In last trading session, Desktop Metal Inc (NYSE:DM) saw 0.65 million shares changing hands with its beta currently measuring 0.82. Company’s recent per share price level of $2.49 trading at $0.45 or 22.06% at ring of the bell on the day assigns it a market valuation of $83.02M. That closing price of DM’s stock is at a discount of -373.9% from its 52-week high price of $11.80 and is indicating a premium of 26.1% from its 52-week low price of $1.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.24 million shares which gives us an average trading volume of 278.02K if we extend that period to 3-months.
For Desktop Metal Inc (DM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.28 in the current quarter.
Desktop Metal Inc (NYSE:DM) trade information
Upright in the green during last session for gaining 22.06%, in the last five days DM remained trading in the green while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $2.49 price level, adding 4.96% to its value on the day. Desktop Metal Inc’s shares saw a change of 6.41% in year-to-date performance and have moved 21.46% in past 5-day. Desktop Metal Inc (NYSE:DM) showed a performance of -0.40% in past 30-days. Number of shares sold short was 2.85 million shares which calculate 12.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.25 to the stock, which implies a rise of 52.57% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5.5. It follows that stock’s current price would drop -100.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -100.8% for stock’s current value.
Desktop Metal Inc (DM) estimates and forecasts
This year revenue growth is estimated to fall -15.66% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 44.1M for the same. And 1 analysts are in estimates of company making revenue of 38.8M in the next quarter. Company posted 52.35M and 40.6M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -275.72% during past 5 years.
Desktop Metal Inc (NYSE:DM)’s Major holders
Insiders are in possession of 39.88% of company’s total shares while institution are holding 35.33 percent of that, with stock having share float percentage of 58.76%. Investors also watch the number of corporate investors in a company very closely, which is 35.33% institutions for Desktop Metal Inc that are currently holding shares of the company. REDWOOD WEALTH MANAGEMENT GROUP, LLC is the top institutional holder at DM for having 24277.0 shares of worth $0.1 million. And as of 2024-06-30, it was holding 0.0734 of the company’s outstanding shares.
The second largest institutional holder is CWM, LLC, which was holding about 835.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0003 of outstanding shares, having a total worth of $3000.0.
On the other hand, ARK ETF Tr-ARK The 3D Printing ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 758.82 shares of worth $1.89 million or 2.28% of the total outstanding shares. The later fund manager was in possession of 680.45 shares on Dec 31, 2024 , making its stake of worth around $1.69 million in the company or a holder of 2.04% of company’s stock.
