3D Systems Story

<div class='circular--portrait' style='background:#8B008B;color: #ffffff;font-size:4em;'>3S</div>
DDD -- USA Stock  

USD 32.42  4.17  14.76%

It looks like Canaan Inc will continue to recover much faster as its share price surged up 4.33% today to 3D Systems's 104.2705%. As many investors are getting excited about technology space, 3D Systems and Canaan Inc may be going in opposite directions. We are going to discuss some of the competitive aspects of both 3D Systems and Canaan.
Published over a week ago
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What should I buy Canaan (NASDAQ:CAN) or 3D Systems (NYSE:DDD)?
By analyzing existing basic indicators between 3D Systems and Canaan, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Canaan with a short position in 3D Systems. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. 3D Systems has an asset utilization ratio of 61.18 percent. This indicates that the company is making $0.61 for each dollar of assets. An increasing asset utilization means that 3D Systems is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as 3D Systems or Dominion is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is 3D Systems's Liquidity

3D Systems financial leverage refers to using borrowed capital as a funding source to finance 3D Systems ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. 3D Systems financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between 3D Systems's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for 3D Systems, but it might be worth checking our own buy vs. sell analysis

Correlation Between 3D Systems and Dominion Energy Midstream

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding 3D Systems together with similar or unrelated positions with a negative correlation. For example, you can also add Dominion Energy to your portfolio. If Dominion Energy is not perfectly correlated to 3D Systems it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When 3D Systems for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down. Please check pair correlation details between DDD and DM for more information.

Note

Are you currently holding both 3D Systems and Dominion Energy in your portfolio? Please note if you are using this as a pair-trade strategy between 3D Systems and Dominion Energy, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses.

Details

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Now, let's check 3D Systems revenue. Based on the latest financial disclosure, 3D Systems reported 546.48 M of revenue. This is 86.59% lower than that of the Technology sector and significantly higher than that of the Computer Hardware industry. The revenue for all United States stocks is 94.21% higher than that of the firm. As for Canaan Inc we see revenue of 1.8 B, which is much higher than that of the Computer Hardware

3D Systems546.48 Million
Sector0.0
Canaan1.8 Billion
546.5 M
3D Systems
Sector
1.8 B
Canaan

Can 3D Systems build up on the latest surge?

Latest semi deviation is at 3.76. 3D Systems is displaying above-average volatility over the selected time horizon. Investors should scrutinize 3D Systems independently to ensure intended market timing strategies are aligned with expectations about 3D Systems volatility.

Our Conclusion on 3D Systems

Although some companies under the computer hardware industry are still a bit expensive, 3D Systems may offer a potential longer-term growth to shareholders. Taking everything into account, as of the 8th of January 2021, our analysis shows that 3D Systems hyperactively responds to market trends. The firm is fairly valued and projects very low chance of bankruptcy for the next 2 years. Our latest 30 days buy vs. sell advice on the firm is Strong Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of 3D Systems. Please refer to our Terms of Use for any information regarding our disclosure principles.

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