In yesterday’s Wall Street session, Desktop Metal Inc. (NYSE:DM) shares traded at $1.77, down -5.35% from the previous session.
DM stock price is now -24.99% away from the 50-day moving average and -40.02% away from the 200-day moving average. The market capitalization of the company currently stands at $573.69M.
With the price target of $2.80, Credit Suisse recently initiated with Neutral rating for Desktop Metal Inc. (NYSE: DM). On January 10, 2022, Lake Street Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $5, while ‘Cross Research’ rates the stock as ‘Hold’.
In other news, Fulop Ric, CHIEF EXECUTIVE OFFICER bought 6,000 shares of the company’s stock on Aug 22. The stock was bought for $19,235 at an average price of $3.21. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 20,264,999 shares in the company, valued at $35.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, CHIEF EXECUTIVE OFFICER Fulop Ric bought 5,000 shares of the business’s stock. A total of $16,016 was incurred on buying the stock at an average price of $3.20. This leaves the insider owning 20,258,999 shares of the company worth $35.86 million. A total of 7.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DM stock. A new stake in Desktop Metal Inc. shares was purchased by SEGALL BRYANT & HAMILL, LLC during the first quarter worth $1,677,000. FINANCIAL ARCHITECTS, INC invested $1,151,000 in shares of DM during the first quarter. In the first quarter, CHOREO, LLC acquired a new stake in Desktop Metal Inc. valued at approximately $277,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in DM for approximately $241,000. AMERIPRISE FINANCIAL INC purchased a new stake in DM valued at around $233,000 in the second quarter. In total, there are 289 active investors with 49.80% ownership of the company’s stock.
Tuesday morning saw Desktop Metal Inc. (NYSE: DM) opened at $1.9000. During the past 12 months, Desktop Metal Inc. has had a low of $1.26 and a high of $6.43. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.80, and a quick ratio of 2.90. The fifty day moving average price for DM is $2.3598 and a two-hundred day moving average price translates $2.9509 for the stock.
The latest earnings results from Desktop Metal Inc. (NYSE: DM) was released for Jun, 2022. According to the Computer Hardware Company, earnings per share came in at -$0.1, inline with analysts’ expectations of -$0.1. This compares to -$0.26 EPS in the same period last year. The company reported revenue of $47.09 million for the quarter, compared to $25.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 85.1 percent. For the current quarter, analysts expect DM to generate $60.27M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2019. Investors who held shares on 01/14/2019 were paid a $0.369 dividend.
Desktop Metal Inc.(DM) Company Profile
Desktop Metal, Inc. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer. In addition, it provides Xtreme 8K platform, designed for industrial, high-temperature production of end-use photopolymer parts, and uses high-powered light sources with a water-cooled DLP chip; Einstein series, designed for dental professionals which offers 3D printing; P4K platform offers series of advanced DLP printer models designed for volume production in precision applications; Envision One platform; which leverages patented CDLM technology for high-volume production of end-use photopolymer parts; D4K Pro platform, designed for jewelry and chairside settings; S-Max platform, which provides digital casting solution; and Robotic Additive Manufacturing, or RAM, platform that offers robotic 3D printing solutions. Further, the company offers S-Print, an entry-level solution for prototypes and small series production in digital casting applications; and 3D-Bioplotter platform which offers biofabrication solution. Additionally, the company provides binder jetting materials, DLP and CDLM photopolymer resins, BMD materials, micro-AFP materials, and bioprinting materials. It serves automotive, aerospace, healthcare and dental, consumer products, heavy industry, machine design, and research and development industries. The company was founded in 2015 and is headquartered in Burlington, Massachusetts.