Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Desktop Metal Inc (NYSE: DM) closed the day trading at $4.84 up 6.84% from the previous closing price of $4.53. In other words, the price has increased by $6.84 from its previous closing price. On the day, 3.34 million shares were traded. DM stock price reached its highest trading level at $4.89 during the session, while it also had its lowest trading level at $4.63.
Ratios:
For a better understanding of DM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 1.93 whereas as Long-Term Debt/Eq ratio is at 1.82.
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 12 ’24 when Nogueira Thomas sold 7,298 shares for $4.16 per share. The transaction valued at 30,360 led to the insider holds 39,247 shares of the business.
THOMAS NOGUEIRA bought 7,298 shares of DM for $30,367 on Aug 12 ’24. On Aug 05 ’24, another insider, Cole Jason M, who serves as the CFO & TREASURER of the company, sold 24,064 shares for $4.23 each. As a result, the insider received 101,791 and left with 69,352 shares of the company.
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 161372384 and an Enterprise Value of 270658464. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 1.608 whereas that against EBITDA is -4.522.
Stock Price History:
The Beta on a monthly basis for DM is 0.39, which has changed by -0.43192488 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, DM has reached a high of $11.80, while it has fallen to a 52-week low of $1.84. The 50-Day Moving Average of the stock is 96.13%, while the 200-Day Moving Average is calculated to be 25.82%.
Shares Statistics:
Over the past 3-months, DM traded about 1.24M shares per day on average, while over the past 10 days, DM traded about 6481050 shares per day. A total of 33.34M shares are outstanding, with a floating share count of 19.11M. Insiders hold about 42.69% of the company’s shares, while institutions hold 22.36% stake in the company. Shares short for DM as of 1741910400 were 2956141 with a Short Ratio of 2.38, compared to 1739491200 on 2873015. Therefore, it implies a Short% of Shares Outstanding of 2956141 and a Short% of Float of 12.94.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
At present, 1.0 analysts are actively evaluating the performance of Desktop Metal Inc (DM) in the stock market.The consensus estimate for the next quarter is -$0.28, with high estimates of -$0.28 and low estimates of -$0.28.
Analysts are recommending an EPS of between -$1.81 and -$1.81 for the fiscal current year, implying an average EPS of -$1.81. EPS for the following year is -$0.66, with 1.0 analysts recommending between -$0.66 and -$0.66.
Revenue Estimates
1 analysts predict $44.1M in revenue for the current quarter. It ranges from a high estimate of $44.1M to a low estimate of $44.1M. As of the current estimate, Desktop Metal Inc’s year-ago sales were $52.35MFor the next quarter, 1 analysts are estimating revenue of $38.8M. There is a high estimate of $38.8M for the next quarter, whereas the lowest estimate is $38.8M.
A total of 1 analysts have provided revenue estimates for DM’s current fiscal year. The highest revenue estimate was $160M, while the lowest revenue estimate was $160M, resulting in an average revenue estimate of $160M. In the same quarter a year ago, actual revenue was $189.7MBased on 1 analysts’ estimates, the company’s revenue will be $170M in the next fiscal year. The high estimate is $170M and the low estimate is $170M.
