After finishing at $0.53 in the prior trading day, Desktop Metal Inc (NYSE: DM) closed at $0.53, up 1.85%. In other words, the price has increased by $+0.0097 from its previous closing price. On the day, 2539399 shares were traded.
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 1.91 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
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 Mar 06 when DUSSAULT SCOTT J sold 26,969 shares for $2.40 per share. The transaction valued at 64,726 led to the insider holds 0 shares of the business.
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 173.67M and an Enterprise Value of 208.63M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 1.04 whereas that against EBITDA is -0.52.
Stock Price History:
Over the past 52 weeks, DM has reached a high of $2.55, while it has fallen to a 52-week low of $0.46. The 50-Day Moving Average of the stock is 0.6505, while the 200-Day Moving Average is calculated to be 1.2795.
Shares Statistics:
The stock has traded on average 3.94M shares per day over the past 3-months and 3.7M shares per day over the last 10 days, according to various share statistics. A total of 318.13M shares are outstanding, with a floating share count of 203.92M. Insiders hold about 37.20% of the company’s shares, while institutions hold 34.14% stake in the company. Shares short for DM as of Jan 31, 2024 were 70.99M with a Short Ratio of 18.03, compared to 68.38M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 21.86% and a Short% of Float of 25.28%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.05, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.27 and -$0.27 for the fiscal current year, implying an average EPS of -$0.27. EPS for the following year is -$0.14, with 2 analysts recommending between -$0.14 and -$0.15.
Revenue Estimates
2 analysts predict $51.25M in revenue for the current quarter. It ranges from a high estimate of $51.5M to a low estimate of $51M. As of the current estimate, Desktop Metal Inc’s year-ago sales were $60.56M, an estimated decrease of -15.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $40.02M, a decrease of -3.10% over than the figure of -$15.40% in the same quarter last year. There is a high estimate of $43.3M for the next quarter, whereas the lowest estimate is $36.75M.
A total of 2 analysts have provided revenue estimates for DM’s current fiscal year. The highest revenue estimate was $188.85M, while the lowest revenue estimate was $188.3M, resulting in an average revenue estimate of $188.58M. In the same quarter a year ago, actual revenue was $209.02M, down -9.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $196M in the next fiscal year. The high estimate is $203.5M and the low estimate is $188.5M. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.
