Stratasys (NASDAQ:SSYS) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Stratasys, Ltd. (NASDAQ:SSYS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.28 and traded as high as $11.10. Stratasys shares last traded at $10.95, with a volume of 693,328 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on SSYS. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Thursday. UBS Group reiterated an “overweight” rating on shares of Stratasys in a report on Friday, November 14th. Cantor Fitzgerald upped their price target on Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Needham & Company LLC decreased their price objective on Stratasys from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.75.

Stratasys Stock Down 1.0%

The firm’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $10.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.65. The firm has a market cap of $931.74 million, a PE ratio of -6.76 and a beta of 1.43.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, November 13th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Stratasys had a negative net margin of 22.69% and a negative return on equity of 0.72%. The firm had revenue of $136.97 million for the quarter, compared to analyst estimates of $136.60 million. During the same period last year, the business earned $0.01 EPS. Stratasys’s revenue for the quarter was down 2.2% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. As a group, equities research analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Stratasys in the third quarter valued at approximately $34,000. Raymond James Financial Inc. acquired a new position in shares of Stratasys in the 2nd quarter valued at $35,000. State of Alaska Department of Revenue purchased a new stake in Stratasys in the 3rd quarter valued at $45,000. Osaic Holdings Inc. boosted its stake in Stratasys by 66.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after purchasing an additional 3,282 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Stratasys during the 2nd quarter worth $113,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.