Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Stratasys Stock Forming A Tradeable Bottom

By MarketBeat.com (Jea Yu )Stock MarketsJun 09, 2022 02:45AM ET
www.investing.com/analysis/stratasys-stock-forming-a-tradeable-bottom-200625527
Stratasys Stock Forming A Tradeable Bottom
By MarketBeat.com (Jea Yu )   |  Jun 09, 2022 02:45AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
ALSO
-0.32%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MDT
+3.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SSYS
+2.78%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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 (EPA:ALSO).

Prudent investors looking for entry into the 3D printing segment after the hype can watch for opportunistic pullback levels in Stratasys.

Stratasys, Ltd. Stock Chart
Stratasys, Ltd. Stock Chart

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 Mar. 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 (NYSE:MDT) 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 trajectory ranges from the $24.23 fib level.

Original Post

Stratasys Stock Forming A Tradeable Bottom
 

Related Articles

Candy Matheson
S&P: Still in a Technical Downtrend By Candy Matheson - Dec 01, 2022

Following Fed Chairman Powell's speech, the SPX rallied up to its downtrend line on the weekly timeframe, as shown on the chart. As I mentioned in on Aug. 21, the SPX is still in a...

Stratasys Stock Forming A Tradeable Bottom

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email