Quick Win by the Algorithm: SSYS Catches Up With Its Competitors

Quick Win by the Algorithm

On April 18, 2017 the I Know First algorithm issued a bullish forecast for Stratasys Ltd. (SSYS). SSYS had a signal of 44.72 and a predictability of 0.48. As a result, in accordance with the forecast, the company’s stock increased by 31.50% within 1 Month, showing a quick win by the algorithm.

Quick Win By The AlgorithmStratasys Ltd. provides three-dimensional (3D) printing and additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its 3D printing systems utilize its patented fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.

Quick Win By The Algorithm

SSYS is not very far from its main rival: 3D Systems Corporation (DDD). In fact, many institutional investors raised their positions in Stratasys. Indeed, this is the case from Primecap Management Co., ARK Investment Management LLC, Arrowpoint Asset Management LLC, Royce & Associates LP and finally Norges Bank. They represent 59.25% of ownership of the company stock by hedge funds and other institutional investors.

Even though sales of 3D printers declined 2.8%, the EPS quadrupled. Futhermore, Stratasys Ltd.’s shares closed up 2.44% this Tuesday to hit a new 52-week high. The company has also recently debuted its Continuous Build 3D Demonstrator.

This bullish forecast on DDD was sent to current I Know First subscribers on April 18th, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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