The stock of Desktop Metal Inc (NYSE:DM) last traded at $0.74, up 5.96% from the previous session.
DM stock price is now -19.93% away from the 50-day moving average and -54.89% away from the 200-day moving average. The market capitalization of the company currently stands at $239.72M.
With the price target of $1.75, Morgan Stanley recently initiated with Equal-Weight rating for Desktop Metal Inc (NYSE: DM).
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. A total of 34.23% of the company’s stock is owned by insiders.
During the past 12 months, Desktop Metal Inc has had a low of $0.61 and a high of $2.55. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 3.09, and a quick ratio of 1.91. The fifty day moving average price for DM is $0.9219 and a two-hundred day moving average price translates $1.6365 for the stock.
The latest earnings results from Desktop Metal Inc (NYSE: DM) was released for Sep, 2023. The net profit margin was -232.98% and return on equity was -76.07% for DM. The company reported revenue of $42.75 million for the quarter, compared to $47.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.21 percent.
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.
