Desktop Metal Inc (DM) concluded trading on Thursady at a closing price of $0.46, with 5.65 million shares of worth about $2.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.05% during that period and on Thursady the price saw a loss of about -8.57%. Currently the company’s common shares owned by public are about 318.13M shares, out of which, 203.77M shares are available for trading.
Stock saw a price change of -29.67% in past 5 days and over the past one month there was a price change of -36.76%. Year-to-date (YTD), DM shares are showing a performance of -38.19% which decreased to -71.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $2.55 during that period. The average intraday trading volume for Desktop Metal Inc shares is 3.85 million. The stock is currently trading -22.99% below its 20-day simple moving average (SMA20), while that difference is down -29.56% for SMA50 and it goes to -64.06% lower than SMA200.
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Desktop Metal Inc (NYSE: DM) currently have 318.13M outstanding shares and institutions hold larger chunk of about 34.14% of that.
The stock has a current market capitalization of $150.74M and its 3Y-monthly beta is at 0.62. 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 11.05% while standing at 9.03% over the month.
Analysts are in expectations that Desktop Metal Inc (DM) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.04 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 -$0.07 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.
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. On August 17, 2022, Credit Suisse Initiated their recommendations, while on January 10, 2022, Lake Street Upgrade their ratings for the stock with a price target of $5. Stock get a Buy rating from Lake Street on January 10, 2022.
