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Friday, June 2, 2023

Desktop Metal Inc. (NYSE: DM) Could Be Viewed Differently By Investors Because Of These Numbers

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 same, with the stock’s consolidated last price remained same to $1.87. The Desktop Metal Inc. has recorded 49,101 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Desktop Metal Announces First Quarter 2023 Financial Results.

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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 $1.87 and fluctuated between $1.8700 as its day high and $1.6705 as its day low. The current market capitalization of Desktop Metal Inc. is $618.75M. A total of 3.26 million shares were traded on the day, compared to an average of 4.10M shares.

In the most recent transaction, DUSSAULT SCOTT J sold 26,969 shares of DM for 2.40 per share on Mar 06. After the transaction, the Director now owns 0 company shares. In a previous transaction on Aug 22, Fulop Ric bought 6,000 shares at 3.21 per share. DM shares that CHIEF EXECUTIVE OFFICER owns now total 20,264,999.

Among the insiders who bought shares, Fulop Ric acquired of 5,000 shares on Aug 16 at a per-share price of $3.20. This resulted in the CHIEF EXECUTIVE OFFICER holding 20,258,999 shares of DM after the transaction. In another insider transaction, Fulop Ric bought 30,000 shares at $3.09 per share on Aug 11. Company shares held by the CHIEF EXECUTIVE OFFICER now total 20,253,999.


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 $1.88 with high estimates of $2.00 and low estimates of $1.60. In terms of 52-week highs and lows, DM has a high of $3.65 and a low of $1.13.

As of this writing, DM has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.07 in the last quarter, which was 22.20% higher than expectations of -$0.09.

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. DM’s latest balance sheet shows that the firm has $269.59M in Cash & Short Term Investments as of fiscal 2021. There were $19.98M in debt and $102.06M in liabilities at the time. Its Book Value Per Share was $1.52, while its Total Shareholder’s Equity was $1.25B.

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, 0 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 Buy with a score of 3.00.

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