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Wednesday, February 1, 2023

Are Things Looking Up For Desktop Metal Inc. (NYSE: DM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Desktop Metal Inc. (DM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.001, or -0.07%, to $1.349. The Desktop Metal Inc. has recorded 32,246 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Desktop Metal Installations of Additive Manufacturing Systems for Metal Parts Now Surpass 1,100 Units Worldwide.

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Stocks Info

The company is listed on the NYSE and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $1.35 and fluctuated between $1.4300 as its day high and $1.3100 as its day low. The current market capitalization of Desktop Metal Inc. is $425.55M. A total of 2.94 million shares were traded on the day, compared to an average of 3.48M shares.

In the most recent transaction, Fulop Ric bought 6,000 shares of DM for 3.21 per share on Aug 22. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 20,264,999 company shares. In a previous transaction on Aug 16, Fulop Ric bought 5,000 shares at 3.20 per share. DM shares that CHIEF EXECUTIVE OFFICER owns now total 20,258,999.

Among the insiders who bought shares, Fulop Ric acquired of 30,000 shares on Aug 11 at a per-share price of $3.09. This resulted in the CHIEF EXECUTIVE OFFICER holding 20,253,999 shares of DM after the transaction. In another insider transaction, Fulop Ric bought 128,850 shares at $4.08 per share on Mar 16. Company shares held by the CHIEF EXECUTIVE OFFICER now total 20,223,999.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. DM’s most recent ex-dividend date was 1/11/2019 when it declared a $0.3690 quarterly dividend that was paid in cash on 1/31/2019. Previously, the company paid the dividend on 11/15/2018 with an ex-dividend date of 11/2/2018. The DM stock dividend was $0.3690 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DM in the last 3 months, the mean price target is $2.76 with high estimates of $5.00 and low estimates of $1.75. In terms of 52-week highs and lows, DM has a high of $5.39 and a low of $1.13.

As of this writing, DM has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.14 in the last quarter, which was -7.70% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DM is Overweight with a score of 4.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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