid||13.96 x 800|
|Ask||14.66 x 1000|
|Day's Range||14.32 - 14.65|
|52 Week Range||11.04 - 27.64|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 15, 2023 - May 19, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.36|
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The average of price targets set by Wall Street analysts indicates a potential upside of 31.9% in Stratasys (SSYS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Stratasys's shares rose 4.39% to $15.36 in premarket trading. Following a review, the board concluded that Nano's proposal substantially undervalued the company, Stratasys said. Nano Dimension currently owns about 14.5% of Stratasys's outstanding shares and is the largest shareholder in the company founded over 30 years ago.
MINNEAPOLIS & REHOVOT, Israel, March 22, 2023--Stratasys Ltd. (Nasdaq: SSYS) (the "Company"), a leader in polymer 3D printing solutions, today announced that its Board of Directors has unanimously rejected the unsolicited proposal it received from Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano") to acquire Stratasys for $18.00 per share in cash.