3d Printing Stocks To Buy
In 2022, most investors have been eager to sell off their more aggressive assets. By way of example, consider that while the broader S&P 500 is down a little over 20%, we can see a big divide in the kinds of stocks that are falling and those that are hanging tough; top utility or consumer staples sector ETFs are down only about 10% this year, while the average technology sector fund is down closer to 30%.
3d printing stocks to buy
With that in mind, it must be noted that it is risky to dive headfirst into a dynamic and growth-oriented investment area like 3D printing stocks right now. However, with dirt-cheap valuations and continued long-term upside for this fascinating manufacturing model, it could be wise to start looking around for bargains. After all, consumer staples and utilities may be a good place to hide out in the next few months but won't provide the long-term growth that many investors are looking for.
In case you're unfamiliar with 3D printing, the term is simply a fancy way to refer to "on-demand" manufacturing. Instead of printing out a two-dimensional pamphlet or a picture on ink and paper, you're simply using specialized design software and manufacturing equipment to cut or assemble materials into real goods or parts. One of the most compelling applications of this technology is the use of 3D printers by aid groups like Enabling the Future to provide cheap prosthetics for disabled children in poor corners of the world, offering custom devices cheaply and quickly.
Proto Labs is a roughly $1 billion "digital manufacturer" of custom prototypes as well as offering on-demand production of parts using 3D printing, laser cutting and computer imaging technologies. The Minnesota company was established back in 1999, and has evolved to keep up with the most cutting-edge processes (if you'll pardon the pun).
PRLB's evolution from a more traditional fabricator to a 3D printing stock means that it can participate in the upside of this technology but also rely on existing business and customer relationships. As a result, it's comfortably profitable on top of plotting forward growth; earnings per share should grow from $1.55 last year to $1.67 this year and then $2.04 in fiscal 2023. Thanks in part to these financials, the stock is only down about 10% this year through June 17, while the broader S&P 500 has crashed roughly twice as hard.
In 2021, Proto Labs acquired the Netherlands-based Hubs in a deal worth $280 million to bolster its 3D printing partner network. That should ensure the growth continues in the years ahead for this dynamic stock, too.
DM is a great example of the promise as well as the risks associated with 3D printing stocks. The company is a computer hardware company focused on "additive manufacturing technologies" for engineers, designers and producers worldwide. This includes small-scale Studio System technologies as well as the potential for mass production runs. In fiscal 2022, revenue is set to grow by more than 120%, and another 34% increase in the top line is expected in fiscal year 2023. The company is still burning cash however, and fears of higher borrowing costs along the risk of a recession that could create headwinds has weighed heavily on the stock.
This is assuredly a high risk investment in the space, but if you want a 3D printing stock that is showing impressive expansion right now then Desktop Metal could still be worth a look after its recent declines.
NNDM has crashed more than 60% in the last 12 months as Wall Street has gone decidedly "risk off." But if you're adventurous, this startup is a way to get in on the ground floor of a 3D printing stock that has high risk but high potential rewards.
Materialise might seem like it would be one of the more stable stocks on this list, with steady double-digit revenue growth and consistent, if modest, profitability. However, it too has taken it on the chin in 2022 with declines of more than 44% year to date, as of June 17.
That said, it's always a gamble to bet on a company in a dynamic industry and doubly so on a company that is going "all in" during a time of extreme volatility instead of relying on legacy assets to smooth things out. Still, if you want to play the 3D printing revolution, then this stock is a leader to consider.
Factors contributing to this growth include mass customization, production of complex parts, government investment in 3D printing and improvements with respect to efficiencies in the manufacturing process.
First on this list of top 3D printing companies is multinational software developer AutoDesk. The company makes 3D design software products and provides services for a broad range of industries, including architecture, engineering, construction, manufacturing, media, education and entertainment.
Altair Engineering is a software and cloud solutions provider with a focus on simulation, high-performance computing and artificial intelligence. Altair is also establishing a footprint in the field of 3D printing; the company states that its software provides a simulation toolchain to support production designs.
