The Street Is Finally Waking Up To 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. Earlier, Yahoo Finance discussed this stock as it revealed Desktop Health™ Announces Flexcera™ Base Ultra+ Dental Resin for Stronger, More Comfortable 3D Printed Dentures.

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Stocks Info

Desktop Metal Inc is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $0.57 and fluctuated between $0.6199 as its day high and $0.5700 as its day low. The current market capitalization of Desktop Metal Inc is $186.63M. A total of 3.3 million shares were traded on the day, compared to an average of 3.98M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DM in the last 3 months, the mean price target is $1.03 with high estimates of $1.25 and low estimates of $0.85. In terms of 52-week highs and lows, DM has a high of $2.55 and a low of $0.46.

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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $104.06M in liabilities at the time. Its Book Value Per Share was $1.25, while its Total Shareholder’s Equity was $1.25B.

Analysts Opinion

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. 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 4.00.

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