Desktop Metal (DM) to Release Quarterly Earnings on Friday

Desktop Metal (NYSE:DM - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, March 21st. Analysts expect Desktop Metal to post earnings of ($0.28) per share and revenue of $44.10 million for the quarter.

Desktop Metal Stock Up 10.6 %

Shares of DM traded up $0.27 during mid-day trading on Monday, hitting $2.76. 654,752 shares of the company traded hands, compared to its average volume of 376,205. The company has a market capitalization of $91.85 million, a PE ratio of -0.25 and a beta of 0.70. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average of $2.37 and a 200 day moving average of $3.58. Desktop Metal has a 1-year low of $1.84 and a 1-year high of $11.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Desktop Metal from a "hold" rating to a "sell" rating in a research note on Friday, February 7th.

Desktop Metal 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 Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.