The Insider Activity Of Desktop Metal Inc. (DM) Should Not Be Ignored

As of Thursday close, Desktop Metal Inc.’s (NYSE:DM) stock was up $0.16, moving up 11.11 percent to $1.60. The average number of shares traded per day over the past five days has been 39,247,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.4500 fall in that time frame. In the last twenty days, the average volume was 13,606,010, while in the previous 50 days, it was 8,997,605.

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Since last month, DM stock retreated -64.44%. Shares of the company fell to $1.2600 on 05/10/22, the lowest level in the past month. A 52-week high of $15.48 was reached on 01/04/22 after having rallying from a 52-week low of $1.26. Since the beginning of this year, DM’s stock price has dropped by -67.68% or -$3.3500, and marked a new high 2 times. However, the stock has declined by -89.66% since its 52-week high.

Desktop Metal Inc. (DM) last reported insider trading activity 58 days ago on Mar 16. Fulop Ric, the CHIEF EXECUTIVE OFFICER of the company, purchased of 128,850 shares for $4.08 on Mar 16. It resulted in a $525,231 investment by the insider. Hindery Leo J. Jr. sold 300,000 shares at an average price of $5.06 on Dec 27. The insider now owns 2,597,317 shares following the transaction. On Jun 15, Director HSIEH Wen Hsuan sold 100,000 shares at $12.12 apiece. The transaction was valued at $1,211,570.

Valuation Metrics

The latest dividend of $0.3690 per share was paid out, remained unchanged from last year’s $0.3690.

Financial Health

In the three months ended September 29, Desktop Metal Inc.’s quick ratio stood at 3.20, while its current ratio was 3.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 16.30% percent. Based on annual data, DM earned $18.29 million in gross profit and brought in $112.41 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -13.70%. Return on equity (ROE) for the past 12 months was -23.80%.

In Desktop Metal Inc.’s quarter-end financial report for September 29, it reported total debt of $0.52 million against cash and short-term investments of $102.9 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DM’s revenue rose 74.12% to $56.68 million during the quarter, while net income inched up to $43.71 million. While analysts expected Desktop Metal Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated -$56.18 million in EBITDA. The liabilities of Desktop Metal Inc. were 143.97 million at the end of its most recent quarter ended September 29, and its total debt was $12.19 million. The value of shareholders’ equity is $313.46 million.

Technical Picture

This quick technical analysis looks at Desktop Metal Inc.’s (DM) price momentum. With a historical volatility rate of 493.18%, the RSI 9-day stood at 21.83% on 12 May.

With respect to its five-day moving average, the current Desktop Metal Inc. price is down by -60.49% percent or -$2.4500. At present, DM shares trade -63.88% below its 20-day simple moving average and -70.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -60.30% below its SMA50 and -82.92% below its SMA200.

Stochastic coefficient K was 6.77% and Stochastic coefficient D was 13.31%, while ATR was 0.4738. Given the Stochastic reading of 11.70% for the 14-day period, the RSI (14) reading has been calculated as 25.02%. As of today, the MACD Oscillator reading stands at -1.5444, while the 14-day reading stands at -1.7740.

Analyst Ratings

Lake Street upgraded its rating on Desktop Metal Inc. (NYSE: DM) to a Buy in a note to investors on January 10, 2022. The analysts firm previously had a Hold rating on the stock.Desktop Metal Inc. (DM) has been rated Overweight by analysts. According to 0 brokerage firms, DM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Desktop Metal Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $4.25, the current consensus forecast for the stock is $2.00 – $7.00. Based on these forecasts, analysts predict Desktop Metal Inc. (DM) will achieve an average price target of $4.38.


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