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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
