Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Stratasys SSYS shares have plunged 47.7% year to date underperforming the broader Zacks Computer and Technology Sector and the Zacks Computer-Peripheral Equipment Industry.
While the sector has returned 19.4% over the time frame, the industry has dropped 27.4%. SSYS has lagged its industry peers like Mercury Systems MRCY, Immersion IMMR and TransAct Technologies TACT.
Over the same timeframe, TACT shares have decreased 38%, whereas shares of IMMR and MRCY have gained 25.6% and 0.7%, respectively.
Stratasys’ results have been suffering from high interest rates, macroeconomic uncertainties and reduced capital equipment spending.
Stratasys’s total revenues, as reported for the first half of 2024, declined 8.8% year over year to $282 million. In the same timeframe, SSYS’ product revenues were $192 million, and service revenues were $89 million, down 8.2% and 9.8%, respectively.
Stratasys, Ltd. Price and Consensus
Stratasys, Ltd. price-consensus-chart | Stratasys, Ltd. Quote
Outlook Not so Rosy for SSYS’ Prospects
SSYS expects the issues to continue to negatively impact its second-half 2024 results due to delayed purchases and a longer sales cycle.
However, it expects consumables demand to remain steady over the foreseeable future despite recent weakness in hardware sales, which is expected to grow in the second half due to improved product pipeline, higher government sales and continued strength in dental.
The Zacks Consensus Estimate for both the third quarter of 2024 and the full year of 2024 earnings has shown a declining trend over the past 30 days.
The Zacks Consensus Estimate for third quarter 2024 earnings is currently pegged at 2 cents, down 71.4% over the past 30 days.
The consensus mark for earnings is pegged at 5 cents per share, down 64.3% over the past 30 days.
The consensus mark for third-quarter 2024 revenues is pegged at $152.6 million, indicating a year-over-year decline of 5.9%.
For 2024, the Zacks Consensus Estimate for revenues is pegged at $570 million, indicating a year-over-year decline of 9.18%.
Will 3D Printing Technology Aid SSYS’ Prospects?
Stratasys has introduced newer technology in 3D printing and has also partnered with AM Craft in an effort to maximize the benefit of additive manufacturing.
The user base of 3D solutions is increasing and is promising a long-term investment potential.
The global 3D printing market is estimated to be $17.5 billion in 2024 and is expected to increase to $37.4 billion by 2029, increasing by 16.4% during the period.
SSYS recently enrolled a patient in a clinical study to analyze the efficacy of 3D-printed models for orthopaedic oncology, making it one of its major milestones.
Will Restructuring be Successful in Rescuing SSYS Stock?
Stratasys has confirmed the implementation of two new strategies to increase value to shareholders.
First, it will aim to modify the cost composition to efficiently nullify the effects of macroeconomic volatility, primarily by reducing its workforce by 15%.
Second, SSYS expects to increase market share by utilizing its existing technology and innovation capabilities to drive an EBITDA margin of 8% at current revenue levels, starting the first quarter 2025.
In spite of the restructuring efforts, SSYS faces the purchase constraints of its current customers. Reduced capital spending are impacting Stratasys' revenues negatively.
Conclusion
SSYS stock is not so cheap as the Value Score of D suggests a stretched valuation at this moment.
Stratasys currently has a Zacks Rank #4 (Sell), which implies that investors should stay away from the stock for the time being.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Monday.
Shares of Alcoa Corporation rose sharply during Monday's session after the company agreed to sell its 25.1% joint venture stake in Ma’aden for $1.1 billion, including $950 million in Ma’aden shares.
Alcoa shares jumped 6.5% to $34.63 on Monday.
Here are some other big stocks recording gains in today's session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Technology stocks were declining premarket Monday as the SPDR S&P Semiconductor ETF was almost 2% lower and the Technology Select Sector SPDR Fund was recently down 0.7%.
Stratasys shares advanced nearly 5% after the company said its board has authorized a stock buyback plan for up to $50 million ordinary shares.
Intel has officially qualified for up to $3.5 billion in US government funding to make semiconductors for a secret military program, Bloomberg reported, citing unnamed sources. Intel shares were up more than 2% pre-bell.
Hewlett Packard Enterprise said Barclays has struck a new private cloud contract for Hewlett's GreenLake Cloud as a tool for Barclays' hybrid cloud strategy. Hewlett Packard Enterprise shares were down more than 1% premarket.
Stratasys, Ltd. shares are trading higher premarket Monday after the company approved a $50 million share repurchase program.
The repurchase program is part of Stratasys’ strategy to enhance shareholder value and follows its restructuring plan, which aims to save $40 million annually starting in the first quarter of 2025.
The plan included a 15% workforce reduction by year-end and a focus on high-growth products and solutions, along with achieving annualized EBITDA margins of 8%.
Yoav Zeif, Stratasys’ Chief Executive Officer, said, “Our focus is on generating significantly higher profit and cash flow by driving revenue, aligning costs and reinvesting in growth initiatives. In addition, we intend to return value to shareholders through a share repurchase program that reflects the Board’s confidence in our strategy and ability to deliver long-term profitable growth.”
Last month, the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss.
Stratasys held cash and equivalents of $150.86 million at the end of the second quarter of 2024.
Investors can gain exposure to the stock via Pacer BlueStar Engineering the Future ETF .
Price Action: SSYS shares are up 4.68% at $7.38 premarket at the last check Monday.
Read Next:
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Technology stocks were flat to lower premarket Monday as the SPDR S&P Semiconductor ETF (XSD) was down nearly 2% and the Technology Select Sector SPDR Fund (XLK) was recently down 0.7%.
Stratasys shares advanced by over 4% after the company said its board has authorized a stock buyback plan for up to $50 million ordinary shares.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.