Desktop Metal Inc. (NYSE: DM) is -47.68% lower on its value in year-to-date trading and has touched a low of $1.26 and a high of $9.69 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 $2.96 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $2.80 for the next 12 months. It is also 56.83% off the consensus price target high of $6.00 offered by 5 analysts, but current levels are -3.6% lower than the price target low of $2.50 for the same period.
Currently trading at $2.59, the stock is -20.65% and -10.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.08 million and changing -12.50% at the moment leaves the stock -26.78% off its SMA200. DM registered -65.97% loss for a year compared to 6-month loss of -48.92%.
The stock witnessed a -19.06% gain in the last 1 month and extending the period to 3 months gives it a 0.78%, and is -23.37% 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 7.99% over the week and 8.21% over the month.
Desktop Metal Inc. (DM) has around 1370 employees, a market worth around $865.99M and $183.50M in sales. Distance from 52-week low is 105.56% and -73.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.70%).
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 3 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -327.80% this year
Desktop Metal Inc. (DM) Top Institutional Holders
The shares outstanding are 313.56M, and float is at 262.04M with Short Float at 23.18%.
Desktop Metal Inc. (DM) Insider Activity
The most recent transaction is an insider purchase by Fulop Ric, the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Fulop Ric bought 6,000 shares of the company’s common stock on Aug 22 at a price of $3.21 per share for a total of $19235.0. Following the purchase, the insider now owns 20.26 million shares.
Desktop Metal Inc. disclosed in a document filed with the SEC on Aug 16 that Fulop Ric (CHIEF EXECUTIVE OFFICER) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 16 and was made at $3.20 per share for $16016.0. Following the transaction, the insider now directly holds 20.26 million shares of the DM stock.
Still, SEC filings show that on Aug 11, Fulop Ric (CHIEF EXECUTIVE OFFICER) acquired 30,000 shares at an average price of $3.09 for $92844.0. The insider now directly holds 20,253,999 shares of Desktop Metal Inc. (DM).