7 Best Nanotech Penny Stocks to Invest In

1. 3D Systems Corp. (NYSE:DDD)

Number of Hedge Fund Holders: 21

Share Price as of February 11: $4.43

3D Systems Corp. (NYSE:DDD) is a nanotech company that offers 3D printing and digital manufacturing solutions globally. It provides 3D printing technologies, which include stereolithography, selective laser sintering, and direct metal printing, along with a variety of print materials and digital design tools. It benefits from advancements in micro and nanoscale manufacturing methods within the 3D printing industry.

Its core business is additive manufacturing, which includes both metal and polymer 3D printing. In Q3 2024, the company’s revenue was flat compared to the previous quarter. This is because customers were spending less on new 3D printing systems due to economic uncertainty. However, sales of consumables (materials used in the printers) grew by about 10% year-over-year. This shows that existing customers used their 3D printers more. The company’s industrial application group, which helps customers develop new uses for 3D printing, also saw revenue surge by 26% year-to-date in Q3.

3D Systems Corp. (NYSE:DDD) made some technology advancements. These include improvements in printing high-purity copper (important for cooling semiconductors) and a faster photopolymer 3D printing platform called the PSLA 270. It also announced a deal with Sauber Motorsports (an F1 racing team), who added 10 new 3D Systems printers to their facility.

In the last days of January, the company’s stock surged 24% after announcing a partnership with Daimler Buses and Wibu-Systems. Their combined solution lets Daimler’s partners and customers 3D-print spare parts (like pins, covers, and inserts) locally for underhood and cabin applications, which reduces part acquisition time by up to 75%. This eliminates multi-week waits for parts. Daimler Buses will license the solution.

While we acknowledge the growth potential of 3D Systems Corp. (NYSE:DDD), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DDD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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