The price of Desktop Metal Inc. (NYSE:DM) shares last traded on Wall Street fell -4.89% to $1.75.
Based on available information, 5 analysts follow Desktop Metal Inc. (NYSE:DM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $1.60, we find $1.95. Given the previous closing price of $1.84, this indicates a potential upside of 5.98 percent. DM stock price is now -14.87% away from the 50-day moving average and -20.80% away from the 200-day moving average. The market capitalization of the company currently stands at $579.04M.
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Among analysts, 5 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $1.88 as their price target over the next twelve months.
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In other news, DUSSAULT SCOTT J, Director sold 26,969 shares of the company’s stock on Mar 06. The stock was sold for $64,726 at an average price of $2.40. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, CHIEF EXECUTIVE OFFICER Fulop Ric bought 6,000 shares of the business’s stock. A total of $19,235 was incurred on buying the stock at an average price of $3.21. This leaves the insider owning 20,264,999 shares of the company worth $35.46 million. A total of 6.60% 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 AIGH CAPITAL MANAGEMENT LLC during the first quarter worth $1,313,000. FORMULA GROWTH LTD invested $875,000 in shares of DM during the first quarter. In the first quarter, TOCQUEVILLE ASSET MANAGEMENT L.P. acquired a new stake in Desktop Metal Inc. valued at approximately $740,000. D. E. SHAW & CO., INC. acquired a new stake in DM for approximately $734,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in DM valued at around $527,000 in the second quarter. In total, there are 286 active investors with 49.80% ownership of the company’s stock.
A candlestick chart of Desktop Metal Inc. (NYSE: DM) showed a price of $1.8000 on Wednesday morning. During the past 12 months, Desktop Metal Inc. has had a low of $1.13 and a high of $3.65. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 3.80, and a quick ratio of 2.60. The fifty day moving average price for DM is $2.0484 and a two-hundred day moving average price translates $2.2055 for the stock.
The latest earnings results from Desktop Metal Inc. (NYSE: DM) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.08, inline with analysts’ expectations of -$0.08. This compares to -$0.22 EPS in the same period last year. The company reported revenue of $41.32 million for the quarter, compared to $43.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.47 percent. For the current quarter, analysts expect DM to generate $51.59M in revenue.
Desktop Metal Inc.(DM) Company Profile
Desktop Metal, Inc. manufactures and sells 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; Studio System, an office metal 3D printing system; and Desktop Metal Furnace, which is paired with the Studio System and binder jetting solutions to create turnkey metal additive manufacturing solutions. It also 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 digital light processing (DLP) chip; Einstein series, designed for dental professionals which offers 3D printing; and Envision One platform, which consists of various models for high-temperature and large part processing, enables high-volume production of end-use photopolymer parts. In addition, the company offers various additional DLP solutions, including the P4K platform and the D4K Pro platform, for a range of production volumes, and industrial and healthcare end-use applications; S-Max and S-Max Pro platforms, which provides digital casting solutions; S-Max Flex platform, a robotic 3D printing solution for digital casting applications; S-Print, an entry-level solution for prototypes and small series production in digital casting applications; and 3D-Bioplotter platform which offers biofabrication solution. Further, it provides binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts.
