Desktop Metal Inc (NYSE: DM) is -68.18% lower on its value in year-to-date trading and has touched a low of $2.80 and a high of $11.80 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 $2.85 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $2.39, the stock is -36.17% and -44.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -16.14% at the moment leaves the stock -55.95% off its SMA200. DM registered -65.84% loss for a year compared to 6-month gain of -43.36%. The firm has a 50-day simple moving average (SMA 50) of $4.3622 and a 200-day simple moving average (SMA200) of $5.4478.
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The stock witnessed a -45.68% loss in the last 1 month and extending the period to 3 months gives it a -47.59%, and is -33.98% 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 13.02% over the week and 5.99% over the month.
Desktop Metal Inc (DM) has around 950 employees, a market worth around $79.69M and $168.28M in sales. Profit margin for the company is -217.20%. Distance from 52-week low is -14.64% and -79.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-179.06%).
with sales reaching $44.1M over the same period.The EPS is expected to grow by 29.00% this year, but quarterly earnings will post -15.66% year-over-year. Quarterly sales are estimated to shrink -15.75% in year-over-year returns.
Desktop Metal Inc (DM) Top Institutional Holders
115.0 institutions hold shares in Desktop Metal Inc (DM), with institutional investors hold 57.32% of the company’s shares. The shares outstanding are 33.31M, and float is at 18.80M with Short Float at 12.97%. Institutions hold 35.26% of the Float.
The top institutional shareholder in the company is REDWOOD WEALTH MANAGEMENT GROUP, LLC with over 24277.0 shares valued at $100.26 million. The investor’s holdings represent 0.0734% of the DM Shares outstanding. As of 2024-06-30, the second largest holder is CWM, LLC with 835.0 shares valued at $3000.0 to account for 0.0003 of the shares outstanding. The other top investors are IFP ADVISORS, INC which holds 415.0 shares representing 0.0001% and valued at over $204.0, while PARK CIRCLE CO holds 0.0001 of the shares totaling 200.0 with a market value of $826.0.
Desktop Metal Inc (DM) Insider Activity
The most recent transaction is an insider sale by Nogueira Thomas, the company’s CHIEF OPERATING OFFICER. SEC filings show that Nogueira Thomas sold 7,298 shares of the company’s common stock on Aug 12 ’24 at a price of $4.16 per share for a total of $30360.0. Following the sale, the insider now owns 39247.0 shares.
Still, SEC filings show that on Aug 05 ’24, Cole Jason M (CFO & TREASURER) disposed off 24,064 shares at an average price of $4.23 for $0.1 million. The insider now directly holds 69,352 shares of Desktop Metal Inc (DM).
