If there was one company the market could point to and say it was the cause for the meltdown for 3D printing stocks as a group, it would be ExOne (XONE).
Yes, ExOne and Stratasys both warned in mid-January that they would miss fourth quarter estimates, but ExOne did most of the damage. Although CEO Kent Rockwell said the Q4 shortfall was only a timing issue and not a demand issue, analysts read between the lines. Credit Suisse reiterated its underperform rating on XONE stock, while Canaccord Genuity lowered its rating on the stock from a buy to a hold.
Investors should heed those warnings and avoid XONE stock.