Many 3D related stocks fell this week as share offerings caused some investors to sell shares as a massive flood of shorts came rushing in after smelling blood in the markets hottest sector for 2013.
This presents a chance for investors that missed the earlier rally in the sector to get in at a better price now.
Nothing to worry about for longer term investors in 3D related companies as the share offerings will increase company cash reserves for growth investments in the future. In other words its the price you pay now for growth in the future.
SSYS share offering this week is said to be net proceeds of $402.2 million after underwriting expenses. Thats lots of cash to use on further investment.
Stratasys Ltd. provides additive manufacturing (NYSE:AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling (NYSEARCA:FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content.
XONE also had a share offering of 1.1 million at $62/shr so its around $62M in new cash for the company not including underwriting expenses.
The company markets its products to industrial customers in the aerospace, automotive, heavy equipment, energy/oil/gas, and other industries under the ExOne brand name. The company provides Max, Print, Flex, and Lab machines that enable designers and engineers to design and produce industrial prototypes and production parts; and ExMicro Orion machine, a laser micromachining product for conventional and exotic materials. It also offers associated products comprising consumables and replacement parts; and other services, such as training and technical support services.
PRCP a real value (PE 14) at $10/shr after falling from the $11.70's high this week, its Helix technology measures complex 3D features on automobiles bodies.
The system utilizes robot mounted Helix sensors to measure dimensional features on the car body and fixed TriCam sensors to optically locate the part using Visual Fixturing technology. It reported a blowout qtr of .46 eps in its latest earnings report as its Helix Technology gets accepted in the auto sector which is now running up on all cylinders (excuse the pun).