10 Worst 3D Printing and Additive Manufacturing Stocks To Buy

2. 3D Systems (NYSE:DDD)  

Short % of Float: 12.15%  

Number of Hedge Fund Investors in Q2 2024: 15  

3D Systems (NYSE:DDD) is one of the pioneers in the 3D printing industry and offers a range of products and services to various industries, including healthcare, aerospace, and defence.

3D Systems (NYSE:DDD) has a strong position in the orthopedic market, focusing on end-to-end solutions for custom implants. The company has also received FDA clearance for its 3D-PEEK cranial implants and has a growing presence in the dental market. These opportunities, combined with its expertise in 3D printing technology, position 3D Systems for long-term growth and success.

3D Systems (NYSE:DDD) has faced significant challenges recently, including low demand for printer hardware and intense competition from Chinese manufacturers. However, the company has been engaged in a restructuring effort since Q4 2023, closing and consolidating 15 sites globally and reducing its workforce. These efforts will result in significant cost savings, with operating expenses targeted at under $60 million in the fourth quarter.

3D Systems (NYSE:DDD) has reported sequential growth in the second quarter, and management expects this trend to continue throughout the year. The company’s guidance for 2024 revenue is $450-460 million, representing a return to year-over-year growth in the fourth quarter. With a strong pipeline and increasing demand for consumables and services, 3D Systems (NYSE:DDD) is well-positioned to achieve its revenue targets. Despite 12.15% of shares being shorted, 15 hedge funds showed a bullish stance on the stock as of the second quarter and own stocks worth $18.18 million. ARK Investment Management is the largest shareholder in the company, holding $9.45 million worth of stock as of June 30.