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3 Top Penny Stocks to Skyrocket Your Wealth in 2024
Investor Place· 2024-06-21 10:36
Many people overlook penny stocks due to the inherent risk of investing in them. The stocks are infamous for producing poor results and being too hard to trade profitably. While this is mainly true, there are exceptions, and within those rare few, there are penny stocks riddled with potential.These three penny stocks to buy, each with unique opportunities, are experiencing exciting new developments that could propel them to new heights. Investors willing to accept some risk and uncertainty with penny stocks ...
3D Systems (DDD) Expands Portfolio With EXT 800 Titan Pellet
ZACKS· 2024-06-19 17:25
3D Systems (DDD) is expanding its footprint in the 3D Printing industry with the introduction of the EXT 800 Titan Pellet, the latest addition to its renowned EXT Titan Pellet systems portfolio.The new compact pellet extrusion system, boasting a build volume of 800 x 600 x 800 mm, combines the speed, reliability, and efficiency of the larger EXT 1070 and EXT 1270 models into a more compact and cost-effective format.Designed to meet the diverse needs of manufacturers, the EXT 800 Titan Pellet produces functi ...
3D Systems Introduces EXT 800 Titan Pellet — Expanding Accessibility of Industrial Extrusion Platform
Newsfilter· 2024-06-18 12:30
Smaller footprint with lower upfront investment enables broader adoption of industrial EXT platform in existing and new marketsLeverages proven high-speed pellet extrusion technology— up to 10x faster and 10x lower costs — cheaper than available filament systems for better ROIProduction platform with refined design and open material architecture to cost-effectively address breadth of industrial applications ROCK HILL, S.C., June 18, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD) announced the latest ...
3D Systems Introduces EXT 800 Titan Pellet — Expanding Accessibility of Industrial Extrusion Platform
GlobeNewswire News Room· 2024-06-18 12:30
Smaller footprint with lower upfront investment enables broader adoption of industrial EXT platform in existing and new marketsLeverages proven high-speed pellet extrusion technology— up to 10x faster and 10x lower costs — cheaper than available filament systems for better ROIProduction platform with refined design and open material architecture to cost-effectively address breadth of industrial applications ROCK HILL, S.C., June 18, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD) announced the latest ...
Rag to Riches: 3 3D Printing Stocks That Could Make Patient Investors Rich
Investor Place· 2024-06-17 18:32
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.These positive predictions come from laws like Additive Manufacturing Forward (AM Forward) from the Biden administration and the use of 3D printing by local governments for a circular economy.As expected, most company leader ...
Why 3D Systems Stock Surged 23% on Wednesday
The Motley Fool· 2024-06-05 17:05
Core Insights - 3D Systems' stock surged by 23.4% following the announcement of a significant contract worth up to $250 million to support the production of 3D-printed dental aligners through 2028 [1][2] - The company aims to manufacture approximately one million customized clear aligners daily, leveraging its NextDent technology for various dental products [2][3] - The market for 3D-printed dental products is projected to reach $14.6 billion by 2032, positioning 3D Systems favorably to capture a substantial market share [3] Company Developments - The multiyear purchase agreement is a major development for 3D Systems, which reported trailing-12-month revenue of $488 million [2] - The contract is expected to contribute an additional $250 million over four years, translating to an estimated annual sales growth of at least 12% [3] - Despite the growth potential, 3D Systems has faced financial challenges, having reported losses in the last two years and not expected to turn a profit this year [3]
3D Systems (DDD) Boosts Digital Dentistry With New Technology
ZACKS· 2024-06-05 16:00
3D Systems (DDD) is expanding its footprint in the digital dentistry market with its recent announcement of a comprehensive technology roadmap aimed at delivering a diverse range of solutions.The roadmap will include solutions aimed at enhancing the alignment, protection, repair and replacement of teeth, making 3D Systems a frontrunner among additive manufacturing solutions providers. The expansion comes alongside a significant multi-year purchase agreement projected to exceed a quarter-billion dollars in v ...
3D Systems Provides Important Update on Dental Growth Strategy
GlobeNewswire News Room· 2024-06-04 20:15
Company rapidly expanding market-leading solution portfolio to address all major facets of dentistry, including alignment, protection, repair, and partial/full replacement of teethAnnounces largest contract award in company history, with estimated value approaching a quarter billion dollars over five years, to support indirect manufacturing process for clear alignersCommercial launch of direct printing technology for clear aligners targeted for late 2025Dual-material printing technologies enabling expansion ...
3D Systems Corp Faces A 2030 Feast-Or-Famine Scenario
Seeking Alpha· 2024-05-31 11:42
Core Viewpoint - 3D Systems Corporation is positioned to capitalize on the growing 3D printing market, particularly in the bioprinting segment, which includes the potential for 3D-printed organs, despite facing significant financial challenges in the short to medium term [2][23]. Company Overview - 3D Systems is known for its vertically-integrated 3D printing operations, encompassing the development, production, and maintenance of 3D printing machines, software, and materials [2]. - The company has achieved its current market position through a successful M&A strategy over the past two decades, acquiring innovative firms in the 3D printing space [2]. Financial Performance - As of the latest data, 3D Systems has a market cap of approximately $470 million, with cash reserves of about $330 million and debt totaling $380 million [4]. - The company has experienced negative net income in most years, with a reported loss of over $370 million for FY2023, indicating a critical cash burn situation [4][6]. - Despite a history of positive operating cash flow, recent trends show steeply negative operational cash flow, suggesting struggles with the core business [5][6]. Bioprinting Opportunity - The global 3D printing industry is expected to grow at a CAGR of around 20% from the early 2020s to 2030, potentially reaching a market value of $100 billion [2]. - The organ transplant market faces a significant supply-demand imbalance, with thousands of patients dying annually while waiting for transplants, highlighting the potential for 3D-printed organs [7][10]. - The market for 3D-printed organs is projected to grow from $2 billion to nearly $7 billion by 2030, with 3D Systems expected to capture a significant share due to its resources and commitment to organ printing [13][14]. Competitive Landscape - 3D Systems is uniquely positioned in the organ printing market, with capabilities that include the Print to Perfusion™ process, allowing for the creation of patient-specific living tissues [11]. - Competitors in the organ printing space are primarily smaller companies with limited resources, making 3D Systems a leading player in this emerging market [11][14]. Future Projections - By 2030, 3D Systems is estimated to achieve annual revenues of approximately $6.5 billion, with organ printing contributing significantly to this figure [19]. - The company’s stock price could potentially rise to around $54.62 per share by 2030, reflecting the anticipated growth in both the 3D printing and organ printing markets [19][23].