3d Systems Stock Net Asset
DDD Stock | USD 3.92 0.22 5.95% |
3D Systems fundamentals help investors to digest information that contributes to 3D Systems' financial success or failures. It also enables traders to predict the movement of DDD Stock. The fundamental analysis module provides a way to measure 3D Systems' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 3D Systems stock.
DDD | Net Asset |
3D Systems Company Net Asset Analysis
3D Systems' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current 3D Systems Net Asset | 980.19 M |
Most of 3D Systems' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 3D Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
DDD Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for 3D Systems is extremely important. It helps to project a fair market value of DDD Stock properly, considering its historical fundamentals such as Net Asset. Since 3D Systems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of 3D Systems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of 3D Systems' interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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DDD Total Assets
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Based on the recorded statements, 3D Systems has a Net Asset of 980.19 M. This is much higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The net asset for all United States stocks is notably lower than that of the firm.
DDD Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 3D Systems' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of 3D Systems could also be used in its relative valuation, which is a method of valuing 3D Systems by comparing valuation metrics of similar companies.3D Systems is currently under evaluation in net asset category among related companies.
3D Systems ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, 3D Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 3D Systems' managers, analysts, and investors.Environmental | Governance | Social |
3D Systems Institutional Holders
Institutional Holdings refers to the ownership stake in 3D Systems that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 3D Systems' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing 3D Systems' value.Shares | Clark Estates Inc | 2023-12-31 | 1.4 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.1 M | Pinnacle Associates Inc | 2023-12-31 | 1 M | Bank Of New York Mellon Corp | 2023-12-31 | 1 M | Royal Bank Of Canada | 2023-12-31 | 985.8 K | Silverberg Bernstein Capital Management Llc | 2024-03-31 | 803.2 K | Principal Financial Group Inc | 2023-12-31 | 695.1 K | First Trust Advisors L.p. | 2023-12-31 | 587.2 K | Norges Bank | 2023-12-31 | 524.1 K | Blackrock Inc | 2023-12-31 | 23.1 M | Vanguard Group Inc | 2023-12-31 | 14.1 M |
DDD Fundamentals
Return On Equity | -0.63 | |||
Return On Asset | -0.0531 | |||
Profit Margin | (0.76) % | |||
Operating Margin | (0.33) % | |||
Current Valuation | 550.95 M | |||
Shares Outstanding | 133.62 M | |||
Shares Owned By Insiders | 2.60 % | |||
Shares Owned By Institutions | 66.88 % | |||
Number Of Shares Shorted | 10.5 M | |||
Price To Earning | 5.29 X | |||
Price To Book | 1.18 X | |||
Price To Sales | 1.01 X | |||
Revenue | 488.07 M | |||
Gross Profit | 214.23 M | |||
EBITDA | (68.18 M) | |||
Net Income | (370.43 M) | |||
Cash And Equivalents | 388.13 M | |||
Cash Per Share | 4.90 X | |||
Total Debt | 386.07 M | |||
Debt To Equity | 0.64 % | |||
Current Ratio | 5.52 X | |||
Book Value Per Share | 3.13 X | |||
Cash Flow From Operations | (80.67 M) | |||
Short Ratio | 7.98 X | |||
Earnings Per Share | (2.85) X | |||
Price To Earnings To Growth | 2.98 X | |||
Target Price | 5.45 | |||
Beta | 1.82 | |||
Market Capitalization | 494.39 M | |||
Total Asset | 980.19 M | |||
Retained Earnings | (1.11 B) | |||
Working Capital | 681.4 M | |||
Current Asset | 432.47 M | |||
Current Liabilities | 145.47 M | |||
Net Asset | 980.19 M |
About 3D Systems Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 3D Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 3D Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 3D Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
3D Systems Investors Sentiment
The influence of 3D Systems' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in DDD. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to 3D Systems' public news can be used to forecast risks associated with an investment in DDD. The trend in average sentiment can be used to explain how an investor holding DDD can time the market purely based on public headlines and social activities around 3D Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
3D Systems' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 3D Systems' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 3D Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on 3D Systems.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 3D Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 3D Systems' short interest history, or implied volatility extrapolated from 3D Systems options trading.
Pair Trading with 3D Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 3D Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 3D Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with DDD Stock
0.68 | DLPX | Delphax Technologies | PairCorr |
0.82 | WETH | Wetouch Technology Common | PairCorr |
Moving against DDD Stock
0.8 | RCAT | Red Cat Holdings | PairCorr |
0.8 | CREAF | Creative Technology | PairCorr |
0.74 | AL | Air Lease | PairCorr |
0.71 | FUJIY | FUJIFILM Holdings Corp | PairCorr |
0.64 | HAUP | Hauppauge Digital OTC | PairCorr |
The ability to find closely correlated positions to 3D Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3D Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 3D Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 3D Systems to buy it.
The correlation of 3D Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 3D Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3D Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 3D Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 3D Systems Piotroski F Score and 3D Systems Altman Z Score analysis. For information on how to trade DDD Stock refer to our How to Trade DDD Stock guide.Note that the 3D Systems information on this page should be used as a complementary analysis to other 3D Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for DDD Stock analysis
When running 3D Systems' price analysis, check to measure 3D Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3D Systems is operating at the current time. Most of 3D Systems' value examination focuses on studying past and present price action to predict the probability of 3D Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3D Systems' price. Additionally, you may evaluate how the addition of 3D Systems to your portfolios can decrease your overall portfolio volatility.
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Is 3D Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3D Systems. If investors know DDD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3D Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.85) | Revenue Per Share 3.756 | Quarterly Revenue Growth (0.14) | Return On Assets (0.05) | Return On Equity (0.63) |
The market value of 3D Systems is measured differently than its book value, which is the value of DDD that is recorded on the company's balance sheet. Investors also form their own opinion of 3D Systems' value that differs from its market value or its book value, called intrinsic value, which is 3D Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3D Systems' market value can be influenced by many factors that don't directly affect 3D Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3D Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if 3D Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3D Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.