Desktop Metal Inc (NYSE: DM): To Buy Or Not To Buy, That Is The Question

Desktop Metal Inc (DM) concluded trading on 01/04/24 at a closing price of $0.65, with 3.12 million shares of worth about $2.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -62.65% during that period and on Thursday the price saw a loss of about -3.58%. Currently the company’s common shares owned by public are about 318.13M shares, out of which, 213.31M shares are available for trading.

Stock saw a price change of -20.38% in past 5 days and over the past one month there was a price change of -18.22%. Year-to-date (YTD), DM shares are showing a performance of -13.97% which decreased to -52.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.61 but also hit the highest price of $2.55 during that period. The average intraday trading volume for Desktop Metal Inc shares is 3.33 million. The stock is currently trading -12.32% below its 20-day simple moving average (SMA20), while that difference is down -18.87% for SMA50 and it goes to -58.17% lower than SMA200.

Desktop Metal Inc (NYSE: DM) currently have 318.13M outstanding shares and institutions hold larger chunk of about 38.83% of that.

The stock has a current market capitalization of $209.81M and its 3Y-monthly beta is at 0.66. It has posted earnings per share of -$1.44 in the same period. It has Quick Ratio of 1.91 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DM, volatility over the week remained 7.54% while standing at 10.07% over the month.

Analysts are in expectations that Desktop Metal Inc (DM) stock would likely to be making an EPS of $Qualtrics International Inc. in the current quarter, while forecast for next quarter EPS is $48.29 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $Dollar General Corporation which is $Macy’s Inc at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Zoom Video Communications, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 33.77% while it is estimated to increase by 47.27% in next year. EPS is likely to grow at an annualized rate of 46.00% for next 5-years, compared to annual growth of -552.17% made by the stock over the past 5-years.

Analysts at 2 brokerage firms have issued recommendations for the Desktop Metal Inc (DM)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 2 Wall Street analysts, 0 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 06, 2023 offering an Equal-weight rating for the stock and assigned a target price of $1.75 to it.

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