The ExOne Company (NASDAQ:XONE) shares have more than 37.93 percent upside potential from the existing levels. This is based on the revised price target of Canaccord Genuity at $ 18.00 on the stock. Incidentally, the brokerage raised its price objective by $ 8 from its earlier level of $ 10.00. However, Canaccord Genuity has maintained its Buy rating on the stock, Benzinga reported.
Shares of The ExOne Company traded up $ 0.65 or 4.98 percent on Wednesday, reaching $ 13.70 with volume of 434.40 thousand shares. The stock opened positive for the day at $ 14.00, after closing the previous day trading at $ 13.05. According to the previous trading day, closing price of $ 13.05, representing a 267.61 % increase from the 52 week low of $ 3.55 and a 6.79 % decrease over the 52 week high of $ 14.00.
With respect to the key metrics, The ExOne Company stock has advanced $ 5.71 or 71.00 percent, reaching $ 7.99 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 4.03 or 42.00 percent, before arriving at $ 9.67 during the SMA50-day period.
The ExOne Company recently reported second quarter financial results on August 6, 2020, after market close, manufacturer of 3D printing machines communicated loss for the second quarter of $ 0.24 per share, from the revenue of $ 11.10 million. The quarterly revenues shrunk 27.36 percent compared with the same quarter last year. Street analysts expected The ExOne Company to report loss of $ 0.30 per share on revenue of $ 7.56 million for the second quarter. The bottom line results beat street analysts by $ 0.06 or 20.00 percent, at the same time, top line results outshined analysts by $ 3.54 million or 46.83 percent.
Moving ahead, the analysts surveyed by Thomson Reuters are predicting, The ExOne Company to report 3Q20 loss of $ 0.2 per share from revenue of $ 12.48 million. For the full year, analysts anticipate top line of $ 52.58 million, while looking forward to loss of $ 0.8 per share bottom line.
The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers. It also supplies associated materials comprising consumables and replacement parts; and other services, such as training and technical support services.
