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 3D printing market was valued at USD 13.7 billion in 2020, and it is expected to reach a value of USD 63.46 billion by 2026, at a CAGR of 29.48% over the forecast period (2021 – 2026), as per Mordor Intelligence.
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.
List of Top Best 3D Printing Stocks
| Sr. | Company Name | Symbol | Price (As on 26th January 2022) | Market Capitalization |
| 1 | HP Inc. | HPQ | $ 35.23 | $ 38.78 billion |
| 2 | 3D Systems | DDD | $ 16.39 | $ 2.115 billion |
| 3 | Nano Dimension | NNDM | $ 3.51 | $ 867.29 million |
| 4 | Stratasys | SSYS | $ 21.51 | $ 1.41 billion |
| 5 | FARO Technologies | FARO | $ 53.14 | $ 950.147 million |
| 6 | Desktop Metal Inc. | DM | $ 3.88 | $ 1.137 billion |
| 7 | Materialise NV | MTLS | $ 18.38 | $ 1.09 billion |
| 8 | Proto Labs | PRLB | $ 47.76 | $ 1.3 billion |
| 9 | Ansys | ANSS | $ 318.07 | $ 27.62 billion |
| 10 | Autodesk Inc. | ADSK | $ 233.28 | $ 51.55 billion |
HP Inc. (NYSE: HPQ)
HP is well known for its computers and laptops. In the past two years, HP is focusing on enhancing its 3D printing business capabilities. During the pandemic, the company upscaled its 3D business capabilities. As per the company officials, HP and its partners have 3D printed more than 2.3 million parts to bridge supply chain gaps, enable local production, and help healthcare professionals on the front lines.
HP posted its yearly earnings report. The company reported:
- Net revenue of $63.5 billion, up 12.1% from the prior-year
- Non-GAAP diluted net earnings per share of $3.79
The company has reported a consistent increase in revenue. The below chart shows the quarterly breakdown of revenue growth over the past two years.
HP has a market valuation of around $39.3 billion. Its share is trading at a price of $36. The stock of the company has shown huge growth in the past two years. From a price of $25.53 at the start of 2021, the price of the HP share was $3767 at the end of 2021.
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3D Systems (NYSE: DDD)
3D Systems Corporation provides 3D printing and digital manufacturing solutions. The company’s products and solutions include 3D printers for plastics and metals, materials, software, maintenance and training services, and on-demand solutions. Its solutions support applications in two key industries
- Healthcare, which includes dental and medical devices services
- Industrial, which includes aerospace and transportation
The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi-jet printing, and color jet printers that transform digital data input generated by 3D design software, computer-aided design (CAD) software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names. Robotic stocks is an exciting investment opportunity for traders. Get to know everything about high frequency trading.
In its recent earnings report, the company reported:
- Revenue of $156.1 million, representing double-digit growth on a year-on-year basis
- Operating cash flow of $20.7 million, the fourth consecutive quarter of positive cash flow from operations
The company announced two acquisitions in the past year, which are expected to position the company for continued high-margin growth:
- Oqton,
- Volumetric Biotechnologies,
These new additions to the company’s portfolio will expand and accelerate the company’s growth in human and laboratory applications for bioprinting.
3D Systems has a market valuation of around $ 2.127 billion. The share of the company is currently trading at $16.56. during the pandemic when the demand for 3D products rose due to its efficient production, the share of the company at $47.88. During the year 2021, the stock went from $10.48 to $21.54, representing an appreciation of over 100% within a year.
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Nano Dimension (NASDAQ: NNDM)
Nano Dimension’s Products Have High Gross Margins And Recurring Revenue from:
- System sale
- Service contracts
- Consumables, i.e., materials
The company has recently introduced/acquired:
- DragonFly IV- It is a unique and innovative, first-to-market Dielectric & Conductive-Materials Additive Manufacturing System for the fabrication of High-Performance Electronic Devices
- Acquired Essemtec AG from Lucerne, Switzerland. Essemtec’s product portfolio is comprised of production equipment for placing and assembling electronic components on printed circuit boards. The products are leaders in adaptive highly flexible surface mount technology (SMT) pick-and-place equipment, sophisticated dispensers suitable for both high-speed and micro-dispensing, and intelligent production material storage and logistic system.
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In the recent quarterly report, the company reported:
- Revenues of $1,340,000
- operating loss was $24,507,000
- Cash and deposits balance of $1,385,391,000
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Nano Dimension has a market capitalization of around $864 million. Its share is trading at a price of $3.37. the company stock peaked during the first quarter of 2021 at a price of $15.6.
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Stratasys (NASDAQ: SSYS)
Stratasys manufactures 3D printers and 3D production systems for office-based rapid prototyping and direct digital manufacturing. The company is ready to launch two new mass production systems. Moreover, Stratasys is en route to being the first choice for polymer 3D printing.
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Third-quarter results demonstrate continued strength in growing our market. Stratasys reported a 24.3 % increase in revenue, in the third quarterly report. The below chart shows the quarterly breakdown of revenue in $ million. Revenues have been consistently rising. But Stratasys remains an unprofitable operation.
Stratasys has a market capitalization of around $1.434 billion. Its share is trading at $21.91. The share experienced a huge spike in price at the start of 2021. During the year 2021, the share appreciated by approx. 6% from a price of $20.72 to $21.91.
