Its stock is up 143% in the last 12 months, but can 3D Systems keep giving investors triple-digit returns?
Last week, we asked viewers to tweet @CNBCnumbers with what stocks they wanted us to analyze. Two viewers – @plunky93 and @7realrichstocks – both suggested 3D Systems. We took them up on it.
Two weeks ago, the maker of photopolymer printing machines (“3D printers”) rallied on an analyst’s positive ratings. In the most recent quarter, the company showed a net profit of nearly $5.9 million on $102 million in revenues.
The stock’s performance has been pretty impressive: up over 30% in 2013 and over 143% in the last 12 months.
And, its product is having people wonder if there’s a threat to global manufacturing. An assortment of objects – dental molds, toys, and guns, for example – can made using 3D printers. Those printers have been lowering in price, too. Printers are now down to just a few hundred dollars. One manufactured by 3D Systems, “The Cube”, will be sold at Staples for $1,300 starting this month.
Yesterday, 3D System’s stock tumbled with other competitors as shares of rival Stratasys were flooded into the market. Statasys insiders were released from their lockup period, adding 14 million more shares of that company that could be traded.
Can 3D Systems keep bringing triple-digit gains to investors? We asked Talking Numbers contributors Steve Cortes, Founder of Veracruz TJM, and JC O’Hara, Chief Market Technician at FBN Securities, to see if there’s another dimension to 3D Systems’ charts.
Watch the video above to hear insights by Cortes and O’Hara on 3D Systems.
Coming up Wednesday on Talking Numbers: An interview with Domino's CEO