Desktop Metal Inc (DM) concluded trading on Thursday at a closing price of $0.72, with 4.03 million shares of worth about $2.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.00% during that period and on May 09, 2024 the price saw a loss of about -14.28%. Currently the company’s common shares owned by public are about 325.27M shares, out of which, 208.13M shares are available for trading.
Stock saw a price change of -9.61% in past 5 days and over the past one month there was a price change of -35.71%. Year-to-date (YTD), DM shares are showing a performance of -4.11% which decreased to -58.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.46 but also hit the highest price of $2.30 during that period. The average intraday trading volume for Desktop Metal Inc shares is 3.22 million. The stock is currently trading -15.19% below its 20-day simple moving average (SMA20), while that difference is down -9.40% for SMA50 and it goes to -27.39% lower than SMA200.
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Desktop Metal Inc (NYSE: DM) currently have 325.27M outstanding shares and institutions hold larger chunk of about 33.32% of that.
The stock has a current market capitalization of $237.76M and its 3Y-monthly beta is at 0.71. It has posted earnings per share of -$1.00 in the same period. It has Quick Ratio of 1.90 while making debt-to-equity ratio of 0.60. 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 10.80% while standing at 9.20% over the month.
Stock’s fiscal year EPS is expected to rise by 41.16% while it is estimated to increase by 37.78% in next year. EPS is likely to grow at an annualized rate of 46.00% for next 5-years, compared to annual growth of -278.00% 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.
