In the last trading session, 3.64 million shares of the Desktop Metal Inc (NYSE:DM) were traded, and its beta was 0.68. Most recently the company’s share price was $0.84, and it changed around $0.01 or 2.09% from the last close, which brings the market valuation of the company to $274.28M. DM currently trades at a discount to its 52-week high of $2.30, offering almost -173.81% off that amount. The share price’s 52-week low was $0.46, which indicates that the current value has risen by an impressive 45.24% since then. We note from Desktop Metal Inc’s average daily trading volume that its 3-month average coming to 3.62 million.
Desktop Metal Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended DM as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Desktop Metal Inc is expected to report earnings per share of $General Motors Company for the current quarter.
Desktop Metal Inc (NYSE:DM) trade information
Instantly DM has showed a green trend with a performance of 2.09% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 12.46% year-to-date, but still down -11.68% over the last five days. On the other hand, Desktop Metal Inc (NYSE:DM) is 13.64% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 83.2% from its current value. Analyst projections state that DM is forecast to be at a low of $5 and a high of $5.
Desktop Metal Inc (DM) estimates and forecasts
Desktop Metal Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -24.59 percent over the past six months and at a 40.00% annual growth rate that is well below the industry average of 57.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -278.00%. Desktop Metal Inc earnings are expected to increase by 42.47% in 2024, but the outlook is positive 46.00% per year for the next five years.
DM Dividends
Desktop Metal Inc’s next quarterly earnings report is expected to be released in May.
