Shapeways supports a diverse customer base.
Enabling finished part production for industrial-grade manufacturing across industrial, aerospace, automotive and medical industries.
Grab sources and key details here.
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As mentioned above, SHPW has several potential catalysts to watch for closely right now. Check them out:
No. 1 SHPW Potential Catalyst - Profile's Low Float Provides Potential For Explosive Volatility
According to the Market Watch website, SHPW has a really low float.
The website reports this profile to have approximately 3.04Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news in 2023 provide a near term spark?
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No. 2 SHPW Potential Catalyst - Company Launches "MFG Materials" In Move To Make Markets More Accessible With Cost Savings
Shapeways Announces MFG Materials Launch
New feature has potential for 100% ROI for customers
NEW YORK, August 07, 2023--(BUSINESS WIRE)--Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its expansion of software service offerings with the launch of MFG Materials. This new service provides a range of raw materials to manufacturers at discounted rates, reinforcing MFG’s role as a comprehensive partner in the manufacturing sector.
Through strategic partnerships and negotiations with top-tier raw materials vendors, Shapeways is providing an average of 15% off list prices on the MFG Materials platform, with discounts varying based on material and quantity ordered.
"We’re committed to supporting our manufacturers. With the launch of MFG Materials, we’re taking a practical step toward helping them save on raw material costs," said Greg Rothman, GM of Software for Shapeways. "Depending on the volume, suppliers can realize a sound return on in-vest-ment by purchasing their raw material inventory through us."
The industrial global raw materials market is vast and diverse, and plays a vital role as a significant contributor to the US and global economies. Specifically, the global market for industrial raw materials including aluminum, iron/steel, and plastics exhibits strong growth trends:
- The aluminum market–valued at USD $169.8Bn in 2021–is projected by Precedence Research to reach USD $277.5Bn by 2030.
- According to MarketsandMarkets, the iron and steel market size–valued at nearly USD $1.6Tn in 2022–is projected to reach USD $1.9Tn by 2027.
- Global plastics–valued at USD $609Bn in 2022–is projected by Grand View Research to see a steady CAGR of 4.0% from 2023 to 2030, driven by rising plastic consumption in various sectors.
Against this backdrop, Rothman highlights the value proposition of the MFG Materials platform:
"The growth trajectory of the industrial materials market is impressive. This presents immense opp's, and MFG Materials is designed to help our customers tap into this opp-ortunistic market. We are not only making these markets more accessible, but also enabling significant cost savings through our economies of scale. This boosts competitiveness and pro-fit-ability for manufacturers, fueling growth in the U.S. manufacturing sector."
MFG Materials is immediately available to all current premium subscribers. With this launch, Shapeways is also introducing a low-cost monthly membership option, which is ideal for manufacturers who only want access to MFG Materials.
For more information about the new MFG Materials initiative, please visit www.mfg.com.
Read the full article here.
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No. 3 SHPW Potential Catalyst - Company Secures Massive Medical Contracts (Potential To Be Major Revenue Growth Driver)
Shapeways Secures Multi-Mn-Dollar Medical Contracts Realizing a 3X growth within its medical base in the past 4 years
NEW YORK, July 25, 2023--(BUSINESS WIRE)--Shapeways, Inc. (NYSE: SHPW), a global leader in the digital manufacturing industry, announced today the expansion of its medical customer base within its Enterprise Manufacturing Solutions business by securing two significant contracts. These strategic partnerships should generate revenue of approximately $2.5Mn annually during the next three years.
As an FDA contract manufacturer, Shapeways is a key driver of innovation in the medical sector. Their work enables medical clients to realize significant growth by delivering high-quality, customized products within days through its additive manufacturing services. Shapeways’ diverse medical client base includes, but not limited to providers of customized orthopedic solutions, patient-specific surgical guides, and unique sleep aids.
"By segmenting data from DICOM images, we enable the creation of highly personalized medical aids and devices through additive manufacturing. These tools increase precision in surgical settings and drastically improve patient outcomes," said Greg Kress, CEO of Shapeways. "The ability to produce patient-specific medical devices at high volumes with exceptional quality is a key market differentiator–and our superpower at Shapeways."
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Read the full article here.
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No. 4 SHPW Potential Catalyst - Company Expands Market Presence With Game-Changing Move To The Nasdaq
Shapeways to Transfer Listing to Nasdaq
NEW YORK, July 20, 2023--(BUSINESS WIRE)--Shapeways Holdings, Inc. (NYSE: SHPW) ("Shapeways" or the "Company"), a leading global platform for 3D printing and digital manufacturing, today announced its decision to transfer its listing to The Nasdaq Global Market ("Nasdaq") from the New York St-ock Exchange. Shapeways expects its common st-ock and warrants to list on Nasdaq at the open of business on August 1, 2023, under the symbols "SHPW" and "SHPWW".
"We are excited to move to Nasdaq and join many of the world’s leading technology companies as Shapeways continues to push the boundaries of digital manufacturing and software solutions," said Greg Kress, CEO of Shapeways. "This move should allow us to benefit from Nasdaq’s cost-effective offering, while also providing us with a platform to expand our market presence, reach a broader in-vest-or base, and accelerate our growth trajectory. This transition reflects our commitment to innovation, customer success, and shareholder value creation."
"We are glad to welcome Shapeways to the Nasdaq family and look forward to supporting their continued growth and focus on shareholder value," said Karen Snow, Global Head of Listings at Nasdaq.
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Read the full article here.
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No. 5 SHPW Potential Catalyst - Multiple Oversold Leaning Technicals Could Suggest A Bounce/Reversal On The Horizon
Directly at 4:00PM EST Friday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal could be approaching in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (4:00PM EST Friday) that could signal SHPW to be leaning oversold and on the verge of a potential reversal:
- 9-Day Relative Strength Index: 31.27%
- 14-Day Relative Strength Index: 35.62%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 15.53%
- 14-Day Williams %R: 84.47%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
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SHPW Potential Breakout Catalysts - Key Details To Know Right Now
No. 1 - Profile's Low Float Provides Potential For Explosive Volatility
No. 2 - Company Launches "MFG Materials" In Move To Make Markets More Accessible With Cost Savings
No. 3 - Company Secures Massive Medical Contracts (Potential To Be Major Revenue Growth Driver)
No. 4 - Company Expands Market Presence With Game-Changing Move To The Nasdaq
No. 5 - Multiple Oversold Leaning Technicals Could Suggest A Bounce/Reversal On The Horizon
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Coverage is officially initiated on SHPW. When time allows, do this: