Check out these key findings about Desktop Metal Inc (DM)

With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.67 million shares. The 52-week range on DM shows that it touched its highest point at $2.37 and its lowest point at $0.46 during that stretch. It currently has a 1-year price target of $1.03. Beta for the stock currently stands at 0.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DM was up-trending over the past week, with a rise of 8.00%, but this was up by 39.47% over a month. Three-month performance surged to 13.26% while six-month performance fell -41.74%. The stock lost -62.20% in the past year, while it has gained 13.26% so far this year. A look at the trailing 12-month EPS for DM yields -1.00 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.06. This implies an EPS growth rate of 42.47% for this year and 36.36% for next year. EPS is expected to grow by 46.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -278.00%.

Float and Shares Shorts:

At present, 325.27 million DM shares are outstanding with a float of 204.87 million shares on hand for trading. On Mar 15, 2024, short shares totaled 68.01 million, which was 20.63% higher than short shares on Feb 15, 2024. In addition to XM as the firm’s Qualtrics International Inc., GM serves as its General Motors Company.

Institutional Ownership:

Through their ownership of 48.12% of DM’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.