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Voxeljet AG (NYSE:VJET) Breaking the Mold

Voxeljet AG (NYSE:VJET) Breaking the Mold

Breaking the Mold: Developing technologies and a growing customer base are expected to boost revenue

Voxeljet
Ticker: NYSE:VJET
Price: $1.81

  • 3D printers dominate the revenue picture through 2025 with 38.9% CAGR from 2020
  • Design and engineering for 3D printing will expand beyond traditional 2D CAD technologies
  • Combination of AI, IoT, and virtual twin technologies to accelerate 3D printing market growth
  • Growth of new materials is spawning a 3D printing market for previously unaddressed products
  • Substantial 3D printing market growth anticipated outside traditional manufacturing such as the medical device market
  • While North America, Asia Pac, and Europe are largest 3D printing markets, MEA region is fastest-growing globally
  • The industrial 3D printing market dwarfs desktop usage, but the latter is the foundation for an emerging prosumer SMB and SOHO marketplace

Robotic automation is advancing 3D printing applications beyond standard manufacturing to encompass delivery of products and assets where and when they are needed. As an example, specialized robotics are enabling innovative structure construction such as buildings, bridges, and other physical infrastructure.

In the healthcare arena, 3D printed prosthetics is facilitating significantly faster design and delivery for amputee solutions as well as prototyping and try-before-you-buy for patients. 3D custom implants offer efficient and substantially more expeditious delivery of bone replacement material for cancer patients. In fact, the publisher sees 3D printing in the healthcare market rapidly moving to mainstream adoption and usage by 2025.

In the enterprise and industrial arena, the fabrication, integration, and control of just about any product is progressively becoming digitized. This trend is accelerating as evidenced by recent surveys indicating that 3D Printing and alternative forms of additive manufacturing will have a positive impact, increase creativity and dramatically improve time to market, especially for certain goods and services.

3D printing communities of interest (such as those entities that use 3D printers and related tools as well as the use of more plugins or online apps) will move beyond mere integrated 3D printing networks to become a larger scale ecosystem. This is anticipated to be a completely integrated 3D ecosystem as well as 3D design, modelling and simulations, prototyping, and fabrication. This is driven partially by lower-cost communications infrastructure and services as well as availability and adoption of tools to support 3D including immersive tech and IoT solutions.

We see an emerging producer-consumers (e.g. prosumer) marketplace emerging for 3D printing in which everyday consumers engage in at least one part of the evolving connected manufacturing industry. We anticipate that the ability for self-help design and manufacturing with this prosumer model will become commonplace for several durable goods, causing disintermediation throughout supply chains, most notably with traditional manufacturers and retail outlets.

Business Summary

Voxeljet is a manufacturer of 3D printing systems for industrial applications. Among others, the company services industries such as automotive, reverse engineering, aerospace, pumps and heavy industry, architecture, art, design and film and museums. In addition, Voxeljet’s revenue growth over the last decade has been striking. Between 2010 and 2018, the company states that its compound annual growth rate for revenues was 24 percent.

Voxeljet’s portfolio ranges from research systems to 3D systems for large-format production, as well as a chemical 3D printing process. In 2017, the company unveiled its high-speed sintering, and in 2018 it expanded the number of specialty materials it can use for its high-speed sintering line. Voxeljet is also developing its new VJET X, which launched in June 2019.

Shayne Heffernan Trade Idea

“Our current price target of Voxeljet will come in around $3.00 which will give the stock a price increase of +75.44%.”

Price Performance

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1.25.

The projected upper bound is: 1.97.

The projected lower bound is: 1.47.

The projected closing price is: 1.72.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 84.7458. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 17 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 73.00. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 50 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 131.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 12 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.

Rex Takasugi – TD Profile

VOXELJET AG closed up 0.030 at 1.710. Volume was 9% above average (neutral) and Bollinger Bands were 101% wider than normal.

Open    High    Low    Close    Volume
1.810   1.810   1.600  1.710    213,850
Technical Outlook
Short Term:        Overbought
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period   50-period     200-period
Close:           1.43        1.04          1.63
Volatility:      156         145           110
Volume:          328,552     248,347       119,586

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

VOXELJET AG is currently 5.1% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods.

Our volume indicators reflect very strong flows of volume into VJET.K (bullish). Our trend forecasting oscillators are currently bullish on VJET.K and have had this outlook for the last 14 periods. Our momentum oscillator is currently indicating that VJET.K is currently in an overbought condition.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the NYSE Stock Market.

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Sources:
Voxejet Company Website
Thomson Reuters Metastock and Eikon financial tools

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