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FARO Technologies (NASDAQ: FARO)
FARO Technologies designs, develops, manufactures, markets, and supports computer-aided measurement and imaging devices and software. They are used for inspecting components and assemblies, production planning, documenting large volume spaces or structures in 3D, surveying, and construction as well as for investigation and reconstruction of accident sites or crime scenes. Globally, approximately 15,000 customers are operating more than 30,000 installations of FARO’s systems. Investors who are looking to benefit from the rising technology by earning profits should consider the drone stocks for investment.
The quarterly breakdown of Revenue and gross margin is shown in the graph below. The company has maintained its revenue after the setback during the pandemic. Moreover, the company has managed to maintain its gross margin ratio, despite a small drop in Q2 2020.
FARO has a market valuation of around $937.4 million. Its shares are trading at $51.49. after the deep plunge due to the pandemic, the company’s stock recovered pretty quickly. In fact, the stock price spiked up to $94.79 from the lows of $36.28. By using the stock signals, you can avoid hours of technical analysis to understand the market.
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Desktop Metal Inc. (NASDAQ: DM)
Desktop Metal manufactures 3D printing solutions for all scales of production—from complex prototypes and on-demand tooling to the rapid manufacture of thousands of parts. The company is en route to becoming the leader in additive manufacturing for mass production. There are plenty of investment opportunities to take advantage of this rapidly growing sector. EV stocks is one of them.
Its flagship product is the Production System P-50 printer. The company recently announced that it will be upscaling its production after increasing the manufacturing capacity at its Massachusetts facility
Desktop Metal has a global distribution and network of 200 plus partners spanned across more than 65 countries.
In the recent quarterly report, the company reported:
- $25.4 million revenue, a 907% increase on a year-on-year basis
- Gross Margin of 27%
- Cash and cash equivalents of $423.9 million
Revenue has been consistently increasing since last year, as shown in the below chart.
The market valuation of Desktop Metals is $1.17 billion. Its share is trading at $3.75.
Materialise NV (MTLS)
Materialise NV is a Belgium-based company that provides additive manufacturing software and three-dimensional (3D) printing services. It operates through the following business segments:
- Materialise Software
- Materialise Medical
- Materialise Manufacturing
In the recent quarterly report, the company reported:
- Total revenue of 52,195 kEUR (approx, $58,531) an increase of 28% year on year
- Net profit of 8,652 kEUR, (approx. $ 9,702)
- Total cash was 194,946 kEUR (approx. $ 218,612) at the end of the quarter.
Materialise has a market capitalization of around $1.2 billion. Its share is trading at $20.44. After the pandemic-driven market crash, the stock price picked up the pace and peaked at $77.37, from the lows of $12.95.
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Proto Labs (NYSE: PRLB)
Proto labs are the world’s fastest source for custom prototypes and low-volume production parts. The company uses industrial 3D printing, CNC machining, sheet metal fabrication, and injection molding technologies to produce parts within days. The company offers the following services:
- Injection Molding
- CNC Machining
- 3D Printing
- Sheet Metal
In the recent quarterly report, the company reported:
- Record Revenue of $125.3 million, an increase of 16.6% year-on-year
- Earnings per share of $0.35
Proto labs have a market valuation of around $1.37 billion. Its share is trading at $49.78. the share of Proto labs shot during 2020 till the first quarter of 2021. After that, the stock started depreciating.
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Ansys (NASDAQ: ANSS)
Ansys is the global leader in engineering simulation. The company offers the best and broadest portfolio of engineering simulation software. Through its products, its clients solve the most complex design challenges and engineer products limited only by imagination.
In the recent quarterly report, the company reported:
- Revenue of $441.2 million
- Earnings per share of $0.97
- Operating cash flows of $157.8 million
The company has experienced double-digit growth during the third quarter which is backed by multi-physics product leadership and strong customer relationships. The recent acquisition of Zemax technologies is likely to enhance the services Ansys offers to its customers. As a result of this new addition, Ansys product portfolio will offer customers comprehensive, end-to-end solutions for simulating next-generation optical and photonics products.
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Autodesk Inc. (NASDAQ: ADSK)
Autodesk is a global leader in design and making technology. It has expertise across:
- Architecture, engineering, and construction professionals
- Product design and manufacturing professionals
- Media and entertainment professionals.
The company has smartly shifted from a legacy software model to a software-as-a-service model. As a result, the company is growing and experiencing double-digit growth. The pharmaceutical stocks growth rate has accelerated in the past few years and the pandemic has pushed the growth of this industry in an upward direction.
In the recent quarter, the company reported:
- Total revenue of $1.12 billion
- Free cash flow of $257 million
- Operating margin of 32%
The company’s market valuation is at $54.54. the share of the company is trading at $247.72. the share price has shown moderate level volatility in the past two years. Despite the volatile performance the share has continued to climb. In the year 2021, the share has declined by roughly 10%.
CONCLUSION
The story of using realistic 3D-printed models to separate cojoined twins not only brought joy for many people. It also paved the way for the increased demand for 3D technology and the companies developing it. The technology is remaking a growing number of industries — from aviation to auto manufacturing, to clothing, and even fast food. 3D printing is a top trend that investors should take advantage of, today. Moreover, the growth within this sector is outstanding.
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The above-listed stocks are amongst the key players within the 3D industry, Not only, each company has been successful in contributing towards the revolutionary change this technology is bringing. The above-listed companies have been heavily investing in making lives easier by providing efficient solutions to problems.
Disclaimer: None of the information published in this article should be construed as investment advice. Article is based on author’s independent research, we strongly advise our readers to always do their due diligence before investing.
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