Desktop Metal Inc. (NYSE: DM) is 37.50% higher on its value in year-to-date trading and has touched a low of $1.13 and a high of $5.28 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 $1.70 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $1.87, the stock is 28.61% and 7.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.62 million and changing 10.00% at the moment leaves the stock -26.11% off its SMA200. DM registered -53.13% loss for a year compared to 6-month loss of -29.17%.
The stock witnessed a 42.75% gain in the last 1 month and extending the period to 3 months gives it a -21.76%, and is 9.36% up 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 10.04% over the week and 8.99% over the month.
Desktop Metal Inc. (DM) has around 1370 employees, a market worth around $539.91M and $205.10M in sales. Distance from 52-week low is 65.49% and -64.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.70%).
The EPS is expected to shrink by -327.80% this year.
Desktop Metal Inc. (DM) Top Institutional Holders
The shares outstanding are 316.01M, and float is at 283.70M with Short Float at 23.21%.
Desktop Metal Inc. (DM) Insider Activity
The most recent transaction is an insider purchase by Fulop Ric,the company’sCHIEF 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).