One More Stock Investors Ought To Pay Attention To Is Desktop Metal Inc. (NYSE: DM) – Marketing Sentinel
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One More Stock Investors Ought To Pay Attention To Is Desktop Metal Inc. (NYSE: DM)

During the last session, Desktop Metal Inc. (NYSE:DM)’s traded shares were 30.82 million. At the end of the trading day, the stock’s price was $1.60, reflecting an intraday gain of 11.11% or $0.16. The 52-week high for the DM share is $15.48, that puts it down -867.5 from that peak though still a striking 21.25% gain since the share price plummeted to a 52-week low of $1.26. The company’s market capitalization is $508.70M, and the average trade volume was 7.89 million shares over the past three months.

Desktop Metal Inc. (DM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. DM has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.

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Desktop Metal Inc. (NYSE:DM) trade information

Desktop Metal Inc. (DM) registered a 11.11% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 11.11% in intraday trading to $1.60 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -60.49%, and it has moved by -64.44% in 30 days. Based on these gigs, the overall price performance for the year is -86.32%.

The consensus price target of analysts on Wall Street is $4.38, which implies an increase of 63.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $7.00 respectively. As a result, DM is trading at a discount of -337.5% off the target high and -25.0% off the low.

Desktop Metal Inc. (DM) estimates and forecasts

Statistics show that Desktop Metal Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Desktop Metal Inc. (DM) shares have gone down -80.46% during the last six months, with a year-to-date growth rate less than the industry average at -14.29% against 1.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -12.50% this quarter and then drop -433.30% in the quarter after that. In the rating firms’ projections, revenue will increase 522.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $46.35 million as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $52 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $16.47 million and $11.31 million respectively. In this case, analysts expect current quarter sales to grow by 181.40% and then jump by 359.60% in the coming quarter.

While earnings are projected to return -327.80% in 2022, the next five years will return 46.00% per annum.

DM Dividends

Desktop Metal Inc. is due to release its next quarterly earnings between March 14 and March 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Desktop Metal Inc. (NYSE:DM)’s Major holders

Desktop Metal Inc. insiders own 17.84% of total outstanding shares while institutional holders control 41.10%, with the float percentage being 50.03%. KPCB XVI Associates, LLC is the largest shareholder of the company, while 275 institutions own stock in it. As of Sep 29, 2021, the company held over 17.5 million shares (or 5.63% of all shares), a total value of $125.45 million in shares.

The next largest institutional holding, with 14.41 million shares, is of NEA Management Company, LLC’s that is approximately 4.63% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $103.3 million.

Also, the Mutual Funds coming in first place with the largest holdings of Desktop Metal Inc. (DM) shares are ARK ETF Tr-ARK The 3D Printing ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 29, 2021 indicates that ARK ETF Tr-ARK The 3D Printing ETF owns about 4.78 million shares. This amounts to just over 1.54 percent of the company’s overall shares, with a $31.18 million market value. The same data shows that the other fund manager holds slightly less at 4.47 million, or about 1.44% of the stock, which is worth about $32.05 million.

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