Schaeffer's Top Stock Picks for '25

3D Systems Stock Bounces Near Key Price Point

DDD options look attractively priced considering earnings are coming up

Oct 24, 2018 at 10:01 AM
facebook X logo linkedin


3D Systems Corporation (NYSE:DDD) is trading up 4.3% at $17.40 this morning, after Piper Jaffray upgraded the stock to "neutral" from "underweight" and lifted its price target to $17 from $14. The brokerage firm cited the company's recent partnership with Align Technology (ALGN) as a source of future growth, along with the launch of DDD's Figure 4 platform.

Before today, the shares had been trending lower since peaking at $21.78 in late August, but seems to have found support at the $16 mark. This price point is significant for multiple reasons; not only is it double the equity's 12-month low, but it's the site of an early August bull gap and the July highs. On the whole, 3D Systems stock has been strong in 2018, more than doubling year-to-date.

Still, there's a ton of skepticism surrounding the shares. Short interest represents almost 24% of DDD's float, and only one of the eight analysts in coverage recommend it as a "buy." This combination of technical strength and bearish sentiment makes the stock an intriguing target, from a contrarian perspective.

Checking in on some options data, near-term volatility expectations seem rather low, considering the company is set to report earnings next Tuesday, Oct. 30. For instance, the security's Schaeffer's Volatility Index (SVI) of 94% ranks in the bottom third of readings from the past year, suggesting premiums on short-term contracts are relatively cheap at the moment.
 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter