Desktop Metal Inc. (NYSE:DM)’s traded shares stood at 1.65 million during the last session. At the last check today, the stock’s price was $7.68, to imply a decrease of -0.53% or -$0.04 in intraday trading. The DM share’s 52-week high remains $34.94, putting it -354.95% down since that peak but still an impressive 7.29% since price per share fell to its 52-week low of $7.12. The company has a valuation of $2.04B, with an average of 5.6 million shares in intraday trading volume over the past 10 days and average of 5.65 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Desktop Metal Inc. (DM), translating to a mean rating of 2.20. Of 5 analyst(s) looking at the stock, 1 analyst(s) give DM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.09.
Desktop Metal Inc. (NYSE:DM) trade information
After registering a -0.53% downside in the latest session, Desktop Metal Inc. (DM) has traded red over the past five days. The stock hit a weekly high of 8.20 this Thursday, 09/16/21, dropping -0.53% in its intraday price action. The 5-day price performance for the stock is -6.54%, and 7.52% over 30 days. With these gigs, the year-to-date price performance is -55.12%. Short interest in Desktop Metal Inc. (NYSE:DM) saw shorts transact 23.37 million shares and set a 6.81 days time to cover.
Analysts on Wall Street suggest a consensus price target of $12.83, implying an increase of 40.14% to the stock’s recent value. The extremes give us $6.17 and $20.00 for target low and target high price respectively. As such, DM has been trading -160.42% off suggested target high and 19.66% from its likely low.
Desktop Metal Inc. (DM) estimates and forecasts
Looking at statistics comparing Desktop Metal Inc. share performance against respective industry, we note that the company has outperformed competitors. Desktop Metal Inc. (DM) shares are -60.12% down over the last 6 months, with its year-to-date growth rate higher than industry average at 68.42% against 33.20%. The rating firms project that company’s revenue will grow 513.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $28.76 million. Meanwhile, for the quarter ending Dec 2021, a total of 5 analyst(s) estimate revenue growth to $42.01 million.
Desktop Metal Inc. has its next earnings report out on May 17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Desktop Metal Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Desktop Metal Inc. (NYSE:DM)’s Major holders
Desktop Metal Inc. insiders hold 21.76% of total outstanding shares, with institutional holders owning 42.95% of the shares at 54.89% float percentage. In total, 42.95% institutions holds shares in the company, led by NEA Management Company, LLC. As of Mar 30, 2021, the company held over 28.42 million shares (or 11.25% of shares), all amounting to roughly $423.4 million.
The next major institution holding the largest number of shares is KPCB XVI Associates, LLC with 17.72 million shares, or about 7.01% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $264.05 million.
We also have Trust for Advised Port-Miller Opportunity Trust and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Desktop Metal Inc. (DM) shares. Going by data provided on Mar 30, 2021, Trust for Advised Port-Miller Opportunity Trust holds roughly 4.6 million shares. This is just over 1.82% of the total shares, with a market valuation of $68.54 million. Data from the same date shows that the other fund manager holds a little less at 3.29 million, or 1.30% of the shares, all valued at about 49.09 million.