Desktop Metal (DM) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last twelve months. 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.
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3 equities research analysts have issued twelve-month target prices for Desktop Metal's shares. Their DM share price forecasts range from $1.90 to $5.00. On average, they predict the company's share price to reach $2.78 in the next year. This suggests a possible upside of 49.8% from the stock's current price.
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Desktop Metal's stock was trading at $1.36 at the beginning of the year. Since then, DM shares have increased by 36.2% and is now trading at $1.8522.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Desktop Metal, Inc. (NYSE:DM) announced its quarterly earnings data on Wednesday, August, 11th. The pipeline company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The pipeline company earned $18.98 million during the quarter, compared to analysts' expectations of $19.70 million. Desktop Metal had a negative net margin of 349.92% and a negative trailing twelve-month return on equity of 24.26%.

ETFs with the largest weight of Desktop Metal (NYSE:DM) stock in their portfolio include 3D Printing ETF (PRNT), Direxion Moonshot Innovators ETF (MOON), Pacer BlueStar Engineering the Future ETF (BULD), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and Gen Z ETF (ZGEN).SPDR S&P Kensho New Economies Composite ETF (KOMP) and

Desktop Metal updated its FY 2023 earnings guidance on Friday, May, 12th. 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 $237.52 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Desktop Metal investors own include Energy Transfer (ET), Frontier Communications (FTR), Dominion Energy (D), Uniti Group (UNIT), Ford Motor (F), ImmunoGen (IMGN), SunCoke Energy Partners (SXCP), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF) and Government Properties Income Trust (GOV).

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

Desktop Metal's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.49%), State Street Corp (2.08%), Susquehanna International Group LLP (0.00%), Geode Capital Management LLC (1.50%), ARK Investment Management LLC (1.04%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Leo J Jr Hindery, Ric Fulop, Scott J Dussault and Wen Hsuan Hsieh.
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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.
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One share of DM stock can currently be purchased for approximately $1.85.

Desktop Metal (NYSE:DM) has a market capitalization of $595.41 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 ($2.29) on an earnings per share basis.

The company employs 1,200 workers across the globe.

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.