Desktop Metal Inc (NYSE:DM) has a beta value of 0.71 and has seen 0.14 million shares traded in the last trading session. The company, currently valued at $85.35M, closed the last trade at $2.56 per share which meant it lost -$0.04 on the day or -1.54% during that session. The DM stock price is -360.94% off its 52-week high price of $11.80 and 21.09% above the 52-week low of $2.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.23 million shares traded. The 3-month trading volume is 297.91K shares.
The consensus among analysts is that Desktop Metal Inc (DM) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
Desktop Metal Inc (NYSE:DM) trade information
Sporting -1.54% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DM stock price touched $2.56 or saw a rise of 6.57%. Year-to-date, Desktop Metal Inc shares have moved 9.40%, while the 5-day performance has seen it change -4.12%. Over the past 30 days, the shares of Desktop Metal Inc (NYSE:DM) have changed 7.56%. Short interest in the company has seen 2.73 million shares shorted with days to cover at 8.8.
Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 51.24% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.5. In that case, then, we find that the current price level is -114.84% off the targeted high while a plunge would see the stock gain -95.31% from current levels.
Desktop Metal Inc (DM) estimates and forecasts
Figures show that Desktop Metal Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -37.71% over the past 6 months, with this year growth rate of 27.60%, compared to 30.90% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -275.72% over the past 5 years.
DM Dividends
Desktop Metal Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Desktop Metal Inc (NYSE:DM)’s Major holders
Insiders own 39.87% of the company shares, while shares held by institutions stand at 36.38% with a share float percentage of 60.49%. Investors are also buoyed by the number of investors in a company, with Desktop Metal Inc having a total of 112.0 institutions that hold shares in the company. The top two institutional holders are REDWOOD WEALTH MANAGEMENT GROUP, LLC with over 24277.0 shares worth more than $0.1 million. As of 2024-06-30, REDWOOD WEALTH MANAGEMENT GROUP, LLC held 0.0734% of shares outstanding.
The other major institutional holder is CWM, LLC, with the holding of over 835.0 shares as of 2024-06-30. The firm’s total holdings are worth over $3000.0 and represent 0.0003% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK The 3D Printing ETF and Vanguard Total Stock Market Index Fund. As of Dec 31, 2024 , the former fund manager holds about 2.28% shares in the company for having 758.82 shares of worth $1.94 million while later fund manager owns 706.08 shares of worth $1.81 million as of Sep 30, 2024 , which makes it owner of about 2.12% of company’s outstanding stock.
