Top 3D Printing Stocks for Q4 2022
Companies that offer goods and services and can produce various goods using modern printing techniques make up the 3D printing sector. Through additive manufacturing, called 3D printing, tangible objects are produced from digital designs. To print such objects, thin layers of material-such as liquid or powdered plastic, metal, or cement-are laid down, and then the layers are fused accordingly. It is a ground-breaking technology that has the potential to upend the manufacturing logistics and inventory management sectors, despite being still too slow for large production. Only a small number of businesses operate in the 3D printing sector, including Proto Labs Inc., Faro Technologies Inc., and Desktop Metal Inc.
Since the industry is so new, there is no useful benchmark index. However, it is possible to compare the performance of these equities with the broader market as represented by the Russell 1000 Index. These stocks haven't done well lately. The best-performing 3D printing stock, Stratasys Ltd. (SSYS), has significantly lagged the Russell 1000, generating a total return of -12.5% over the last 12 months.
Cheapest 3D Printing Stocks
The cheapest 3D printing stocks category has the lowest price-to-sales (P/S) ratio over the last 12 months. This statistic can be used as a rough gauge of a company's value for businesses in the early phases of development or sectors experiencing significant shocks. When a company achieves (or returns to) profitability, it may eventually generate greater profit. The price-to-sales ratio displays the cost of the stock relative to the revenue generated by sales. Here are some notable best-value 3D printing stocks:
3D printers, polymer materials, a software ecosystem, and associated parts are all provided by Stratasys Ltd. It supports numerous sectors, including consumer goods, healthcare, aerospace, and automotive industries. On September 13, Stratasys completed the acquisition of Ultimaker, a provider of 3-D printing platforms, by its MakerBot subsidiary. NPM Capital is a backer of Ultimaker. The combined business will help retain the brand Ultimaker and concentrate on offering materials, equipment, software, and solutions to the sector. NPM Capital will have 53.5% of the new company's equity, while Stratasys will hold the remaining 46.5%.
Proto Labs Inc.
Proto Labs is an online retailer that offers services mainly for digital manufacturing. It provides sheet metal fabrication, CNC machining, 3D printing, and injection moulding. Proto Labs released its financial results for the three months that ended on June 30, 2022, on August 5. In the most recent quarter (compared to the year-ago quarter), net income decreased by more than 80% to $2.6 million, while revenue increased by 3.1%.
3D Systems Corp.
This company offers 3D printing services. The business provides a variety of equipment, tools, and materials made for additive manufacturing. The aerospace, automotive, semiconductor, healthcare, and other industries and sectors employ its goods and services.
Most Rapidly Increasing 3D Printing Stocks
The 3D printing stocks with the strongest year-over-year (YOY) revenue growth for the most recent quarter are those listed under the list of rapidly increasing 3D printing stocks. Investors might locate growing businesses that haven't yet achieved profitability by looking for companies with rising sales that have the opportunity to increase revenue organically or through other means. Additionally, accounting considerations that might not accurately reflect the company's overall health might have a big impact on earnings per share. Sales growth, however, has the potential to be deceiving about a company's strength if it doesn't have a strategy in place to turn a profit. This is especially true for organizations that are currently losing money.
Nano Dimension Limited
An Israeli business, Nano Dimension, specializes in creating hardware and software for 3D-printed electronics. It creates nanotechnology-based inks and printers for multilayer printed circuit boards. Consumer electronics, healthcare, aerospace, and the automobile industries are just a few of the sectors the organization supports. Nano Dimension published its Q2 2022 results on September 1. Despite a more than 13-fold increase in revenue, the company's net loss substantially increased to $40.0 million from a loss of $13.6 million compared to the same quarter last year. The greater loss in the second quarter was fuelled partly by non-cash adjustments totalling $10.9 million for depreciation and amortization costs, as well as share-based compensation.
Desktop Metal Inc.
Desktop Metal produces 3D printers and related tools for creating intricate metal parts. It also provides software for 3D printing. The business services various sectors, including heavy industry, consumer goods, automotive, and education. The business released its Q2 2022 results on August 8. Despite tripling revenue, Desktop Metals' net loss increased nearly seven-fold to $297.3 million in contrast to the same quarter last year.