Desktop Metal Inc (NYSE: DM) is 106.84% higher on its value in year-to-date trading and has touched a low of $1.84 and a high of $11.80 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 $4.53 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $4.84, the stock is 86.48% and 96.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing 6.84% at the moment leaves the stock 25.82% off its SMA200. DM registered -38.55% loss for a year compared to 6-month loss of 6.14%. The firm has a 50-day simple moving average (SMA 50) of $2.4678 and a 200-day simple moving average (SMA200) of $3.8469.
The stock witnessed a 117.04% gain in the last 1 month and extending the period to 3 months gives it a 102.51%, and is 100.00% 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 10.43% over the week and 9.66% over the month.
Desktop Metal Inc (DM) has around 950 employees, a market worth around $161.37M and $148.80M in sales. Profit margin for the company is -147.51%. Distance from 52-week low is 163.76% and -58.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-107.53%).
The EPS is expected to grow by 29.00% this year
105.0 institutions hold shares in Desktop Metal Inc (DM), with institutional investors hold 58.58% of the company’s shares. The shares outstanding are 33.34M, and float is at 19.11M with Short Float at 15.47%. Institutions hold 35.22% of the Float.
The top institutional shareholder in the company is IONIC CAPITAL MANAGEMENT LLC with over 1.75 million shares valued at $7.22 million. The investor’s holdings represent 5.2869 of the DM Shares outstanding. As of 2024-06-30, the second largest holder is NEA MANAGEMENT COMPANY, LLC with 1.44 million shares valued at $5.95 million to account for 4.3521 of the shares outstanding. The other top investors are ALPHABET INC. which holds 1.1 million shares representing 3.3395 and valued at over $4.56 million, while KOCH INDUSTRIES INC holds 2.8364 of the shares totaling 0.94 million with a market value of $3.88 million.
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).
