NYSE:DM

Desktop Metal (DM) Stock Forecast, Price & News

$1.41

-0.05 (-3.42%)

(As of 10/2/2023 ET)

Compare

Today's Range: $1.38
▼
$1.46
50-Day Range: $1.39
▼
$1.86
52-Week Range: $1.13
▼
$2.89

Volume: 1.32 million shs
Average Volume: 2.28 million shs
Market Capitalization: $455.53 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: 96.8% Upside
$2.78 Price Target
Short Interest: Bearish
30.79% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.08
Based on 4 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.

1.64 out of 5 stars

Industrial Products Sector

161st out of 181 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

13th out of 15 stocks

3.2

Analyst's Opinion

Consensus Rating
Desktop Metal has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.78, Desktop Metal has a forecasted upside of 96.8% from its current price of $1.41.
Amount of Analyst Coverage
Desktop Metal has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
30.79% of the float of Desktop Metal has been sold short.
Short Interest Ratio / Days to Cover
Desktop Metal has a short interest ratio ("days to cover") of 28.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Desktop Metal has recently increased by 1.13%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Desktop Metal does not currently pay a dividend.
Dividend Growth
Desktop Metal does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DM.

1.1

News and Social Media Coverage

News Sentiment
Desktop Metal has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Desktop Metal this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for DM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Desktop Metal to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Desktop Metal insiders have not sold or bought any company stock.
Percentage Held by Insiders
13.87% of the stock of Desktop Metal is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
53.68% of the stock of Desktop Metal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Desktop Metal are expected to grow in the coming year, from ($0.31) to ($0.19) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Desktop Metal is -0.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Desktop Metal is -0.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Desktop Metal has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

DM Stock News Headlines

October 2, 2023 | finance.yahoo.com

Stratasys (SSYS) Terminates Desktop Metal Merger Agreement

September 29, 2023 | finance.yahoo.com

Stratasys shareholders reject company's $1.8B deal for Desktop Metal

October 3, 2023 | Wall Street Fundamentals (Ad)

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September 29, 2023 | finance.yahoo.com

3D Systems Issues Statement on Stratasys’ Pursuit of Strategic Alternatives

September 28, 2023 | bizjournals.com

'It's unfortunate, but for them:' Desktop Metal to stay independent after $1.8B merger falls through

September 26, 2023 | americanbankingnews.com

Desktop Metal (NYSE:DM) Receives New Coverage from Analysts at StockNews.com

September 22, 2023 | msn.com

Desktop Metal falls as proxy firm advises Stratasy holders to vote against deal (update)

September 22, 2023 | finance.yahoo.com

Nano Dimension Re-affirms They Are Voting “AGAINST” Stratasys’ Value-Destructive Merger with Desktop Metal; Part of Growing Consensus Along with Large Shareholder, Donerail, and Proxy Advisor, ISS

October 3, 2023 | Edge On The Street (Ad)

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September 21, 2023 | finanznachrichten.de

3D Systems Inc.: 3D Systems Supports Leading Proxy Advisor ISS' Recommendation AGAINST Stratasys' Planned All-Stock Merger with Desktop Metal

September 21, 2023 | tmcnet.com

3D Systems Supports Leading Proxy Advisor ISS' Recommendation AGAINST Stratasys' Planned All-Stock Merger with Desktop Metal

September 19, 2023 | finance.yahoo.com

Desktop Metal Releases Video Showcasing How BMW Group Uses ExOne Binder Jetting Technology to Virtually Eliminate Emissions at its Landshut Light Metal Foundry

September 14, 2023 | stockhouse.com

Nano Dimension to Vote "AGAINST" Stratasys' Value-Destructive Merger with Desktop Metal; Urges Fellow Stratasys Shareholders to Join in Opposition

September 14, 2023 | msn.com

Nano Dimension plans to vote against Stratasys purchase of Desktop Metal

September 14, 2023 | finance.yahoo.com

Nano Dimension to Vote “AGAINST” Stratasys’ Value-Destructive Merger with Desktop Metal; Urges Fellow Stratasys Shareholders to Join in Opposition

September 13, 2023 | benzinga.com

Moore Kuehn Encourages SCU, TWNK, AVTA, and DM Investors to Contact Law Firm

September 13, 2023 | finance.yahoo.com

3D Systems Submits Binding Offer to Stratasys

September 13, 2023 | tmcnet.com

Stratasys Urges Shareholders to Vote FOR the Desktop Metal Transaction

September 13, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Desktop Metal (DM) and Varonis Systems (VRNS)

September 11, 2023 | finance.yahoo.com

Desktop Metal Announces Sale of Production System P-50 and Super Fleet of Metal Binder Jet Systems to FreeFORM Technologies

September 7, 2023 | benzinga.com

Moore Kuehn Encourages SOVO, DBTX, DM and ZYNE Investors to Contact Law Firm

September 5, 2023 | finance.yahoo.com

Desktop Metal Announces Special Meeting of Stockholders to Vote on Proposed Merger with Stratasys

September 1, 2023 | finance.yahoo.com

Is Desktop Metal, Inc. (NYSE:DM) Trading At A 26% Discount?

August 21, 2023 | msn.com

Stratasys, Desktop Metal receive DOJ request for additonal info for deal

August 11, 2023 | barrons.com

Desktop Metal Inc.

August 4, 2023 | seekingalpha.com

Desktop Metal: Dead Money

August 3, 2023 | finance.yahoo.com

Desktop Metal, Inc. (DM) Reports Q2 Loss, Misses Revenue Estimates

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DM Company Calendar

Last Earnings: 8/03/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSE:DM
CUSIP: N/A
CIK: 1603286
Web: www.desktopmetal.com
Phone: 978-224-1244
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: +96.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.49)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-740,340,000.00
Net Margins: -235.11%
Pretax Margin: -235.03%
Return on Equity: -25.20%
Return on Assets: -17.85%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 3.49
Quick Ratio: 2.27

Sales & Book Value

Annual Sales: $209.02 million
Price / Sales: 2.18
Cash Flow: $1.13 per share
Price / Cash Flow: 1.25
Book Value: $1.66 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 323,070,000
Free Float: 278,260,000
Market Cap: $455.53 million
Optionable: Optionable
Beta: 0.67

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 targets for Desktop Metal's stock. Their DM share price forecasts range from $1.90 to $5.00. On average, they expect the company's stock price to reach $2.78 in the next year. This suggests a possible upside of 96.8% 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 at the beginning of the year. Since then, DM shares have increased by 3.7% and is now trading at $1.41.
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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.01. The pipeline company had revenue of $53.29 million for the quarter, compared to analyst estimates 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 issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS 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?: 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).
What is Desktop Metal's stock symbol?: Desktop Metal trades on the New York Stock Exchange (NYSE) under the ticker symbol "DM."
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 $1.41.
How much money does Desktop Metal make?: Desktop Metal (NYSE:DM) has a market capitalization of $455.53 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 10/3/2023 by MarketBeat.com Staff

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