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The price of Desktop Metal Inc (NYSE: DM) closed at $5.05 in the last session, up 1.00% from day before closing price of $5.00. In other words, the price has increased by $1.00 from its previous closing price. On the day, 1.08 million shares were traded. DM stock price reached its highest trading level at $5.1 during the session, while it also had its lowest trading level at $4.83.
Ratios:
We take a closer look at DM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.69.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 16 ’24 when Myerberg Jonah sold 190,004 shares for $0.60 per share. The transaction valued at 113,109 led to the insider holds 2,303,468 shares of the business.
Cole Jason M sold 180,000 shares of DM for $111,096 on May 15 ’24. The CFO & TREASURER now owns 871,680 shares after completing the transaction at $0.62 per share.
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 166849984 and an Enterprise Value of 244232960. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.292 whereas that against EBITDA is -3.025.
Stock Price History:
The Beta on a monthly basis for DM is 0.62, which has changed by -0.7209945 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, DM has reached a high of $20.00, while it has fallen to a 52-week low of $3.62. The 50-Day Moving Average of the stock is -12.86%, while the 200-Day Moving Average is calculated to be -34.10%.
Shares Statistics:
According to the various share statistics, DM traded on average about 607.51K shares per day over the past 3-months and 1678370 shares per day over the past 10 days. A total of 32.53M shares are outstanding, with a floating share count of 20.63M. Insiders hold about 37.91% of the company’s shares, while institutions hold 29.25% stake in the company. Shares short for DM as of 1718323200 were 5826941 with a Short Ratio of 9.59, compared to 1715731200 on 5987900. Therefore, it implies a Short% of Shares Outstanding of 5826941 and a Short% of Float of 24.77.
