Desktop Metal (DM) News Today

Desktop Metal (NYSE:DM) will be releasing earnings before the market opens on Wednesday, July 31, Zacks reports.

Desktop Metal (NYSE:DM) Shares Cross Above 50 Day Moving Average of $4.99

Craig Hallum reiterated a "hold" rating on shares of Desktop Metal in a research report on Monday.

StockNews.com started coverage on Desktop Metal in a report on Tuesday. They issued a "sell" rating on the stock.

Desktop Metal, Inc. (NYSE:DM - Free Report) - Cantor Fitzgerald increased their FY2024 earnings estimates for shares of Desktop Metal in a report released on Tuesday, June 11th. Cantor Fitzgerald analyst T. Jensen now expects that the pipeline company will post earnings of ($1.46) per share for t

Desktop Metal (NYSE:DM) Sets New 1-Year Low at $3.82

Desktop Metal, Inc. (NYSE:DM - Get Free Report) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 5,780,000 shares, a decrease of 90.3% from the May 15th total of 59,880,000 shares. Approximately 28.2% of the shares of the stock are sold short. Based on an average daily volume of 302,400 shares, the short-interest ratio is presently 19.1 days.

Desktop Metal (NYSE:DM) Shares Gap Down to $4.46

Cantor Fitzgerald lifted their price objective on Desktop Metal from $1.25 to $12.50 and gave the company an "overweight" rating in a report on Tuesday.

Desktop Metal (NYSE:DM) Shares Gap Up to $4.91

Desktop Metal, Inc. (NYSE:DM - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 61,360,000 shares, a drop of 5.6% from the April 15th total of 65,010,000 shares. Currently, 29.5% of the company's shares are sold short. Based on an average daily volume of 3,200,000 shares, the short-interest ratio is currently 19.2 days.

Desktop Metal (NYSE:DM - Get Free Report) released its earnings results on Thursday. The pipeline company reported ($0.05) EPS for the quarter. The company had revenue of $40.60 million for the quarter. Desktop Metal had a negative net margin of 170.41% and a negative return on equity of 29.25%. During the same quarter last year, the firm posted ($0.11) earnings per share.

Vanguard Group Inc. lowered its stake in shares of Desktop Metal, Inc. (NYSE:DM - Free Report) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,932,564 shares of the pipeline company's stock aft

Desktop Metal, Inc. (NYSE:DM - Get Free Report) was the recipient of some unusual options trading on Monday. Investors bought 30,061 put options on the company. This is an increase of 2,418% compared to the average volume of 1,194 put options.