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After finishing at $0.86 in the prior trading day, Desktop Metal Inc (NYSE: DM) closed at $0.79, down -7.26%. In other words, the price has decreased by -$7.26 from its previous closing price. On the day, 1.63 million shares were traded. DM stock price reached its highest trading level at $0.89 during the session, while it also had its lowest trading level at $0.7603.
Ratios:
Our goal is to gain a better understanding of DM by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 3.08. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.56.
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.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DM now has a Market Capitalization of 282363424 and an Enterprise Value of 320914144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 1.692 whereas that against EBITDA is -3.07.
Stock Price History:
Over the past 52 weeks, DM has reached a high of $2.30, while it has fallen to a 52-week low of $0.46. The 50-Day Moving Average of the stock is 1.90%, while the 200-Day Moving Average is calculated to be -21.23%.
Shares Statistics:
The stock has traded on average 3.23M shares per day over the past 3-months and 1636220 shares per day over the last 10 days, according to various share statistics. A total of 325.27M shares are outstanding, with a floating share count of 208.19M. Insiders hold about 36.94% of the company’s shares, while institutions hold 33.96% stake in the company. Shares short for DM as of 1713139200 were 65013053 with a Short Ratio of 20.15, compared to 1710460800 on 68006223. Therefore, it implies a Short% of Shares Outstanding of 65013053 and a Short% of Float of 27.66.
