For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Desktop Metal Inc (NYSE: DM) closed at $0.84 up 2.09% from its previous closing price of $0.83. In other words, the price has increased by $2.09 from its previous closing price. On the day, 3.64 million shares were traded. DM stock price reached its highest trading level at $0.8699 during the session, while it also had its lowest trading level at $0.8111.
Ratios:
For a deeper understanding of Desktop Metal Inc’s stock, let’s take a closer look at its various 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 278411424 and an Enterprise Value of 337890144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 1.781 whereas that against EBITDA is -3.232.
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 16.96%, while the 200-Day Moving Average is calculated to be -20.39%.
Shares Statistics:
For the past three months, DM has traded an average of 3.62M shares per day and 3400280 over the past ten days. A total of 325.27M shares are outstanding, with a floating share count of 204.76M. Insiders hold about 36.94% of the company’s shares, while institutions hold 34.58% stake in the company. Shares short for DM as of 1711584000 were 65201943 with a Short Ratio of 18.02, compared to 1709164800 on 70058621. Therefore, it implies a Short% of Shares Outstanding of 65201943 and a Short% of Float of 22.82.
