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As of close of business last night, Desktop Metal Inc’s stock clocked out at $0.57, down -1.32% from its previous closing price of $0.58. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 2.01 million shares were traded. DM stock price reached its highest trading level at $0.58 during the session, while it also had its lowest trading level at $0.5402.
Ratios:
To gain a deeper understanding of DM’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 188325712 and an Enterprise Value of 265708704. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 1.406 whereas that against EBITDA is -3.29.
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 -26.21%, while the 200-Day Moving Average is calculated to be -35.73%.
Shares Statistics:
It appears that DM traded 3.03M shares on average per day over the past three months and 2198690 shares per day over the past ten days. A total of 325.27M shares are outstanding, with a floating share count of 205.69M. Insiders hold about 37.74% of the company’s shares, while institutions hold 29.31% stake in the company. Shares short for DM as of 1715731200 were 59879002 with a Short Ratio of 19.75, compared to 1713139200 on 65013053. Therefore, it implies a Short% of Shares Outstanding of 59879002 and a Short% of Float of 25.45.
Earnings Estimates
Its stock is currently analyzed by 3.0 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 -$0.05. 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 -$0.13 and -$0.18 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.1, with 3.0 analysts recommending between -$0.06 and -$0.14.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $45.9M. It ranges from a high estimate of $46.7M to a low estimate of $45M. As of the current estimate, Desktop Metal Inc’s year-ago sales were $53.29MFor the next quarter, 3 analysts are estimating revenue of $43.7M. There is a high estimate of $46.8M for the next quarter, whereas the lowest estimate is $42M.
A total of 3 analysts have provided revenue estimates for DM’s current fiscal year. The highest revenue estimate was $190M, while the lowest revenue estimate was $183.1M, resulting in an average revenue estimate of $186.03M. In the same quarter a year ago, actual revenue was $189.7MBased on 3 analysts’ estimates, the company’s revenue will be $207.8M in the next fiscal year. The high estimate is $220.4M and the low estimate is $198M.
