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Sunday, December 3, 2023

Insights Into Desktop Metal Inc (DM) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Desktop Metal Inc (DM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0066, or 0.71%, to $0.93. The Desktop Metal Inc has recorded 45,779 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Desktop Metal to Release Third Quarter 2023 Financial Results on Thursday, November 9, 2023.

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Stocks Info

Desktop Metal Inc is listed on the NYSE in the Technology sector while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $0.92 and fluctuated between $1.0150 as its day high and $0.9100 as its day low. The current market capitalization of Desktop Metal Inc is $298.16M. A total of 2.85 million shares were traded on the day, compared to an average of 2.49M 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DM in the last 3 months, the mean price target is $1.00 with high estimates of $1.00 and low estimates of $1.00. In terms of 52-week highs and lows, DM has a high of $2.60 and a low of $0.80.

As of this writing, DM has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.05.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $1.38, while its Total Shareholder’s Equity was $1.25B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 5.00.

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