The trading price of Desktop Metal Inc (NYSE:DM) closed higher on Tuesday, March 25, and closing at $4.52, 99.12% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.72 and $4.54. In examining the 52-week price action we see that the stock hit a 52-week high of $11.80 and a 52-week low of $1.84. Over the past month, the stock has gained 105.45% in value.
Desktop Metal Inc, whose market valuation is $150.71 million at the time of this writing, is expected to release its quarterly earnings report on 2025-Mar-24. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.28 per share this quarter, however they have predicted annual earnings per share of -1.81 for current year and -0.66 for next year.
Analysts have forecast the company to bring in revenue of 44.1M for the current quarter, with the likely lows of 44.1M and highs of 44.1M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 160M.
On the technical side, indicators suggest DM has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DM a recommendation rating is 2. Out of them, 2 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Desktop Metal Inc (DM) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that DM’s price is currently 92.55% off the SMA20 and 90.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 78.66, and weekly volatility stands at 11.05%. When measured over the past 30 days, the indicator reaches 9.83%. Desktop Metal Inc (NYSE:DM)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 0.36. With analysts defining $5-$5.5 as the low and high price targets, we arrive at a consensus price target of $5.25 for the trailing 12-month period. The current price is about -10.62% off the estimated low and -21.68% off the forecast high, based on this estimate. Investors will be thrilled if DM’s share price rises to $5.25, which is the median consensus price. At that level, DM’s share price would be -16.15% below current price.
To see how Desktop Metal Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DM stock’s performance was 99.12% in the latest trading, and -40.20% in the past year.
An evaluation of the daily trading volume of Desktop Metal Inc (NYSE:DM) indicates that the 3-month average is 276.25K. However, this figure has increased over the past 10 days to an average of 5.7.
Currently, records show that 33.31 million of the company’s shares remain outstanding. The insiders hold 42.69% of outstanding shares, whereasinstitutions hold 22.36%. The stats also highlight that short interest as of 2025-02-28, stood at 2.85 million shares, resulting in a short ratio of 12.23 at that time. From this, we can conclude that short interest is 1247.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 2.73 million. However, since the stock’s price has seen 93.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
