Relatively speaking, 2017 has been a good year so far for the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT), gaining 29.92 percent year-to-date to 3,726.91 points at the close on Monday (October 2).
Part of the NASDAQ’s overall growth can be attributed to the rise of some of its top 3D printing stocks–such as Stratasys (NASDAQ:SSYS), which has gained nearly 50 percent since January 1. Stratasys’ share price increase should come as no surprise as the company has had a busy year; case in point, from targeting professional prototyping with an engineering-grade 3D printing solution, to a new dental 3D printer for orthodontics, to its FDM 3D printing service being used to support the German space exploration to Mars, Stratasys has no doubt been a hot company to watch for.
That said, a number of smaller market cap 3D printing companies have also made headlines so far in 2017. With that in mind, here the Investing News Network (INN) looks at the 4 top 3D printing stocks on the NASDAQ year-to-date. The companies listed below have market caps of less than $1 billion with data based off Google Finance. Here’s a closer look at those companies.
1. Materialise (NASDAQ:MTLS)
Market cap: $705.87 million; year-to-date gain 93.75 percent; current share price: $14.88
First on our top 3d printing stocks on the NASDAQ is Materialise–a company based in Belgium currently engaged in additive manufacturing, or 3d printing. Materialise has over 25 years’ experience in software solutions, engineering and 3d printing services.
The company’s services can be found in a number of industries, including: healthcare, automotive, architecture, art and fashion, aerospace, art and design, consumer goods, eyewear, and so on.
On that note, Materialise has had a full plate so far in 2017. To start the year, the company announced a collaboration with Siemens to advance additive manufacturing. In April, Materialise then announced that it, together with Siemens, had successfully integrated the additive manufacturing technology and streamlined the design to a manufacturing process to be used for products that are produced using 3D printing.
Then in mid-June, Materialise announced that its 3D imaging and printing had helped improve clinical trials. For example, the release states that through the company’s 3D imaging and printing solutions, surgeons and device companies were better able to analyze and select patients for clinical trials based on their anatomy.
During the last quarter, Materialise posted its Q2 2017 results, noting a 21.8 percent revenue increase compared to the same quarter in 2016.
While those are just a few examples of the news Materialise has released so far in 2017, it’s easy to see why the company tops our 3D printing stocks list. In September, the company then announced that its Maxillofacial Implants in titanium were “the first to get green light for US market.” On September 20, Materialise then announced the launch of PrintWorksPro, a collaboration with Structo, aimed at simplifying 3D print file preparation for dentist professionals.
2. Perceptron (NASDAQ:PRCP)
Market cap: $75.40 million; year-to-date gain: 19.73 percent; current share price: $7.95
Next on our top 3D printing stocks on the NASDAQ is Perceptron, a company that develops, produces, and sells a number of automated industrial metrology products to manufacturing organizations for dimensional gauging, dimensional application and 3D scanning.
More specifically, Perceptron’s products range from 3D machine vision solutions, robot guidance, and coordinate measuring machines to name a few.
On March 30, Perceptron announced that one of its customers placed an order for its Helix dimensional gauging solutions in a number of European facilities. In early August, the company announced it had received a helix 3D scanning sensor order from China, while in September Perceptron announced it had been awarded a multi-plant, multi-station project.
3. ExOne (NASDAQ:XONE)
Market cap: $180.33 million; year-to-date gain: 19.7 percent; current share price: $11.18
Third on our list is ExOne, whose business is primarily building and selling 3D printing machines, and 3D printed products to industrial customers, including those in the pumps, automotive, aerospace, heavy equipment and energy industries.
According to its website, the ExOne process uses Binder Jetting technology for industrial materials and allows for manufacturers the ability to reduce costs and lower trial and error risks, to name a few.
In late January, ExOne announced that it would be refocusing on its industrial sand core and mold binder jet 3D printing services in North America. Following that, the bulk of the company’s press releases have been fourth quarter and full year results for 2016, and its first quarter results for 2017–which may have still been positive impacts on its share price increase year-to-date.
On September 20, ExOne announced that it had expanded the availability of its 17-4PH stainless steel as a printable material at the North Huntingdon production service center.
4. FARO Technologies (NASDAQ:FARO)
Market cap: $640.75 million; year-to-date gain: 6.53 percent; current share price: $38.35
Rounding out our 4 top 3D printing stocks on the NASDAQ is FARO Technologies, a company that develops and markets portable coordinate measuring machines and 3D imaging devices in efforts to solve dimensional metrology issues. With that in mind, the company has a wide range of products that are sold through direct sales force in a range of manufacturing, including: industrial, architecture, surveying, building construction and even law enforcement applications.
At the end of May it was announced that FARO and CyArk had entered a partnership, which will allow for CyArk to “optimize and accelerate” its mission to advance a laser scanning solution. Then in mid-June, the company announced the release of its Faro Zone 3D for public safety professionals. In early August, FARO introduced the Next Generation FaroArm. Similarly, in mid-August FARO announced the FARO Quantum FaroArm, an extension of the FaroArm announced in August. Finally, in September FARO announced its FARO Visual Inspect product.
While FARO’s share price increase year-to-date is minimal, it’s clear to see there is still much to be excited about the company.
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This is an update to an article originally published in 2017.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.