Why 3D Systems Stock Was Soaring This Week
A beaten-down stock that had been unpopular for years experienced a bull run over the past few days -- 3D Systems (NYSE: DDD), an incumbent stock in the briefly hot 3D printing sector.
The company's shares were coasting on an encouraging quarterly earnings report, plus a subsequent price target bump by an analyst. According to data compiled by S&P Global Market Intelligence, week to date as of early Friday morning 3D Systems' price had risen by more than 17%.
3D Systems posted its second-quarter earnings release after market close on Monday, divulging that its revenue landed just shy of $95 million. This was lower than both the second-quarter 2024 figure ($113 million), and the consensus analyst estimate (nearly $104 million).
Source Fool.com
