3D printing veteran 3D Systems (NYSE: DDD) has seen better days. The stock has set fresh 10-year lows on a daily basis in recent weeks. Share prices have crashed 47% lower year to date, and we're looking at a 95% plunge from the lofty heights of $97 per share in early 2014.
Is 3D Systems' stock likely to bounce back from this dark trough, or are the company's glory days gone for good? Let's have a look.
3D Systems has been struggling for years. Annual sales fell 6% between 2015 and 2019, operating profits are consistently negative, and the company is burning cash is nearly every quarter. A new CEO took the reins in May , and 3D Systems has gone through three CFOs in less than four years. The executive changes were planned long before the COVID-19 pandemic came along to add new challenges to an already difficult business environment.
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Near a 10-Year Low, Is 3D Systems a Buy?