Desktop Metal (DM) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $2.80 to $3.07
• 50-Day Range: $2.85 to $4.97
• 52-Week Range: $2.80 to $11.80
• Volume: 495,549 shs
• Average Volume: 397,923 shs
• Market Capitalization: $95.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.50
• Consensus Rating: Hold

Desktop Metal Stock Analysis - MarketRank™

Desktop Metal scored higher than 40% of companies evaluated by MarketBeat, and ranked 122nd out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Desktop Metal is -0.25, 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 -0.25, 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 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

13.00% 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 9.9.

Change versus previous month

Short interest in Desktop Metal has recently decreased by 12.23%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Desktop Metal does not currently pay a dividend.

Dividend Growth

Desktop Metal does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.00% 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 9.9.

Change versus previous month

Short interest in Desktop Metal has recently decreased by 12.23%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.32

News Sentiment

Desktop Metal has a news sentiment score of 0.32. 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 is a lower news sentiment than the 0.68 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Desktop Metal this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for DM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

4 people have added Desktop Metal to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

DM Stock Analysis - Frequently Asked Questions

How have DM shares performed this year?

Desktop Metal's stock was trading at $7.51 on January 1st, 2024. Since then, DM shares have decreased by 62.1% and is now trading at $2.85.
View the best growth stocks for 2024 here.

How were Desktop Metal's earnings last quarter?

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

When did Desktop Metal's stock split?

Shares of Desktop Metal reverse split on the morning of 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.

Who are Desktop Metal's major shareholders?

Desktop Metal's top institutional shareholders 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.

How do I buy shares of Desktop Metal?

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.

What other stocks do shareholders of Desktop Metal own?

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), SoFi Technologies (SOFI) and Canoo (GOEV).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Special industry machinery, not elsewhere classified
• Sub-Industry: Machinery
• Current Symbol: NYSE:DM
• CUSIP: N/A
• CIK: 1603286
• Web: www.desktopmetal.com
• Phone: 978-224-1244
• 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: +93.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($11.20)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-323,270,000.00
• Net Margins: -217.20%
• Pretax Margin: -218.40%
• Return on Equity: -44.48%
• Return on Assets: -18.75%

Debt

• Debt-to-Equity Ratio: 1.56
• Current Ratio: 2.34
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $168.28 million
• Price / Sales: 0.56
• Cash Flow: $1.22 per share
• Price / Cash Flow: 2.34
• Book Value: $7.44 per share
• Price / Book: 0.38

Miscellaneous

• Outstanding Shares: 33,341,000
• Free Float: 28,600,000
• Market Cap: $95.02 million
• Optionable: Optionable
• Beta: 0.55