Should I buy or sell Desktop Metal stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DM shares. View DM analyst ratings or view top-rated stocks .

What is Desktop Metal's stock price target for 2024?

1 Wall Street analysts have issued 12 month price objectives for Desktop Metal's stock. Their DM share price targets range from $1.25 to $1.25. On average, they anticipate the company's share price to reach $1.25 in the next year. This suggests a possible upside of 47.5% 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 2024?

Desktop Metal's stock was trading at $0.7510 on January 1st, 2024. Since then, DM stock has increased by 12.8% and is now trading at $0.8473. View the best growth stocks for 2024 here .

When is Desktop Metal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our DM earnings forecast .

How were Desktop Metal's earnings last quarter?

Desktop Metal, Inc. (NYSE:DM) posted its quarterly earnings data on Friday, March, 15th. The pipeline company reported ($0.05) earnings per share for the quarter. The pipeline company had revenue of $52.35 million for the quarter. Desktop Metal had a negative trailing twelve-month return on equity of 29.25% and a negative net margin of 170.41%. During the same period last year, the company earned ($0.11) earnings per share.

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) . Gen Z ETF (ZGEN) .

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

Desktop Metal issued an update on its FY 2024 earnings guidance on Friday, March, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $175.0 million-$215.0 million, compared to the consensus revenue estimate of $194.0 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) .

Who are Desktop Metal's major shareholders?

Desktop Metal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kingswood Wealth Advisors LLC (0.48%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:DM

Desktop Metal (DM) Stock Price, News & Analysis

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Free DM Stock Alerts

$0.84

+0.01 (+1.16%)

(As of 01:45 PM ET)

Compare

Today's Range: $0.81
▼
$0.87
50-Day Range: $0.47
▼
$1.12
52-Week Range: $0.46
▼
$2.30

Volume: 880,920 shs
Average Volume: 3.55 million shs
Market Capitalization: $275.93 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.25

Get Desktop Metal alerts:

Desktop Metal MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 47.5% Upside
$1.25 Price Target
Short Interest: Bearish
31.83% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.16 out of 5 stars

Industrial Products Sector

149th out of 168 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

11th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Desktop Metal has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Desktop Metal has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
31.83% 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 17.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Desktop Metal has recently decreased by 4.13%, indicating that investor sentiment is improving.

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.

2.4

News and Social Media Coverage

News Sentiment
Desktop Metal has a news sentiment score of 1.31. 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 higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Desktop Metal this week, compared to 2 articles on an average week.
Search Interest
Only 19 people have searched for DM on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Desktop Metal to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% 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
56.31% of the stock of Desktop Metal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Desktop Metal is -0.86, 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 -0.86, 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 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Desktop Metal Stock (NYSE:DM)

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 Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing. It also provides Einstein series, designed for dental professionals which offers 3D printing; ETEC Xtreme 8K platform, a DLP printer with two 385 nm overhead projectors for high-volume production; ETEC Pro XL for industrial polymer 3D printer; S-Max and S-Max Pro platforms, which provides digital casting solutions; and 3D-Bioplotter platform which offers biofabrication solution. In addition, the company offers 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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DM Stock News Headlines

April 16, 2024 | investorplace.com

7 Penny Stocks to Buy Now: Q2 Edition

April 10, 2024 | msn.com

Secretlab Magnus Pro: This metal standing desk is perfect for your home office

April 19, 2024 | DTI (Ad)

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April 9, 2024 | investorplace.com

Penny Stock Powerhouses: 3 Tiny Titans Ready to Explode

April 9, 2024 | americanbankingnews.com

Stock Traders Buy Large Volume of Desktop Metal Put Options (NYSE:DM)

April 4, 2024 | investorplace.com

Betting on the Squeeze: 3 Stocks to Capitalize on Short Seller Pain

April 3, 2024 | markets.businessinsider.com

Buy Rating Affirmed on Powerfleet Merger: Projected Revenue and EBITDA Growth with Synergistic Benefits and Geographic Expansion

April 3, 2024 | bizjournals.com

Tech layoffs tracker: 12 Mass. companies cut over 2,700 roles in Q1 2024

April 19, 2024 | DTI (Ad)

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March 22, 2024 | finance.yahoo.com

Desktop Health Launches ScanUp™ Digital Dentistry Adoption Subscription Program to Modernize Dental Practice Efficiency and Patient Care

March 21, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Desktop Metal (DM), Alight (ALIT) and One Stop Systems (OSS)

March 19, 2024 | finance.yahoo.com

Desktop Metal, Inc. (NYSE:DM) Q4 2023 Earnings Call Transcript

March 15, 2024 | msn.com

Why Is Desktop Metal Stock Gaining Today?

