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NYSE:DM

Desktop Metal (DM) Stock Price, News & Analysis

Desktop Metal logo
$4.43 +0.03 (+0.68%)
(As of 11/22/2024 ET)

About Desktop Metal Stock (NYSE:DM)

Key Stats

Today's Range
$4.40
$4.49
50-Day Range
$3.91
$4.97
52-Week Range
$3.62
$11.80
Volume
174,796 shs
Average Volume
410,014 shs
Market Capitalization
$147.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.50
Consensus Rating
Hold

Company Overview

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. It also provides Einstein series, designed for dental professionals which offers 3D printing; ETEC Xtreme 8K platform, a DLP printer with two 385 nm overhead projectors for high-volume production; ETEC Pro XL for industrial polymer 3D printer; S-Max and S-Max Pro platforms, which provides digital casting solutions; and 3D-Bioplotter platform which offers biofabrication solution. In addition, the company offers 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.

Desktop Metal Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
14th Percentile Overall Score

DM MarketRank™: 

Desktop Metal scored higher than 14% of companies evaluated by MarketBeat, and ranked 167th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Desktop Metal has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Desktop Metal has received no research coverage in the past 90 days.

  • Read more about Desktop Metal's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Desktop Metal is -0.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Desktop Metal is -0.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Desktop Metal has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Desktop Metal's valuation and earnings.
  • Percentage of Shares Shorted

    14.26% of the float of Desktop Metal has been sold short.
  • Short Interest Ratio / Days to Cover

    Desktop Metal has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Desktop Metal has recently decreased by 2.88%, indicating that investor sentiment is improving.
  • Percentage of Shares Shorted

    14.26% of the float of Desktop Metal has been sold short.
  • Short Interest Ratio / Days to Cover

    Desktop Metal has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Desktop Metal has recently decreased by 2.88%, indicating that investor sentiment is improving.
  • News Sentiment

    Desktop Metal has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • Search Interest

    Only 3 people have searched for DM on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Desktop Metal to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Desktop Metal insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    14.22% of the stock of Desktop Metal is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    56.31% of the stock of Desktop Metal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Desktop Metal's insider trading history.
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DM Stock News Headlines

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DM Stock Analysis - Frequently Asked Questions

Desktop Metal's stock was trading at $7.51 at the start of the year. Since then, DM stock has decreased by 41.0% and is now trading at $4.43.
View the best growth stocks for 2024 here
.

Desktop Metal, Inc. (NYSE:DM) issued its quarterly earnings results on Thursday, May, 9th. The pipeline company reported ($0.50) earnings per share (EPS) for the quarter. The pipeline company earned $40.60 million during the quarter. Desktop Metal had a negative net margin of 217.20% and a negative trailing twelve-month return on equity of 44.48%.

Shares of Desktop Metal reverse split on Tuesday, June 11th 2024. The 1-10 reverse split was announced on Friday, June 7th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 10th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Top institutional investors of Desktop Metal include Wolverine Asset Management LLC, ARK Investment Management LLC (2.31%), Geode Capital Management LLC (0.78%) and Murchinson Ltd. (0.62%). Insiders that own company stock include Ric Fulop, Jason M Cole, Scott J Dussault and Leo J Jr Hindery.
View institutional ownership trends
.

Shares of DM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Desktop Metal investors own include Block (SQ), Symbotic (SYM), Digital Turbine (APPS), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Palantir Technologies (PLTR), SoFi Technologies (SOFI) and Canoo (GOEV).

Company Calendar

Last Earnings
5/09/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/21/2025

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Machinery
Fax
N/A
Employees
950
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.50
High Stock Price Target
$5.50
Low Stock Price Target
$5.50
Potential Upside/Downside
+23.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-323,270,000.00
Net Margins
-217.20%
Pretax Margin
-218.40%

Debt

Sales & Book Value

Annual Sales
$168.28 million
Cash Flow
$1.72 per share
Book Value
$2.17 per share

Miscellaneous

Free Float
28,600,000
Market Cap
$148.37 million
Optionable
Optionable
Beta
0.60

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This page (NYSE:DM) was last updated on 11/22/2024 by MarketBeat.com Staff
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