91 institutions hold shares in Desktop Metal Inc. (DM), with 53.55M shares held by insiders accounting for 23.62% while institutional investors hold 48.04% of the company’s shares. The shares outstanding are 231.74M, and float is at 98.04M with Short Float at 9.76%. Institutions hold 36.70% of the Float.
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Desktop Metal Inc. (NYSE: DM) is 39.42% higher on its value in year-to-date trading and has touched a low of $9.40 and a high of $34.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DM stock was last observed hovering at around $26.09 in the last trading session, with the day’s loss setting it -2.11% off its average median price target of $26.50 for the next 12 months. It is also 20.07% off the consensus price target high of $30.00 offered by 4 analysts, but current levels are -4.26% lower than the price target low of $23.00 for the same period.
Currently trading at $23.98, the stock is -12.36% and 5.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.07 million and changing -8.09% at the moment leaves the stock 74.44% off its SMA200. DM registered 137.43% gain for a year compared to 6-month gain of 136.96%. The firm has a 50-day simple moving average (SMA 50) of $24.82 and a 200-day simple moving average (SMA200) of $15.46.
The stock witnessed a -0.17% loss in the last 1 month and extending the period to 3 months gives it a 131.24%, and is -21.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.77% over the week and 9.11% over the month.
Desktop Metal Inc. (DM) has around 203 employees, a market worth around $5.47B and $13.66M in sales. Distance from 52-week low is 155.11% and -31.37% from its 52-week high.
Desktop Metal Inc. (DM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Desktop Metal Inc. (DM) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Desktop Metal Inc. quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $9.31M over the same period..