March 15, 2024 | bizjournals.com

Desktop Metal may divest business lines in quest for profitability

March 15, 2024 | investorplace.com

DM Stock Earnings: Desktop Metal Beats EPS, Beats Revenue for Q4 2023

March 15, 2024 | finance.yahoo.com

Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results

March 15, 2024 | finance.yahoo.com

Desktop Metal Inc Reports Record Recurring Revenue Despite Market Challenges

March 15, 2024 | bizjournals.com

Former Desktop Metal execs launch new 3D metal printing startup

March 14, 2024 | benzinga.com

Earnings Outlook For Desktop Metal

March 12, 2024 | seekingalpha.com

Desktop Metal: Evidence Points Toward Further Deterioration

March 12, 2024 | finance.yahoo.com

Desktop Metal to Release Fourth Quarter and Full Year 2023 Financial Results on Friday, March 15, 2024

March 11, 2024 | seekingalpha.com

NN GAAP EPS of -$0.50 misses by $0.27, revenue of $112.53M misses by $0.62M

March 5, 2024 | finance.yahoo.com

Desktop Metal and Evonik Expand Partnership, Announce Qualification of Photopolymer on Large Format Additive Manufacturing 2.0 Systems for High-Performance, High-Temperature Products

February 29, 2024 | msn.com

Stocks Close Higher as Inflation Concerns Ease

February 28, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Desktop Metal: Diverse Portfolio and Strategic Acquisitions Poised for Growth

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:DM
CUSIP: N/A
CIK: 1603286
Web: www.desktopmetal.com
Phone: 978-224-1244
Fax: N/A
Employees: 950
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.25
High Stock Price Target: $1.25
Low Stock Price Target: $1.25
Potential Upside/Downside: +46.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.99)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-323,270,000.00
Net Margins: -170.41%
Pretax Margin: -172.05%
Return on Equity: -29.25%
Return on Assets: -18.50%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 3.08
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $189.70 million
Price / Sales: 1.49
Cash Flow: $0.16 per share
Price / Cash Flow: 5.39
Book Value: $0.74 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 329,700,000
Free Float: 283,975,000
Market Cap: $281.89 million
Optionable: Optionable
Beta: 0.68

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Key Executives

Mr. Ric Fulop (Age 49)
Co-Founder, CEO & Director
Comp: $631.01k
Mr. Jonah Myerberg (Age 47)
Co-Founder, CTO & Senior VP of Global Engineering
Comp: $413.25k
Mr. Jason Cole (Age 49)
CFO & Treasurer
Comp: $591.91k
Mr. Thomas Nogueira (Age 40)
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
Vice President of Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DM Stock Analysis - Frequently Asked Questions

Should I buy or sell Desktop Metal stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DM shares.
View DM analyst ratings or view top-rated stocks.
What is Desktop Metal's stock price target for 2024?: 1 Wall Street analysts have issued 12 month price objectives for Desktop Metal's stock. Their DM share price targets range from $1.25 to $1.25. On average, they anticipate the company's share price to reach $1.25 in the next year. This suggests a possible upside of 47.5% 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 2024?: Desktop Metal's stock was trading at $0.7510 on January 1st, 2024. Since then, DM stock has increased by 12.8% and is now trading at $0.8473.
View the best growth stocks for 2024 here.
When is Desktop Metal's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our DM earnings forecast.
How were Desktop Metal's earnings last quarter?: Desktop Metal, Inc. (NYSE:DM) posted its quarterly earnings data on Friday, March, 15th. The pipeline company reported ($0.05) earnings per share for the quarter. The pipeline company had revenue of $52.35 million for the quarter. Desktop Metal had a negative trailing twelve-month return on equity of 29.25% and a negative net margin of 170.41%. During the same period last year, the company earned ($0.11) earnings per share.
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).Gen Z ETF (ZGEN).

What guidance has Desktop Metal issued on next quarter's earnings?: Desktop Metal issued an update on its FY 2024 earnings guidance on Friday, March, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $175.0 million-$215.0 million, compared to the consensus revenue estimate of $194.0 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).
Who are Desktop Metal's major shareholders?: Desktop Metal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kingswood Wealth Advisors LLC (0.48%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DM) was last updated on 4/19/2024 by MarketBeat.com Staff

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