There’s a new sense of excitement surrounding Desktop Metal Inc. (DM)

In other words, the price has increased by $0.0000 from its previous closing price. On the day, 2626866 shares were traded. DM stock price reached its highest trading level at $1.9100 during the session, while it also had its lowest trading level at $1.8100.

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A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

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Ratios:

For a better understanding of DM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 06, 2023, initiated with a Equal-Weight rating and assigned the stock a target price of $1.75.

On August 17, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $2.80.Credit Suisse initiated its Neutral rating on August 17, 2022, with a $2.80 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 22 when Fulop Ric bought 6,000 shares for $3.21 per share. The transaction valued at 19,235 led to the insider holds 20,264,999 shares of the business.

Fulop Ric bought 5,000 shares of DM for $16,016 on Aug 16. The CHIEF EXECUTIVE OFFICER now owns 20,258,999 shares after completing the transaction at $3.20 per share. On Aug 11, another insider, Fulop Ric, who serves as the CHIEF EXECUTIVE OFFICER of the company, bought 30,000 shares for $3.09 each. As a result, the insider paid 92,844 and bolstered with 20,253,999 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63 while its Price-to-Book (P/B) ratio in mrq is 0.73.

Stock Price History:

Over the past 52 weeks, DM has reached a high of $5.28, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is 1.7360, while the 200-Day Moving Average is calculated to be 2.5141.

Shares Statistics:

Over the past 3-months, DM traded about 3.60M shares per day on average, while over the past 10 days, DM traded about 3.73M shares per day. A total of 316.01M shares are outstanding, with a floating share count of 283.70M. Insiders hold about 6.60% of the company’s shares, while institutions hold 49.80% stake in the company. Shares short for DM as of Oct 13, 2022 were 62.11M with a Short Ratio of 65.85M, compared to 59.15M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 19.68% and a Short% of Float of 23.48%.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.09, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.04 and low estimates of -$0.09.

Analysts are recommending an EPS of between -$0.34 and -$0.4 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.19, with 4 analysts recommending between -$0.15 and -$0.26.

Revenue Estimates

A total of 5 analysts have provided revenue estimates for DM’s current fiscal year. The highest revenue estimate was $259.6M, while the lowest revenue estimate was $239.93M, resulting in an average revenue estimate of $251.88M. In the same quarter a year ago, actual revenue was $112.41M, up 124.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $331.56M in the next fiscal year. The high estimate is $403.8M and the low estimate is $300M. The average revenue growth estimate for next year is up 31.60% from the average revenue estimate for this year.