10 Best 3D Printing Stocks To Buy Right Now

8. FARO Technologies, Inc. (NASDAQ:FARO)

Number of Hedge Fund Holders: 20

FARO Technologies, Inc. (NASDAQ:FARO) ranks eighth on our list of the best 3D printing stocks to buy right now. The company makes software and computer-aided software for high-precision 3D measurement and imaging of parts and complex structures.

The company produces hardware and software products that are designed to function with the tools and processes customers are already using. Its high-precision 3D measurement technologies help manufacturers remove cost errors and construct projects. As an emerging leader in 3D measurement, FARO Technologies, Inc. (NASDAQ:FARO) boasts hundreds of patents to its name in countries from across the globe.

FARO Technologies, Inc. (NASDAQ:FARO) is constantly evolving. On October 15, the company released new capabilities for its Faro Focus 3D Laser Scanner portfolio. The latest addition to the lineup is the Focus Premium Max, increasing the portfolio’s scanning range to 400 meters and reducing scanning time by 50%. Adding to that, last week, the company launched a new series of portable coordinate measurement machines that offer a 15% increase in accuracy relative to previous versions.

As you can see from the graph above FARO’s stock price came down from $80+ to $18 over the last 3 years. However, as the stock price declined more and more hedge funds found the stock attractive and the number of hedge funds with bullish FARO positions more than doubled over the last 3 years. There have also been multiple insider purchases in the stock in low teens and more recently at around $17 over the past year and half (see details here). Insider purchases coincided with the bottom in FARO shares.

Overall, FARO Technologies, Inc. (NASDAQ:FARO) has sustained its legacy and is working on becoming a leader in 4D digital reality solutions across hardware, software, and services solutions. The company has 40 years of industrial expertise under its belt to support its vision.