Desktop Metal Inc. (NYSE: DM) Has Been Falling -80.23% Since The Beginning Of The Year. Troubles Ahead? – Marketing Sentinel
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Desktop Metal Inc. (NYSE: DM) Has Been Falling -80.23% Since The Beginning Of The Year. Troubles Ahead?

During the last session, Desktop Metal Inc. (NYSE:DM)’s traded shares were 5.56 million. At the end of the trading day, the stock’s price was $2.57, reflecting an intraday gain of 4.47% or $0.11. The 52-week high for the DM share is $13.34, that puts it down -419.07 from that peak though still a striking 50.97% gain since the share price plummeted to a 52-week low of $1.26. The company’s market capitalization is $744.97M, and the average trade volume was 9.43 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 2.40. 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 -$0.11.

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Desktop Metal Inc. (NYSE:DM) trade information

Desktop Metal Inc. (DM) registered a 4.47% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.47% in intraday trading to $2.57 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 21.80%, and it has moved by 25.37% in 30 days. Based on these gigs, the overall price performance for the year is -80.23%.

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 -51.05% during the last six months, with a year-to-date growth rate less than the industry average at -21.43% against -2.60. In the rating firms’ projections, revenue will increase 123.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $55.36 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $61.51 million by the end of Sep 2022.

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 16.94% of total outstanding shares while institutional holders control 42.67%, with the float percentage being 51.37%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 293 institutions own stock in it. As of Dec 30, 2021, the company held over 19.21 million shares (or 6.13% of all shares), a total value of $95.09 million in shares.

The next largest institutional holding, with 17.5 million shares, is of KPCB XVI Associates, LLC’s that is approximately 5.58% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $125.45 million.

Also, the Mutual Funds coming in first place with the largest holdings of Desktop Metal Inc. (DM) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 6.14 million shares. This amounts to just over 1.96 percent of the company’s overall shares, with a $30.41 million market value. The same data shows that the other fund manager holds slightly less at 5.43 million, or about 1.73% of the stock, which is worth about $26.89 million.

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