In Monday morning trading, several companies have captured the attention of Mr. Market amid an increase in popularity. Generally speaking, since there are thousands of companies publicly listed, it is very important to pay attention to stocks that are the most often discussed by the masses. The markets opened with two main indices, S&P 500 (INDEXSP:.INX) and Dow Jones Industrial Average (INDEXDJX:.DJI) remaining almost flat, slightly appreciating. As follows, among some of the most popular stocks on Monday are 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS), and Tesla Motors Inc (NASDAQ:TSLA).
In this way, the 3D-printing industry has been a trendy space lately, with many news items featuring companies involved in the field. One of these companies is 3D Systems, which has added over 8% in stock price to $52.5 per share today. Since the beginning of the year, the stock of 3D Systems Corporation (NYSE:DDD) has gained about 46%, while its P/E ratio amounts to 116x. According to Analyst Ratings Network, Citigroup initiated coverage of the company and has set a “Buy” rating for 3D Systems, with the target price amounting to $125. Last week was also market by an event involving 3D Systems, more exactly – the acquisition of the UK-based company CRDM, Ltd., which is involved in production of parts and tools for automotive, aerospace, medical device and motorsports fields.
Another 3D printing company that should be mentioned is Stratasys, Ltd. (NASDAQ:SSYS), that has added almost 5% in today’s trading to around $111 per share. The year-to-day return of Stratasys’s stock amounts to around 38%, while the forward P/E ratio is situated at the 41.5 level. As well as with the 3D Systems, Citigroup today also initiated coverage of Stratasys, setting a “Buy” rating as well. Recently, Statasys subsidiary MakerBot announced a new desktop scanner for creating 3D Models, the MakerBot Digitizer Desktop 3D Scanner. The company has already started accepting pre-orders, with the price for the device amounting to $1,400.
Lastly we should mention Tesla Motors Inc (NASDAQ:TSLA). The automaker’s stock price has increased by about 6% to $171.5 on Monday, while since the beginning of the year, Tesla stock has surged by over 400%, which is the highest among auto manufacturers. Tesla’s forward P/E amounts to over 94, which shows that investors see a lot of potential in this company, and taking into account the constant growth of popularity and demand of Tesla Motors Inc (NASDAQ:TSLA)’s Model S vehicle and with another model on its way, it is a possibility that Tesla Motors will not disappoint its investors in the long-run.