In the last trading session, 4,479,337 Desktop Metal, Inc. (NYSE:DM) shares changed hands as the company’s beta touched 0. With the company’s per share price at $12.48 changed hands at -$0.09 or -0.01% during last session, the market valuation stood at $3.19 Billion. DM’s last price was a discount, traded about -179.97% off its 52-week high of $34.94. The share price had its 52-week low at $10.08, which suggests the last value was 19.23% up since then. When we look at Desktop Metal, Inc.’s average trading volume, we note the 10-day average is 5.45 Million shares, with the 3-month average coming to 4.02 Million.
Analysts gave the Desktop Metal, Inc. (DM) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.2. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended DM as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Desktop Metal, Inc.’s EPS for the current quarter is expected to be -$0.09.
Desktop Metal, Inc. (NYSE:DM) trade information
Although DM has turned red as seen at the end of in last trading. With action -0.72%, the performance over the past five days has been red. The jump to weekly highs of $12.82 on Friday, Jun 18 added 2.65% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.27%, with the 5-day performance at -0.02% in the red. However, in the 30-day time frame, Desktop Metal, Inc. (NYSE:DM) is -0.05% down. Looking at the short shares, we see there were 23.37 Million shares sold at short interest cover period of 5.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is $17, meaning bulls need an upside of 36.22% from its current market value. According to analyst projections, DM’s forecast low is $11 with $22 as the target high. To hit the forecast high, the stock’s price needs a +76.28% upsurge from its current level, while the stock would need to tank -11.86% for it to hit the projected low.
Desktop Metal, Inc. (DM) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Desktop Metal, Inc. earnings to decrease by -396.1%, but the outlook for the next 5-year period is at 0% per year.
Desktop Metal, Inc. (NYSE:DM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.76% of Desktop Metal, Inc. shares while 42.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.89%. There are 189 institutions holding the Desktop Metal, Inc. stock share, with NEA Management Company, LLC the top institutional holder. As of Mar 30, 2021, the company held 11.25% of the shares, roughly 28.42 Million DM shares worth $423.4 Million.
KPCB XVI Associates, LLC holds the second largest percentage of outstanding shares, with 7.01% or 17.72 Million shares worth $264.05 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Trust for Advised Port-Miller Opportunity Trust and Vanguard Total Stock Market Index Fund. With 4600000 shares estimated at $68.54 Million under it, the former controlled 1.82% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.3% of the shares, roughly 3.29 Million shares worth around $49.09 Million.