Desktop Metal Inc (NYSE:DM) has a beta value of 0.31 and has seen 1.35 million shares traded in the last trading session. The company, currently valued at $166.37M, closed the last trade at $4.99 per share which meant it gained $0.15 on the day or 3.10% during that session. The DM stock price is -136.47% off its 52-week high price of $11.80 and 63.13% above the 52-week low of $1.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.55 million shares traded. The 3-month trading volume is 1.29 million 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. The expected earnings per share for the stock is -0.28.
Desktop Metal Inc (NYSE:DM) trade information
Sporting 3.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DM stock price touched $4.99 or saw a rise of 1.96%. Year-to-date, Desktop Metal Inc shares have moved 113.25%, while the 5-day performance has seen it change 123.77%. Over the past 30 days, the shares of Desktop Metal Inc (NYSE:DM) have changed 128.90%. Short interest in the company has seen 2.96 million shares shorted with days to cover at 13.66.
Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 4.95% 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 -10.22% off the targeted high while a plunge would see the stock gain -0.2% from current levels.
Desktop Metal Inc (DM) estimates and forecasts
The company’s shares have gained 8.95% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -15.66%.
1 analysts offering their estimates for the company have set an average revenue estimate of 44.1M for the current quarter. 1 have an estimated revenue figure of 38.8M for the next ending quarter. Year-ago sales stood 52.35M and 40.6M respectively for this quarter and the next, and analysts expect sales will shrink by -15.75% for the current quarter and -15.66% for the next.
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 0.95% over the past 5 years.
DM Dividends
Desktop Metal Inc is expected to release its next earnings report on 2025-Mar-30 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 39.88% of the company shares, while shares held by institutions stand at 35.22% with a share float percentage of 58.58%. Investors are also buoyed by the number of investors in a company, with Desktop Metal Inc having a total of 105.0 institutions that hold shares in the company. The top two institutional holders are IONIC CAPITAL MANAGEMENT LLC with over 1.75 million shares worth more than $7.22 million. As of 2024-06-30, IONIC CAPITAL MANAGEMENT LLC held 5.2869% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 1.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.95 million and represent 4.3521% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 2.04% shares in the company for having 680.45 shares of worth $3.4 million while later fund manager owns 357.14 shares of worth $1.78 million as of Dec 31, 2024 , which makes it owner of about 1.07% of company’s outstanding stock.