For example, the global technology firm's Inspire Print3D product reduces product development time and additive manufacturing costs. In mid-2022, Altair expanded its 3D printing business with the acquisition of 3D printing design software and consultancy firm Gen3D, a spinout started at the University of Bath in the UK.
Stratasys has been in the 3D printing business since 1988, and operates primarily in the healthcare, aerospace, automotive and education markets. Globally it holds over 600 granted or pending additive manufacturing patents.
Proto Labs specializes in rapid prototyping using three additive processes: stereolithography, selective laser sintering and direct metal laser sintering. It also uses its additive manufacturing technology to produce plastic parts using 3D carbon digital light synthesis printing methods. The firm launched its industrial-grade 3D printing services in 2014, and is now a leader in helping developers, designers and engineers move from prototyping to low-volume output.
Desktop Metal designs and markets metal 3D printing systems for engineers, designers and manufacturers. The company has experienced rapid growth over the past few years, including through headline-grabbing acquisitions.
3D printing, also known as additive manufacturing, is a process where three-dimensional solid objects are created layer by layer using a digital file. Notably, 3D printing enables the production of complex shapes using less material than traditional manufacturing processes.
Depending on the complexity of the object to be produced, 3D printing uses different types of support structures to maintain part geometry. Two of the most common are a flat lattice structure and a tree-like support structure.
3D printers can use a wide range of materials, including: plastics, powders, metals, concrete, liquid resins, ceramics, carbon fiber, graphene, paper and even edibles such as chocolate. The most common raw material for 3D printing is plastic, although many state-of-the-art 3D printers use powdered materials.
The products 3D printers can make are endless. Consumer products such as eyewear and footwear, and even furniture can be produced with 3D printers, as can industrial products such as manufacturing tools, end-use parts and prototypes. 3D printing is also quickly being adopted by the dental and prosthetic industries. The military and aerospace sectors are using 3D printers for the production of parts for naval vessels, airplanes and vehicles.
The industry is still considered to be in its infancy as the true potential of 3D printing technology has yet to be fully unlocked. Thanks to the inherently flexible nature of 3D printing, its use cases will continue to grow and evolve over time. While not perfect, there is no doubt that 3D printing will increasingly shape new manufacturing techniques in everything from automobile manufacturing to healthcare in the coming decades.
The two companies will work on specific industrial-scale projects involving data handling and environmental, health and safety topics. Additionally, the new partnership will work to promote the benefits of additive manufacturing 2.0 technologies, with a focus on binder jet 3D printing as a key technology solution that can reduce waste, produce more, and build more resilient supply chains.
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain.
As the 3D printing industry grows in size and scale over the coming decades, numerous market participants will compete to grab market share. Listed below are additional 3D printing stocks to watch in 2023:
And if that statistic I referenced above is correct, then investors could expect roughly 20% growth over the next several years from the 3D Printing ETF. The 3D printing ETF is designed to track the returns of the Total 3D-Printing Index. It follows a policy of investing at least 80% of assets into securities from within that specific index.
FARO stock should continue to appreciate in price in 2022. Broad indications including revenue figures suggest that the company is headed in the right direction. The 3D printing systems company should record in the ballpark of $341 million of revenue in 2021. That is expected to reach $389 million in 2022, representing an approximate 14% projected growth on a top line basis.
The 3D printing industry has been developing for some time. This technology has been revolutionizing the way we make things. Like all industries, the 3D printing industry was also affected by the COVID-19 lockdown. However, this industry managed to rebound rather quickly by taking advantage of its technology.
The tech sector is huge and increasing by the moment. Since the development of technologies like AI enables automated printing for efficient production, the adoption of 3D Printing devices has accelerated. Like AI stocks, tech stocks governments worldwide have started investing in R&D on 3D printing. Within this sector, selective laser sintering (SLS) has been identified as the most preferred technology. It is expected to record the highest CAGR over the forecast period, owing to its various benefits over other technologies. 041b061a72