3D Systems Corporation (DDD) jumped 10% on Thursday morning, after beating earnings estimates and boosting guidance. The 3D printing company reported earnings per share (EPS) of $0.05 and total revenue of $166 million, compared to estimates of $0.00 for EPS and $163.5 million for revenue.
We see potential for DDD to rise to $14, however the stock is expensive and struggles with profitability, despite today’s results. In analyzing DDD’s market cycles, there may be a better buying opportunity in May. The market cycles are designated by the semicircles at the bottom of the chart.
3D Systems (DDD) Stock Chart with Weekly Bars
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