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Desktop Metal Inc (NYSE: DM) closed the day trading at $0.82 down -0.29% from the previous closing price of $0.82. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 1.3 million shares were traded. DM stock price reached its highest trading level at $0.8583 during the session, while it also had its lowest trading level at $0.8023.
Ratios:
For a better understanding of DM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 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 271270144 and an Enterprise Value of 330308640. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.741 whereas that against EBITDA is -3.16.
Stock Price History:
The Beta on a monthly basis for DM is 0.68, which has changed by -0.6176744 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. 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 10.09%, while the 200-Day Moving Average is calculated to be -20.88%.
Shares Statistics:
Over the past 3-months, DM traded about 3.46M shares per day on average, while over the past 10 days, DM traded about 2333350 shares per day. 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 34.06% stake in the company. Shares short for DM as of 1713139200 were 65013053 with a Short Ratio of 18.80, compared to 1710460800 on 68006223. Therefore, it implies a Short% of Shares Outstanding of 65013053 and a Short% of Float of 27.66.
Earnings Estimates
The current market rating for Desktop Metal Inc (DM) reflects the collective analysis of 3.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.06, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.03 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.12 and -$0.17 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.09, with 3.0 analysts recommending between -$0.06 and -$0.13.
Revenue Estimates
3 analysts predict $40.8M in revenue for the current quarter. It ranges from a high estimate of $41.9M to a low estimate of $40M. As of the current estimate, Desktop Metal Inc’s year-ago sales were $41.32MFor the next quarter, 3 analysts are estimating revenue of $46.73M. There is a high estimate of $48.2M for the next quarter, whereas the lowest estimate is $46M.
A total of 3 analysts have provided revenue estimates for DM’s current fiscal year. The highest revenue estimate was $190.2M, while the lowest revenue estimate was $185M, resulting in an average revenue estimate of $188.4M. In the same quarter a year ago, actual revenue was $189.7MBased on 3 analysts’ estimates, the company’s revenue will be $208.47M in the next fiscal year. The high estimate is $220.4M and the low estimate is $200M.
