AWM Investment Co., Inc. recently announced the acquisition of new stake in Shapeways Holdings Inc. (NYSE:SHPW). This fresh investment now brings its stake to 3.33% valued currently at $0.89 million. In addition, Renaissance Technologies LLC raised its holdings by 0.21 million to 0.21 million shares.
With over 0.16 million Shapeways Holdings Inc. (SHPW) shares trading Friday and a closing price of $0.59 on the day, the dollar volume was approximately $93680.2. The shares have shown a negative half year performance of -37.33% and its price on 01/13/23 lost nearly -3.28%. Currently, there are 53.19M common shares owned by the public and among those 39.72M shares have been available to trade.
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 2,454,376 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 571,223 shares.
The top 3 mutual fund holders in Shapeways Holdings Inc. are Vanguard Total Stock Market Index, Lumyna Funds – PSAM Global Event, and Bridgeway Ultra Small Company Mar. Vanguard Total Stock Market Index owns 0.35 million shares of the company’s stock, all valued at over $0.19 million. Bridgeway Ultra Small Company Mar now owns shares totaling to 0.31% of the shares outstanding.
Shares of Shapeways Holdings Inc. (NYSE: SHPW) opened at $0.619, up $0.01 from a prior closing price of $0.61. However, the script later moved the day high at 0.6326, down -3.28%. The company’s stock has a 5-day price change of -0.14% and -5.54% over the past three months. SHPW shares are trading 8.50% year to date (YTD), with the 12-month market performance down to -79.23% lower. It has a 12-month low price of $0.50 and touched a high of $3.82 over the same period. SHPW has an average intraday trading volume of 130.46K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.89%, 2.47%, and -45.57% respectively.
Institutional ownership of Shapeways Holdings Inc. (NYSE: SHPW) shares accounts for 48.00% of the company’s 53.19M shares outstanding. Mutual fund holders own 36.72%, while other institutional holders and individual stakeholders account for 4.78% and 1.91% respectively.
It has a market capitalization of $30.10M. The earnings-per-share (ttm) stands at -$0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.10% over the week and 9.16% over the month.
Analysts forecast that Shapeways Holdings Inc. (SHPW) will achieve an EPS of -$0.1 for the current quarter, -$0.1 for the next quarter and -$0.42 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -498.90%, and -25.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Shapeways Holdings Inc. (SHPW) as a “Strong Buy” at a consensus score of 1.70. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SHPW, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on October 26, 2021, with the firm’s price target at $12. Craig Hallum coverage for the Shapeways Holdings Inc. (SHPW) stock in a research note released on October 26, 2021 offered a Buy rating with a price target of $13.