During the last session, Desktop Metal Inc (NYSE:DM)’s traded shares were 0.54 million, with the beta value of the company hitting 0.63. At the end of the trading day, the stock’s price was $2.19, reflecting an intraday gain of 4.29% or $0.09. The 52-week high for the DM share is $11.80, that puts it down -438.81 from that peak though still a striking 4.11% gain since the share price plummeted to a 52-week low of $2.10. The company’s market capitalization is $73.02M, and the average intraday trading volume over the past 10 days was 0.25 million shares, and the average trade volume was 297.50K shares over the past three months.
Desktop Metal Inc (DM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. DM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 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 -0.28.
Desktop Metal Inc (NYSE:DM) trade information
Desktop Metal Inc (DM) registered a 4.29% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.29% in intraday trading to $2.19, hitting a weekly high. The stock’s 5-day price performance is -9.88%, and it has moved by -23.16% in 30 days. Based on these gigs, the overall price performance for the year is -70.16%. The short interest in Desktop Metal Inc (NYSE:DM) is 2.38 million shares and it means that shorts have 7.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.25, which implies an increase of 58.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5.5 respectively. As a result, DM is trading at a discount of -151.14% off the target high and -128.31% 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 -55.21% during the last six months, with a year-to-date growth rate less than the industry average at 27.60% against 30.90. In the rating firms’ projections, revenue will decrease -15.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 44.1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 38.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 52.35M and 40.6M respectively. In this case, analysts expect current quarter sales to shrink by -15.75% and then drop by -4.43% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -275.72%. While earnings are projected to return 29.00% in 2025.
DM Dividends
Desktop Metal Inc is due to release its next quarterly earnings in February. 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 39.87% of total outstanding shares while institutional holders control 35.42%, with the float percentage being 58.90%. REDWOOD WEALTH MANAGEMENT GROUP, LLC is the largest shareholder of the company, while 109.0 institutions own stock in it. As of 2024-06-30, the company held over 24277.0 shares (or 0.0734% of all shares), a total value of $0.1 million in shares.
The next largest institutional holding, with 835.0 shares, is of CWM, LLC’s that is approximately 0.0003% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3000.0.
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 30, 2024 indicates that ARK ETF Tr-ARK The 3D Printing ETF owns about 776.19 shares. This amounts to just over 2.33 percent of the company’s overall shares, with a $1.7 million market value. The same data shows that the other fund manager holds slightly less at 706.08, or about 2.12% of the stock, which is worth about $1.55 million.
