Desktop Metal Inc (NYSE: DM) is -13.18% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $2.41 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 $0.62 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.65, the stock is 10.91% and 5.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.31 million and changing 5.78% at the moment leaves the stock -45.59% off its SMA200. DM registered -69.95% loss for a year compared to 6-month loss of -57.66%. The firm has a 50-day simple moving average (SMA 50) of $1.25 and a 200-day simple moving average (SMA200) of -$0.61.
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The stock witnessed a -1.21% gain in the last 1 month and extending the period to 3 months gives it a -6.42%, and is -5.09% 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 16.46% over the week and 12.27% over the month.
Desktop Metal Inc (DM) has around 950 employees, a market worth around $211.73M and $189.70M in sales. Profit margin for the company is -170.41%. Distance from 52-week low is 43.27% and -72.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-85.55%).
Desktop Metal Inc quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $50.83M over the same period.The EPS is expected to grow by 41.16% this year, but quarterly earnings will post -10.00% year-over-year. Quarterly sales are estimated to shrink -16.10% in year-over-year returns.
Desktop Metal Inc (DM) Top Institutional Holders
231 institutions hold shares in Desktop Metal Inc (DM), with institutional investors hold 63.96% of the company’s shares. The shares outstanding are 325.27M, and float is at 204.87M with Short Float at 34.20%. Institutions hold 48.85% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.21 million shares valued at $41.08 million. The investor’s holdings represent 7.18% of the DM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 22.03 million shares valued at $38.99 million to account for 6.82% of the shares outstanding. The other top investors are NEA Management Company, LLC which holds 14.41 million shares representing 4.46% and valued at over $25.5 million, while Alphabet Inc. holds 3.42% of the shares totaling 11.05 million with a market value of $19.56 million.
