At the last check on Thursday, Desktop Metal Inc.’s (NYSE:DM) stock was down -$0.08, moving down -5.19 percent to $1.46. The average number of shares traded per day over the past five days has been 2,588,190 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0750 fall in that time frame. In the last twenty days, the average volume was 2,806,157, while in the previous 50 days, it was 2,360,675.
Since last month, DM stock retreated -2.67%. Shares of the company fell to $1.4500 on 09/18/23, the lowest level in the past month. A 52-week high of $3.10 was reached on 03/07/23 after having rallying from a 52-week low of $1.13. Since the beginning of this year, DM’s stock price has risen by 7.35% or $0.1050, and marked a new high 12 times. However, the stock has declined by -52.89% since its 52-week high.
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DM stock investors should be aware that Desktop Metal Inc. (DM) stock had its last reported insider trading activity 199 days ago on Mar 06. DUSSAULT SCOTT J, the Director of the company, disposed of 26,969 shares for $2.40 on Mar 06. It resulted in a $64,726 divestment by the insider.
Valuation Metrics
The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 2.38, the price-to-book (PB) ratio of 1.06.
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 June 29, Desktop Metal Inc.’s quick ratio stood at 2.30, while its current ratio was 3.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.26. On the profitability front, the trailing twelve-month gross margin is 6.30% percent. Based on annual data, DM earned $15.07 million in gross profit and brought in $209.02 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 -114.00%. Return on equity (ROE) for the past 12 months was -84.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DM’s revenue fell -8.63% to $41.32 million during the quarter, while net income inched up to $53.09 million. While analysts expected Desktop Metal Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.05 per share. During the quarter, the company generated -$34.91 million in EBITDA. The liabilities of Desktop Metal Inc. were 232.64 million at the end of its most recent quarter ended June 29, and its total debt was $141.9 million. The value of shareholders’ equity is $323.07 million.
Technical Picture
This quick technical analysis looks at Desktop Metal Inc.’s (DM) price momentum. With a historical volatility rate of 40.75%, the RSI 9-day stood at 34.71% on 20 September.
With respect to its five-day moving average, the current Desktop Metal Inc. price is down by -4.87% percent or -$0.0750. At present, DM shares trade -5.48% below its 20-day simple moving average and -33.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.06% below its SMA50 and -24.48% below its SMA200.
Stochastic coefficient K was 15.39% and Stochastic coefficient D was 14.40%, while ATR was 0.0814. Given the Stochastic reading of 3.85% for the 14-day period, the RSI (14) reading has been calculated as 37.58%.
Analyst Ratings
Morgan Stanley launched its rating on Desktop Metal Inc. (NYSE: DM) to an Equal-weight in a note to investors on January 06, 2023. Desktop Metal Inc. (DM) has been rated Hold 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 0 recommending it as overweight.
With a median target price of $1.90, the current consensus forecast for the stock is $1.60 – $2.00. Based on these forecasts, analysts predict Desktop Metal Inc. (DM) will achieve an average price target of $1.83.
