3D printing technology applications are growing across a variety of industries. Here’s a look at the top 3D printing stocks on the NASDAQ and NYSE year-to-date.
The 3D printing sector is an exciting market with unique opportunities for savvy tech investors.
The global 3D printing market was worth around US$13 billion in 2020, according to Statista, and is expected to grow at a compound annual growth rate of 26 percent to reach US$40.8 billion by 2024.
The firm explains that this growth will come as 3D printing continues to take on new applications across a wider range of industries. For example, one of the fastest-growing segments for 3D printing services is in metals and metal alloy printing. As more companies acquire their own 3D printers, the 3D printing software segment is expected grow faster than the 3D printing services segment.
Here the Investing News Network takes a look at three top 3D printing stocks by year-to-date gains. Data was gathered on May 24, 2021, using TradingView’s stock screener; companies listed on the NASDAQ and NYSE with market caps above US$10 million were considered.
1. 3D Systems (NYSE:DDD)
Current share price: US$27.91; year-to-date gain: 166.32 percent
3D Systems comes in first on this top 3D printing stocks list. The South Carolina company engineers, manufactures and sells 3D printers, 3D printing materials, 3D scanners and offers a 3D printing service. Chief Technology Officer Chuck Hull invented stereolithography, the technology behind 3D printing, and obtained a patent for it in 1986. 3D System offers its products to the healthcare and industrial markets, servicing sectors such as medical, dental, aerospace and defense, automotive and durable goods.
The company’s revenue for the full 2020 year came in at $557.2 million, a decline from 2019 levels due to COVID-19. However, 3D Systems’ results for the first quarter of this year show a revenue increase of 7.7 percent to $146.1 million, compared to $135.6 million in the year-ago period.
3D Systems’ stock price reached a 2021 high of US$56.50 per share on February 10, after it revealed plans to expand its metals and polymer advanced manufacturing capability, customer collaboration and training center and materials development laboratories.
2. Voxeljet (NASDAQ:VJET)
Current share price: US$13.76; year-to-date gain: 40.98 percent
Second on this top 3D printing stocks list is Voxeljet, which claims to manufacture the world’s largest and most powerful industrial 3D printing systems for large components or large runs of smaller components. Its customer base is spread across Europe, the Middle East, Africa, the Asia Pacific and the Americas.
Founded in 1999, Voxeljet’s products and services are sought after by companies in a myriad of industries, including automotive, aerospace, art and architecture, engineering and consumer product end markets, as well as universities and research institutes.
Dr. Ingo Ederer, CEO of Voxeljet, recently spoke about his company’s accomplishments so far in 2021, commenting, “We are off to a decent start in 2021 and reached significant technological milestones: in High Speed Sintering, we successfully printed and sintered with our new 3D printer on what we believe to be the largest build area for polymer sintering in the industry. A day-long stress test was also successful.” Ederer added that Voxeljet is in advanced discussions with large chemical companies regarding joint material development projects.
Voxeljet’s stock price reached a high this year of US$40 per share on February 19 following the completion of a $12 million direct offering earlier in the week.
3. Stratasys (NASDAQ:SSYS)
Current share price: US$22.52; year-to-date gain: 8.69 percent
Rounding out this top 3D printing stocks list is Stratasys. The company has been in the business since 1988, and is a provider of 3D printing and additive manufacturing solutions, including entry-level desktop 3D printers, systems for rapid prototyping and production systems for direct digital manufacturing.
Stratasys provides its services to a range of industries, such as the aerospace, automotive, consumer products, dental and medical sectors.
The 3D printing mammoth has had a plethora of news so far this year. At the start of 2021, Stratasys acquired Origin, which has invented a new approach to additive manufacturing using programmable photopolymerization to produce end-use parts with accuracy and consistency.
“The completion of this acquisition marks an important milestone for Stratasys, positioning us to generate meaningful incremental revenue from a wide range of new market opportunities for mass production,” said Stratasys CEO Yoav Zeif at the time of the purchase.
For the full 2020 year, the company reported revenue of US$520.8 million, a decline from 2019. Its Q1 revenue came in at US$134.2 million compared to US$132.9 million in the first quarter of 2020. The company’s stock price peaked this year at US$56.95 per share on February 8.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.