perfect short entry? it might be! free money short? rsi/trendline send this thing flying down everytime we hit this resistance area, well it broke past once... so theres a couple outcomes here, if top trendline breaks look for more highs. but my analysis tell me we see a dip to 15-17 before the next leg up to 35-40!! goodluck and be patient :) leave a like friends! :)
1DDD trade ideas
3D Systems DDD Stock AnalysisThe Idea is to go long - Target price 32 usd
Fundamental Analysis
3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020
1. Close of sale of non-core software businesses for cash proceeds of approximately $64 million
2. Repayment of all debt outstanding under senior secured term loan
3. Official termination of ‘At-the-Market’ Equity Offering Program
4. Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
5. Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis
NYSE:DDD
Completes Sale of Cimatron and GibbsCAM Businesses3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020
- Announces Date of Fourth Quarter and Full Year 2020 Financial Results
- Close of sale of non-core software businesses for cash proceeds of approximately $64 million
- Repayment of all debt outstanding under senior secured term loan. With the paydown of the term loan, the company is now free of any outstanding debt but continues to have availability under its senior secured revolving credit facility, which remains fully undrawn at this point.
- Official termination of ‘At-the-Market’ Equity Offering Program
- Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
- Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis.
Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4.
Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter.
finance.yahoo.com
3d Systems Bubble Pattern AnalysisBubble Pattern Analysis - follows same pattern as many
Phase 1: Trending breakout of basing formation in a strong up-trending move
Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself).
Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before.
Phase 4: Upwards & & sideways non-trending consolidation. Typically choppy trading, but slightly upward move.
Phase 5: 3 Phase blowoff top - breakout of non-trending consolidation followed by a smaller upwards consolidation into final blowoff breakout top.
3D Stocks waking up to a post-Covid worldHas been steadily breaking out if this not too pretty inverted head and shoulder formation. After that the real work begins to get past the base constructed since the slump of 2014. This could still be a bumpy road, perhaps even see construction of another shoulder before eventual break out. For now on its way to its target of 12.38
$DDD: $10 Short + High Risk Long3D Systems is one of those companies that have potential in regards to their long standing history. Also, the earnings call does have positive potential given the demand for their expertise in these critical times. Please keep in mind, not to take anything I say seriously or at face value as financial advice. That being said, let us get into some key points. 3D systems have had a new CEO in 2016, after far negative spirals and correlations in their price. It has been 4 years, and if you have invested in 2016's price, you would have lost money by now. A short target for $10 is realistic, but even that has risk. A long hold could have some bullish potential, but I'm not sure I would recommend that with so much risk when there are lots of high growth stocks out there. Only time would tell.
$DDD 3D Systems Catches a Bid
Like many companies DDD finds that innovation is at its greatest in times of adversity,
The ability of their products to produce products without expensive tooling has meant that many small companies have now diversified into producing products needed in the fight against COVID-19 .
3D printing was once the hottest sector in tech and the next big revolution, but costs seen the stocks plummet this is finally a opportunity for positive marketing and application could reinvent the sector and place new reliance on its technology