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Desktop Metal Inc. (DM) Volatility At 9.81%, Should You Add A Position?

119 institutions hold shares in Desktop Metal Inc. (DM), with 57.85M shares held by insiders accounting for 23.67% while institutional investors hold 49.14% of the company’s shares. The shares outstanding are 224.63M, and float is at 180.62M with Short Float at 3.42%. Institutions hold 37.51% of the Float.

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The top institutional shareholder in the company is NEA Management Company, LLC with over 28.42 million shares valued at $488.76 million. The investor’s holdings represent 12.53% of the DM Shares outstanding. As of Dec 30, 2020, the second largest holder is KPCB XVI Associates, LLC with 17.72 million shares valued at $304.8 million to account for 7.82% of the shares outstanding. The other top investors are Miller Value Partners, LLC which holds 7.91 million shares representing 3.49% and valued at over $135.98 million, while XN Exponent Advisors, LLC holds 1.32% of the shares totaling 3.0 million with a market value of $51.6 million.

Desktop Metal Inc. (NYSE: DM) is -10.70% lower on its value in year-to-date trading and has touched a low of $9.84 and a high of $34.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DM stock was last observed hovering at around $14.90 in the last trading session, with the day’s gains setting it 0.46% off its average median price target of $28.00 for the next 12 months. It is also 54.82% off the consensus price target high of $34.00 offered by 5 analysts, but current levels are -39.64% lower than the price target low of $11.00 for the same period.

Currently trading at $15.36, the stock is -13.72% and -31.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 3.09% at the moment leaves the stock 2.58% off its SMA200. DM registered 54.99% gain for a year compared to 6-month gain of 42.22%. The firm has a 50-day simple moving average (SMA 50) of $19.80 and a 200-day simple moving average (SMA200) of $17.06.

The stock witnessed a -15.23% loss in the last 1 month and extending the period to 3 months gives it a -10.23%, and is -8.95% 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 9.81% over the week and 10.98% over the month.

Desktop Metal Inc. (DM) has around 202 employees, a market worth around $3.64B and $16.50M in sales. Distance from 52-week low is 56.10% and -56.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.70%).

Desktop Metal Inc. (DM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Desktop Metal Inc. (DM) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Desktop Metal Inc. quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $10.1M over the same period.The EPS is expected to shrink by -653.50% this year, but quarterly earnings will post 515.70% year-over-year.

Desktop Metal Inc. (DM) Insider Activity

The most recent transaction is an insider sale by Hindery Leo J. Jr., the company’s Director. SEC filings show that Hindery Leo J. Jr. sold 250,000 shares of the company’s common stock on Mar 17 at a price of $19.35 per share for a total of $4.84 million. Following the sale, the insider now owns 2.9 million shares.

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