3D Systems (DDD) launches the EXT 800 Titan Pellet, transforming 3D printing with faster speeds and lower costs for diverse industrial applications.
Every forward-thinking investor is considering 3D printing stocks. The growing use of the technology in industries such as aerospace, automotive, healthcare and consumer items led to a $22 billion industry in 2023, estimated to expand 24% to $150 billion by 2032 from $28 billion in 2024.
3D Systems was one of the original big names in 3D printing technology but hasn't been able to profit from this yet. The company lost money in 2022 and again in 2023.
3D Systems (DDD) enhances digital dentistry, offering the broadest solutions portfolio, including clear aligners, night guards and advanced denture technology.
3D Systems is well-positioned to capitalize on the growing bioprinting industry, particularly in the field of 3D organ printing. The company's financials show significant challenges, including negative net income and high levels of debt, which may impact its ability to thrive in the short to medium term. Despite the potential in the organ printing market, I recommend holding off on investing in 3D Systems until its financial situation improves or it demonstrates strong growth in the next few years.
DDD, ADNT and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on May 21, 2024.