#2 - Desktop Metal (NYSE:DM)
Desktop Metal Inc. (NYSE: DM) is a 3D printing company that is the leader in additive manufacturing (AM) for mass production in the 3D printing market. Mass production is the fastest-growing segment in the AM space.
The company is growing fast. However, in 2022 and 2023, that growth came at a cost with higher interest rates. However, if the company's fourth quarter earnings report is any indication, the company may be turning a corner. While year-over-year revenue was down, it was up 22% from the prior quarter. Desktop Metal also reported YOY improvements in key metrics such as net loss, adjusted EBITDA, gross margins, and operating cash flow.
The company believes this shows its cost control efforts are taking root. And with a Federal Reserve pivot expected at some point this year, DM stock could be ready to deliver outsized gains to investors buying with the stock trading at 81 cents a share.
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.
Read More - Current Price
- $4.42
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.50 (24.4% Upside)
