zSpace (NASDAQ:ZSPC) Trading Down 4.1% – Should You Sell?

zSpace, Inc (NASDAQ:ZSPC)’s share price fell 4.1% during mid-day trading on Thursday . The company traded as low as $0.3174 and last traded at $0.3384. 542,996 shares changed hands during trading, a decline of 30% from the average session volume of 773,437 shares. The stock had previously closed at $0.3530.

Analyst Upgrades and Downgrades

ZSPC has been the subject of a number of analyst reports. Northland Securities downgraded shares of zSpace from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Barrington Research reduced their price target on zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Wall Street Zen downgraded zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, zSpace has a consensus rating of “Hold” and an average price target of $6.00.

zSpace Trading Up 5.8%

The stock’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $1.18. The stock has a market cap of $10.40 million, a price-to-earnings ratio of -0.45 and a beta of -0.55.

zSpace (NASDAQ:ZSPC) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The business had revenue of $8.79 million during the quarter, compared to analysts’ expectations of $8.43 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in zSpace stock. XTX Topco Ltd acquired a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned approximately 0.05% of zSpace as of its most recent SEC filing.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.