Desktop Metal Inc [DM] stock prices are up 22.06% to $2.49 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DM shares have gain 21.46% over the last week, with a monthly amount drifted -0.40%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Desktop Metal Inc [NYSE: DM] stock has seen the most recent analyst activity on January 06, 2023, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $1.75. On August 17, 2022, Credit Suisse initiated with a Neutral rating and assigned a price target of $2.80 on the stock. Lake Street upgraded its rating to a Buy but stick to its price target of $5 on January 10, 2022. Lake Street upgraded its rating to a Buy. Cross Research downgraded its rating to Hold for this stock on November 16, 2021. In a note dated October 08, 2021, Oppenheimer initiated an Perform rating.
The stock price of Desktop Metal Inc [DM] has been fluctuating between $1.84 and $11.80 over the past year. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. Desktop Metal Inc [NYSE: DM] shares were valued at $2.49 at the most recent close of the market. An investor can expect a potential return of 110.84% based on the average DM price forecast.
Analyzing the DM fundamentals
The Desktop Metal Inc [NYSE:DM] reported sales of 168.28M for trailing twelve months, representing a drop of -14.84%. Gross Profit Margin for this corporation currently stands at -0.12% with Operating Profit Margin at -1.27%, Pretax Profit Margin comes in at -2.18%, and Net Profit Margin reading is -2.17%. To continue investigating profitability, this company’s Return on Assets is posted at -1.34, Equity is -2.39 and Total Capital is -1.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.12 points at the first support level, and at 1.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.74, and for the 2nd resistance point, it is at 2.99.
Ratios To Look Out For
It’s worth pointing out that Desktop Metal Inc [NYSE:DM]’s Current Ratio is 2.34. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.15.
Transactions by insiders
Recent insider trading involved Nogueira Thomas, CHIEF OPERATING OFFICER, that happened on Aug 12 ’24 when 7298.0 shares were sold. Officer, THOMAS NOGUEIRA completed a deal on Aug 12 ’24 to buy 7298.0 shares. Meanwhile, CFO & TREASURER Cole Jason M sold 24064.0 shares on Aug 05 ’24.
