• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
TheGreatNews.com
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
TheGreatNews.com
No Result
View All Result

Stratasys Stock Forming a Tradeable Bottom

in ENTREPRENEUR
Reading Time: 3 mins read
A A
Stratasys Stock Forming a Tradeable Bottom
Share Share Share Share Share

Related articles

These Labor Day Savings Are Too Good to Miss

Who Wins the Tug-of-War Going on in the Stock Market?

Leading polymer 3D printing solutions provider Stratasys (NASDAQ: SSYS) stock has fallen (-21%) during the 2022 technology bear market. The 3D printing leader has survived the first 3D printing speculative bubble nearly a decade ago that saw shares trading north of $100. Like most technologies that survive the Gartner Hype Cycle, a few companies actually rise from the ashes as true and mainstream applications for the technology develop. 3D printing is become more commonplace not just for consumers, but within manufacturing, aerospace, biotech, medical equipment, fashion, and automotive industries. The technology allows for design, prototyping, tooling, and final parts production. Stratasys launched its commercialized fashion solution with Techstyle to directly print to garments, potentially enabling customization and deep personalization for bags, accessories, and textiles. The Company is enabling companies to 3D print spare parts on the fly to reduce dependence on outside suppliers and rely too much on the global supply chain. Lead times were reduced by 95% for its transportation client Alstom. Prudent investors looking for entry into the 3D printing segment after the hype can watch for opportunistic pullback levels in Stratasys.


MarketBeat.com – MarketBeat

Stratasys Stock Forming a Tradeable Bottom

Q1 Fiscal 2022 Earnings Release

On May 16, 2022, Stratasys released its first-quarter fiscal 2022 earnings report for the period ended in March 2022. The Company reported a non-GAAP profit of $0.02 per share versus consensus analyst estimates for a loss of (-$0.04) per share, a $0.06 per share beat. GAAP operating losses was (-$19.6 million). Revenues rose 21.8% year-over-year (YoY) to $163.43 million beating consensus estimates for $157.45 million. The Company ended the quarter with $475.6 million in cash and no debt as of March 31, 2022. Stratasys CEO Yoav Zeif commented, “We have advanced a number of strategic initiatives thus far in 2022, including the announced MakerBot business combination with Ultimaker, the publishing of our inaugural ESG Sustainability Report, and our annual flagship manufacturing event where we showcased new offerings in materials, upgrades to existing printing platforms, and an expansion of our software capabilities. We are relentless about our focus on execution in our drive to grow our leadership position in polymer 3D printing. With our combination of best-in-class talent, systems offerings, Go-to-Market, and support infrastructure, combined with a robust balance sheet, Stratasys is positioned to build on our first quarter growth across the balance of 2022 and beyond.”

Forward Outlook

Stratasys expects fiscal Q2 2022 revenue growth to reach low to mid-teens as a percentage over Q2 2021. The Company expect fiscal full-year 2022 EPS to come in between $0.14 to $0.19 versus $0.16. Full year 2022 revenues are expected to come in between $685 million to $695 million versus $684 million consensus analyst estimates.

Conference Call Takeaways

CEO Zeif pointed out that Q1 2022 was the strong first quarter performance in six years with solid results across all platforms. All areas of the business showed improvement over pre-COVID 2019. He is excited for the new Origin p#, H350 SAF, and NEO systems that have gained early momentum. These systems are designed for higher volume production of end-use parts and lending to the growth of the Company’s leadership position in polymer 3D. The Company created a new entity comprised of MakerBot and Ultimaker to accommodate entry-level 3D printer users while it focuses on the larger healthcare, industrial, and production scale polymer 3D printing. Stratasys is also focusing on renewable energy projects to sustain eco friendly manufacturing solutions. It has helped its client medical device maker Medtronic save up to 80% of costs switching to 3D-printer tools from machine tools.

SSYS Opportunistic Price Levels

Using the rifle charts on the weekly and daily time frames provides a precision view of the landscape for SSYS stock. The weekly rifle chart peaked near the $27.62 Fibonacci (fib) level before collapsing towards the $15.60 fib to bottom out. The weekly downtrend stalled with the 5-period moving average (MA) going flat at $19.21 as the 15-period MA continues to fall at $21.57. The weekly 50-period MA sits at $23.63 above the weekly 200-period MA at $22.09. The weekly stochastic bounced through the 20-band test as it attempts to trigger the weekly market structure low (MSL) buy triggers on a breakout through the $19.70 level. The daily rifle chart has an uptrend with rising 5-period MA at $19.94 followed by the 15-period MA at $18.91. The daily 50-period MA is falling at $20.81 and 200-period MA is at $24.14 above the daily upper Bollinger Bands (BBs) at $21.50. Prudent investors can look for opportunistic pullback levels at the $17.90 fib, $16.75 fib, $15.60 fib, $13.97 fib, $13.00 fib, and the $11.89 fib level. Upside trajectories range from the $24.23 fib level up towards the $

Credit: Source link

ShareTweetSendPinShare
Previous Post

How to Enjoy Life Without Buying Lots of Stuff

Next Post

Vivaldi launches a free built-in email client with an integrated calendar and feed reader

Related Posts

These Labor Day Savings Are Too Good to Miss

These Labor Day Savings Are Too Good to Miss

August 30, 2022

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small...

Who Wins the Tug-of-War Going on in the Stock Market?

Who Wins the Tug-of-War Going on in the Stock Market?

August 30, 2022

Did you know that the tug of war was actually an Olympic sport from 1900 to 1920. Now, I'm generally a person who embraces the new...

Macy’s Value Lies Beneath its Stores

Macy’s Value Lies Beneath its Stores

August 30, 2022

Retail department store chain Macy's (NYSE: M) stock has had a rollercoaster ride in the past two years as shares trade down (-32%) for the year....

5 Mistakes to Avoid When Launching a Business in the Service Industry

5 Mistakes to Avoid When Launching a Business in the Service Industry

August 30, 2022

Opinions expressed by Entrepreneur contributors are their own. Many individuals, not necessarily entrepreneurs, dream of having their very own cafe. There is a riveting component to...

Does Micron’s Dividend Increase Mean It’s Time To Buy?

Does Micron’s Dividend Increase Mean It’s Time To Buy?

August 30, 2022

Memory-chip specialist Micron Technology (NASDAQ: MU) is up 4% since its June 30 earnings report. It rose as much at 18%, peaking at $65.42 in mid-August,...

Next Post
Vivaldi launches a free built-in email client with an integrated calendar and feed reader

Vivaldi launches a free built-in email client with an integrated calendar and feed reader

¿Tienes covid y sales negativo en la prueba? Hay familias en las que pasa

¿Tienes covid y sales negativo en la prueba? Hay familias en las que pasa

Renewable energy projects power up in tribal nations

Renewable energy projects power up in tribal nations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

insurance

“Life Insurance and its Impact on Overall Well-being”

January 24, 2023
TheGreatNews.com

This is an online news portal that aims to provide the latest updates about mindset, well being, positive news, wisdom, purpose, new technologies, entrepreneur, green energy, success, good life and stuff like that around the world. Feel free to get in touch with us!

© 2021 - TheGreatNews.com - All rights reserved!

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE

© 2021 - TheGreatNews.com - All rights reserved!