Desktop Metal (DM) Projected to Post Quarterly Earnings on Thursday

Desktop Metal (NYSE:DM - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, March 13th. 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 21.4 %

NYSE:DM traded up $0.44 during midday trading on Friday, reaching $2.48. 651,038 shares of the stock traded hands, compared to its average volume of 377,144. Desktop Metal has a 12-month low of $1.84 and a 12-month high of $11.80. The business has a 50-day moving average of $2.38 and a two-hundred day moving average of $3.60. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 2.34. The stock has a market capitalization of $82.55 million, a PE ratio of -0.22 and a beta of 0.70.

Analyst Ratings Changes

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

About Desktop Metal

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.