Besides 3D Systems Corporation (DDD), What Other Stocks Should You Watch in This Space?

Page 1 of 2

3D Systems Corporation (NYSE:DDD) is arguably the most visible player in the burgeoning 3D printing sector. The company has entered the consumer marketplace by offering its Cube printer to retail consumers, and recently announced a deal with Staples for the sale of the printer. Generally, 3D printing seems to be the stuff of science fiction that is quickly becoming a reality. However, the industry is in its nascent stages, and it is unclear how the use of the technology will play out both commercial and consumer ends. As a result, stocks in the sector, including 3D Systems Corporation (NYSE:DDD), have volatile trading patterns. Still, the sector seems poised for growth, and investors may want to examine whether 3D Systems Corporation (NYSE:DDD) or one of its competitors is ripe for an investment.

3D Systems Corporation (NYSE:DDD)

What should you know about 3D Systems?

3D Systems Corporation (NYSE:DDD) is focused on manufacturing 3D printing and rapid prototyping printers for both commercial and consumer purposes. The company recently stated that its revenue for Q1 of 2013 grew 31% to $102.1 million from the prior year quarter. Revenue from 3D printers and other products increased $15.0 million to $39.7 million. Gross profit increased 38%, with non-GAAP net income growing 43% over the prior year quarter to $18.9 million. The company completed a 3 for 2 stock split in February of this year. The purpose of this stock split was to increase liquidity and raise funds for more acquisitions.

What else?

Additionally, the company sold 6.2 million shares including 1.3 million shares sold by corporate insiders. It said it planned to use the proceeds from the offering to finance future acquisitions and for working capital. However, the sale of the 1.3 million shares by the insiders could be a bearish sign. Still, 3D Systems Corporation (NYSE:DDD) proved it is in acquisition mode based on the purchase of Rapid Product Development Group, a provider of on-demand additive and traditional manufacturing services, in early May.

Stock action

3D Systems’ share price has been very volatile as of late. The stock has traded from a 52-week low of $18.33 in June of 2012 to an all-time high of $51.94 in early May. Although the stock has performed well in the past year, there have been wide price swings as shown by a monthly volatility of 6.7%. Further, the stock has a very high short float of over 26%. Despite the choppy price action, some hedge funds are making the leap to invest in the company. Tiger Global Management, LLC increased its holdings in 3D Systems Corporation (NYSE:DDD) by 853,000 shares according to its most recent 13F filing. Tiger Global has a total position of 2,413,500 shares with an estimated market value of well over $77 million. Click to hear to read about Tiger Global’s other holdings.

Key peers

There are a number of competitors in the sector. Stratasys, Ltd. (NASDAQ:SSYS) is similarly a 3D printer manufacturer with a market cap of $3.1 billion. Stratasys, Ltd. (NASDAQ:SSYS) has had the same wide price range over the past year, with a low of around $42 in June of 2012, reaching a high of $94.9 in mid May. The share price has taken a beating in recent weeks though and is potentially showing bearish price movement.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!