If you have a high tolerance for risk, then it could be worth hearing what Bell Potter is saying about the small-cap ASX stock in this article.
That's because if the broker is on the money with its recommendation, this stock could deliver incredible returns over the next 12 months.
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Which small-cap ASX stock?
The small cap that Bell Potter is positive on is 6K Additive Inc (ASX: 6KA).
It is a US-based manufacturer, upcycling metal scrap into premium metal powders and alloying additives.
6K Additive's patented UniMelt technology can produce spherical powders for additive manufacturing across a range of high-end reactive metals, refractory metals, and alloys including titanium, Inconel, C103, and tantalum.
What is the broker saying about it?
Bell Potter was pleased with the small-cap ASX stock's performance during the first quarter. It highlights that cash receipts and revenue are growing and its pipeline is building. It said:
6KA reported March 2026 quarterly cash receipts of US$6.6m (prior quarter US$3.9m) and revenues of US$6.2m (prior quarter US$5.6m). Powder Products revenue (US$4.0m) increased 5% quarter-on-quarter with increased volumes across existing and new customers. This segment carries an order backlog of US$7.0m into the current quarter, after a 46% quarter-on-quarter lift in orders. In Alloy Products, revenue (US$2.2m) increased 22% quarter-on-quarter with new supply agreements and increased spot sales. 6KA's capital deployment remains on track to meet the 2025 Prospectus estimates.
Should you invest?
Bell Potter is very positive on the investment opportunity here. However, it acknowledges that it is a risky one and would only be suitable for investors that have a high tolerance for risk.
According to the note, the broker has retained its speculative buy rating and $1.45 price target on the small-cap ASX stock.
Based on its current share price, this implies potential upside of just over 80% for investors over the next 12 months.
Commenting on its recommendation, Bell Potter said:
6KA has a competitive advantage in the production of high-value metal powders for the fast-growing global Additive Manufacturing sector. The company's UniMelt systems are energy efficient, high yield and accept recycled metal feedstock. 6KA is supporting US-based reshoring of critical metal supply. Company value is highly leveraged to the take-up of Additive Manufacturing, which has lead-time advantages over incumbent casting and forging production methods.
We expect Additive Manufacturing to be a beneficiary of the US Department of War's Acquisition Transformation Strategy to support rebuilding the country's Defense Industrial Base. We have upgraded our CY2026 revenue forecast in this report.
