What's happened to Desktop Metal stock?
Apr 12, 2022 · Their forecasts range from $5.00 to $16.00. On average, they anticipate Desktop Metal's stock price to reach $10.25 in the next year. This suggests a possible upside of 540.6% from the stock's current price. View analysts' price targets for Desktop Metal or view top-rated stocks among Wall Street analysts.
What is Desktop Metal?
May 09, 2022 · Desktop Metal Stock Gains After Q4 Results. Desktop Metal Inc (NYSE: DM) reported fourth-quarter FY21 revenue of $56.7 million, beating the consensus of $49.58 million. Revenue improved 123% sequentially and up 577% Y/Y. 1 month ago - Benzinga.
Where can I buy Desktop Metal shares?
May 13, 2022 · Real-time trade and investing ideas on Desktop Metal Inc - Ordinary Shares - Class A DM from the largest community of traders and investors.
What is Desktop Metal's (DM) stock symbol?
May 11, 2022 · Desktop Metal missed revenue by US$0.29M and came in at US$43.7M for the first quarter. Q1 GAAP EPS was -US$0.22, compared to -US$0.16 expected. Despite the poor results, Desktop Metal expects US ...
What does desktop metal do?
Is desktop metal a long term investment?
Who uses desktop metal?
Is desktop metal done?
How much cash does Desktop Metal have?
Is Desktop Metal a buy or sell?
Is Desktop Metal profitable?
Across the coming financial year, Desktop Metal expects to generate $260 million worth of revenue, a figure which if realized, would constitute 131.3% growth.Mar 8, 2022
Who is the CEO of Desktop Metal?
Who is backing Desktop Metal?
Does Cathie Wood own desktop metal?
Is Markforged a publicly traded company?
Is Desktop Metal a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last twelve months. There are curre...
How has Desktop Metal's stock been impacted by COVID-19 (Coronavirus)?
Desktop Metal's stock was trading at $17.19 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health O...
When is Desktop Metal's next earnings date?
Desktop Metal is scheduled to release its next quarterly earnings announcement on Monday, May 16th 2022. View our earnings forecast for Desktop Me...
How were Desktop Metal's earnings last quarter?
Desktop Metal, Inc. (NYSE:DM) released its quarterly earnings data on Wednesday, August, 11th. The pipeline company reported ($0.08) earnings per s...
What guidance has Desktop Metal issued on next quarter's earnings?
Desktop Metal issued an update on its FY 2022 earnings guidance on Tuesday, March, 15th. The company provided earnings per share (EPS) guidance of...
What price target have analysts set for DM?
6 analysts have issued 1 year price objectives for Desktop Metal's shares. Their forecasts range from $5.00 to $16.00. On average, they anticipate...
Who are Desktop Metal's key executives?
Desktop Metal's management team includes the following people: Mr. Ric Fulop , Co-Founder, CEO & Chairman (Age 46, Pay $483.01k) Mr. Steven A. B...
Who are some of Desktop Metal's key competitors?
Some companies that are related to Desktop Metal include IHI (IHICY) , Cricut (CRCT) , Sumitomo Heavy Industries (SOHVY) , Bodycote (BYPLF) ,...
What other stocks do shareholders of Desktop Metal own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Desktop Metal investors own include Energy Transfer (ET) ,...
Is Desktop Metal a buy right now?
What stocks does MarketBeat like better than Desktop Metal?
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Desktop Metal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Desktop Metal stock.
When is Desktop Metal's next earnings date?
Wall Street analysts have given Desktop Metal a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Desktop Metal wasn't one of them.
How were Desktop Metal's earnings last quarter?
Desktop Metal is scheduled to release its next quarterly earnings announcement on Monday, November 15th 2021.#N#View our earnings forecast for Desktop Metal.
How has Desktop Metal's stock price been impacted by COVID-19 (Coronavirus)?
Desktop Metal, Inc. (NYSE:DM) announced its quarterly earnings data on Wednesday, August, 11th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.10) by $0.02.#N#View Desktop Metal's earnings history.
What guidance has Desktop Metal issued on next quarter's earnings?
Desktop Metal's stock was trading at $17.19 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DM shares have decreased by 48.9% and is now trading at $8.79.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for DM?
Desktop Metal issued an update on its FY 2021 earnings guidance on Wednesday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $100 M-, compared to the consensus revenue estimate of $101.27 million.
What is desktop metal?
5 Wall Street analysts have issued 12 month price objectives for Desktop Metal's stock. Their forecasts range from $9.00 to $30.00. On average, they expect Desktop Metal's share price to reach $20.80 in the next year.
Is Desktop Metal publicly traded?
manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a turnkey binder jetting platform for machine and job shops; Studio System, an office metal 3D printing system; and Fiber, a desktop 3D printer. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and developmen... [Read more...]
Is mass manufacturing the future of 3D printing?
Desktop Metal, Inc. is the only publicly traded pur...
What is 3D printing?
Mass manufacturing may be the future of 3D printing (one hopes), but health products are very much its present. From orthodontics to prosthesis, medical needs are right in the sweet spot for additive ma...
What happened
3D printing allows companies to mass produce high-quality, more efficient parts for a fraction of the cost of traditional manufacturing processes. Desktop Metal boasts the most advanced 3D printing tech...
So what
Desktop Metal ( NYSE:DM) stock dropped 25.7% in March, according to data from S&P Global Market Intelligence . For context, the S&P 500 index returned 4.4% last month.
Now what
We can probably attribute Desktop Metal stock's weak performance last month largely to market-related factors rather than company-specific ones.
What Happened to the Desktop Metal Stock Price Today?
Management guided for 2021 revenue of more than $100 million. The huge expected jump in annual revenue is due to an acquisition. In February, Desktop acquired EnvisionTEC, a polymer-focused 3D printing company.
Why It Happened
Amid a broader slide in the market, Desktop Metal (NYSE: DM) stock dropped more than 5% on Tuesday. This continues what has been a multi-week downtrend in DM stock, during which shares of the next-gen 3D printing company have dropped from $35 to $10.
Does It Matter?
The market has fallen out of love with early-stage technology companies, especially those that came public through SPAC mergers. Desktop Metal is both early-stage and the product of a SPAC merger. As such, DM stock has unfortunately found itself on the wrong side of a massive momentum shift in the markets.
DM Stock Price Forecast
It’s noteworthy that a value investor is bullish on DM stock, because valuation is really the only knock on Desktop Metal.
Meet Luke Lango
We agree with Wall Street analysts. Our modeling suggests that, based on the company’s long-term earnings growth potential, DM stock is worth at least $20 today, and likely closer to the $30 level.
