Currently, there are 33.31M common shares owned by the public and among those 19.11M shares have been available to trade.
The company’s stock has a 5-day price change of 64.36% and 45.81% over the past three months. DM shares are trading 93.16% year to date (YTD), with the 12-month market performance down to -40.20% lower. It has a 12-month low price of $1.84 and touched a high of $11.80 over the same period. DM has an average intraday trading volume of 276.25K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 92.55%, 90.00%, and 17.31% respectively.
Institutional ownership of Desktop Metal Inc (NYSE: DM) shares accounts for 22.36% of the company’s 33.31M shares outstanding.
It has a market capitalization of $150.71M and a beta (3y monthly) value of 0.80. The earnings-per-share (ttm) stands at -$11.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.05% over the week and 9.83% over the month.
Analysts forecast that Desktop Metal Inc (DM) will achieve an EPS of -0.28 for the current quarter, -0.28 for the next quarter and -0.66 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.28 while analysts give the company a high EPS estimate of -0.28. Comparatively, EPS for the current quarter was -0.33 a year ago. Earnings per share for the fiscal year are expected to increase by 29.00%, and 63.54% over the next financial year.
Looking at the support for the DM, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 06, 2023, with the firm’s price target at $1.75. Credit Suisse was of a view on August 17, 2022 that the stock is Neutral, while Lake Street gave the stock Buy rating on January 10, 2022, issuing a price target of $5. Lake Street on their part issued Buy rating on January 10, 2022.
