This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Investors Doubt 3D Printing Growth Story, Call for Deeper Correction: StockTwits

NEW YORK (TheStreet) -- Investors are no longer seeing the world through rose-colored 3D glasses. Three-dimensional printing company 3D Systems (DDD - Get Report) was among the hardest hit technology stocks on Thursday. Shares fell nearly 11% and sentiment on swung to bearish, with 53% of investors on the site calling for more losses.

Some investors said that the chart indicated 3D Systems could continue to fall as low as $37 per share. The stock closed at $48.78 yesterday.

$DDD completion of a H&S would be at $37 area I think.

-- AA (@CaptureTheBullFlag) Apr. 10 at 03:17 PM

3D suffers from a broad problem impacting all disruptive technology stocks: investors no longer believe that the growth story was much more than hype.

Remember how hot 3D printing is? I mean was... so last year $DDD stock price 1/2 in 4 months

-- blackmarkt (@blackmarkt) Apr. 10 at 01:43 PM

3D Systems and competing three-dimensional printing companies such as Stratasys (SSYS) and Voxeljet (VJET) promise to revolutionize manufacturing with the ability to print everything from car parts and shoes to concrete houses. Some companies even envision a future where consumers print their own toys and clothes at the click of a button.

But investors now doubt that businesses will adopt new manufacturing methods given the weaker global economy. And that means profit multiples like 3D's 40 times forward 2015 earnings aren't likely justified. Voxeljet shares fell 13% Thursday. Stratasys dropped nearly 7%.

China compounded concerns of a tepid U.S. recovery with Thursday's trade data that showed March exports in the world's second-largest economy fell 6.6% from the same period a year ago. The data also cast doubt on last year's reports, which many economists now say were likely inflated.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DDD $14.49 -5.60%
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs