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S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
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A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
NYSE:DM

Desktop Metal (DM) Stock Forecast, Price & News

$1.54
-0.02 (-1.28%)
(As of 09/20/2023 ET)
Compare
Today's Range
$1.54
$1.57
50-Day Range
$1.50
$1.94
52-Week Range
$1.13
$3.10
Volume
1.85 million shs
Average Volume
2.73 million shs
Market Capitalization
$497.53 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.78

Desktop Metal MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
80.2% Upside
$2.78 Price Target
Short Interest
Bearish
30.51% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of Desktop Metal in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.31) to ($0.19) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Industrial Products Sector

145th out of 178 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

11th out of 15 stocks


DM stock logo

About Desktop Metal (NYSE:DM) Stock

Desktop Metal, Inc. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; Studio System, an office metal 3D printing system; and Desktop Metal Furnace, which is paired with the Studio System and binder jetting solutions to create turnkey metal additive manufacturing solutions. It also provides Xtreme 8K platform, designed for industrial, high-temperature production of end-use photopolymer parts, and uses high-powered light sources with a water-cooled digital light processing (DLP) chip; Einstein series, designed for dental professionals which offers 3D printing; and Envision One platform, which consists of various models for high-temperature and large part processing, enables high-volume production of end-use photopolymer parts. In addition, the company offers various additional DLP solutions, including the P4K platform and the D4K Pro platform, for a range of production volumes, and industrial and healthcare end-use applications; S-Max and S-Max Pro platforms, which provides digital casting solutions; S-Max Flex platform, a robotic 3D printing solution for digital casting applications; S-Print, an entry-level solution for prototypes and small series production in digital casting applications; and 3D-Bioplotter platform which offers biofabrication solution. Further, it provides binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts.

DM Price History

DM Stock News Headlines

Desktop Metal (NYSE:DM) Now Covered by StockNews.com
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3D Systems Submits Binding Offer to Stratasys
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Desktop Metal Inc.
Desktop Metal: Dead Money
Desktop Metal: Scaling Additive Manufacturing
Insider Stock Buying Reaches US$19m On Desktop Metal
See More Headlines
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DM Company Calendar

Last Earnings
8/03/2023
Today
9/21/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
1,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$2.78
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$1.90
Forecasted Upside/Downside
+80.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-740,340,000.00
Net Margins
-235.11%
Pretax Margin
-235.03%

Debt

Sales & Book Value

Annual Sales
$209.02 million
Cash Flow
$1.20 per share
Book Value
$1.66 per share

Miscellaneous

Free Float
278,260,000
Market Cap
$497.53 million
Optionable
Optionable
Beta
0.61
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Key Executives

  • Mr. Ric Fulop (Age 48)
    Co-Founder, CEO & Director
    Comp: $631.01k
  • Mr. Jonah Myerberg (Age 46)
    Co-Founder, CTO & Sr. VP of Global Engineering
    Comp: $413.25k
  • Mr. Jason Cole (Age 48)
    CFO & Treasurer
    Comp: $591.91k
  • Mr. Thomas Nogueira (Age 39)
    Chief Operating Officer
    Comp: $389.45k
  • Mr. Rick Chin
    Co-Founder
  • Dr. Emanuel M. Sachs Ph.D.
    Co-Founder & Technical Fellow
  • Prof. Christopher A. Schuh Ph.D.
    Co-Founder
  • Prof. A. John Hart Ph.D.
    Co-Founder
  • Prof. Yet-Ming Chiang
    Co-Founder
  • Mr. Jay Gentzkow
    VP of Investor Relations













DM Stock - Frequently Asked Questions

Should I buy or sell Desktop Metal stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" DM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DM, but not buy additional shares or sell existing shares.
View DM analyst ratings
or view top-rated stocks.

What is Desktop Metal's stock price forecast for 2023?

3 equities research analysts have issued 1 year price objectives for Desktop Metal's shares. Their DM share price forecasts range from $1.90 to $5.00. On average, they predict the company's stock price to reach $2.78 in the next twelve months. This suggests a possible upside of 80.2% from the stock's current price.
View analysts price targets for DM
or view top-rated stocks among Wall Street analysts.

How have DM shares performed in 2023?

Desktop Metal's stock was trading at $1.36 on January 1st, 2023. Since then, DM stock has increased by 13.2% and is now trading at $1.54.
View the best growth stocks for 2023 here
.

When is Desktop Metal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our DM earnings forecast
.

How were Desktop Metal's earnings last quarter?

Desktop Metal, Inc. (NYSE:DM) announced its quarterly earnings results on Thursday, August, 3rd. The pipeline company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.01. The pipeline company earned $53.29 million during the quarter, compared to the consensus estimate of $57.35 million. Desktop Metal had a negative net margin of 235.11% and a negative trailing twelve-month return on equity of 25.20%.

What ETFs hold Desktop Metal's stock?

ETFs with the largest weight of Desktop Metal (NYSE:DM) stock in their portfolio include 3D Printing ETF (PRNT), ProShares Merger ETF (MRGR) and Pacer BlueStar Engineering the Future ETF (BULD).Gen Z ETF (ZGEN).

What guidance has Desktop Metal issued on next quarter's earnings?

Desktop Metal updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $210.00 million-$260.00 million, compared to the consensus revenue estimate of $223.40 million.

What other stocks do shareholders of Desktop Metal own?
What is Desktop Metal's stock symbol?

Desktop Metal trades on the New York Stock Exchange (NYSE) under the ticker symbol "DM."

Who are Desktop Metal's major shareholders?

Desktop Metal's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.82%), State Street Corp (2.54%), Geode Capital Management LLC (1.58%), Ionic Capital Management LLC (0.00%), ARK Investment Management LLC (0.96%) and Citigroup Inc. (0.90%). Insiders that own company stock include Leo J Jr Hindery, Ric Fulop, Scott J Dussault and Wen Hsuan Hsieh.
View institutional ownership trends
.

How do I buy shares of Desktop Metal?

Shares of DM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Desktop Metal's stock price today?

One share of DM stock can currently be purchased for approximately $1.54.

How much money does Desktop Metal make?

Desktop Metal (NYSE:DM) has a market capitalization of $497.53 million and generates $209.02 million in revenue each year. The pipeline company earns $-740,340,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis.

How many employees does Desktop Metal have?

The company employs 1,200 workers across the globe.

How can I contact Desktop Metal?

Desktop Metal's mailing address is 120 TREDEGAR STREET, RICHMOND VA, 23219. The official website for the company is www.desktopmetal.com. The pipeline company can be reached via phone at 978-224-1244 or via email at investor.relations@dommidstream.com.

This page (NYSE:DM) was last updated on 9/21/2023 by MarketBeat.com Staff

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