Is Desktop Metal (DM) a good stock to buy?
Desktop Metal Inc. (NYSE: DM) is a technology company that designs and markets 3D printing systems. In the last three months, Desktop Metal Inc. (NYSE: DM) stock gained 10.3% and on March 16th it had a closing price of $18.92. Here is what the fund said:
Is Desktop Metal (DM) a good investment for Q4 2020?
In the Q4 2020 Investor Letter, the fund highlighted a few stocks and Desktop Metal Inc. (NYSE: DM) is one of them. Desktop Metal Inc. (NYSE: DM) is a technology company that designs and markets 3D printing systems. In the last three months, Desktop Metal Inc. (NYSE: DM) stock gained 10. 3% and on March 16th it had a closing price of $18. 92.
How is Desktop Metal worth its price?
It is hard to value the company as it is still in the early hyper-growth stage. As it has no profit and cash flow we can only value it using the PS ratio. After the significant drop in share price, Desktop Metal is now trading at an fwd PS ratio of 2. 8.
Is Desktop Metal the perfect stock for 3D printing?
If the company succeeds, Desktop Metal's stock could multiply along with the industry. The potential uses for 3D printing are so far-reaching that Desktop Metal only needs to take a slice of this market to become a lucrative investment. Right now, Desktop Metal has a market cap of only $3 billion.
Can I buy Desktop Metal stock?
Invest in Desktop Metal on Stash Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. of Desktop Metal stock, you'll need to sign up for Stash and open a personal portfolio.
Is Desktop Metal a publicly traded company?
Desktop Metal became a publicly listed company on December 10, 2020 after completing a business combination with Trine, a publicly traded SPAC.
What is wrong with Desktop Metal stock?
Summary. Desktop Metal's shares fell 61% today, literally slicing its valuation in half. The company announced its intention to sell US$150M worth of Convertible Senior Notes maturing in 2027. Desktop Metal missed revenue by US$0.29M and came in at US$43.7M for the first quarter.
Is Desktop Metal going out of business?
As we advance, Desktop Metal has confirmed that it will close out the year, as an unprofitable entity, with a negative EBITDA of $80 million to $90 million.
Is desktop metal a startup?
Desktop Metal was founded in October 2015 in Cambridge, Massachusetts as a startup company focused on 3D metal printing.
Who uses desktop metal?
Since its inception in October 2015, Desktop Metal has raised $97 million and attracted major investors, including GV (formerly Google Ventures), BMW Group, GE, Lowe's, NEA, Kleiner Perkins Caufield & Byers, Lux Capital, Saudi Aramco, and 3D printing leader Stratasys.
Will Desktop Metal stock go up?
Sales growth at Desktop Metal has been impressive, rising 123% year over year in Q4 (including revenue from the company's acquisition of ExOne last year) and rising 583% (to $112.4 million) for all of 2021.
Is Desktop Metal a good long term investment?
Desktop Metals have massive industry growth potential, long term CAGR estimated at 25% annually. Encouraging sequential quarterly sales growth, second consecutive quarter of gross profits. DM's acquisitions add to business synergies, despite initial costs.
Is Desktop Metal a good company?
(DM - Get Rating) in Burlington, Mass., is speeding up the manufacturing revolution. The World Economic Forum designated Desktop Metal as one of the world's 30 most promising Technology Pioneers, and it was also named on MIT Technology Review's list of 50 Smartest Companies.
Is DM a buy?
Out of 2 analysts, 0 (0%) are recommending DM as a Strong Buy, 0 (0%) are recommending DM as a Buy, 2 (100%) are recommending DM as a Hold, 0 (0%) are recommending DM as a Sell, and 0 (0%) are recommending DM as a Strong Sell. What is DM's earnings growth forecast for 2022-2024?
Who founded Desktop metal?
Ric Fulop is the founder and CEO of Desktop Metal, the leader in 3D Printing technology for high volume mass production of metal, ceramics and photopolymer parts.
Why is DM stock dropping?
The 3D printing company's stock got destroyed after its release of Q1 results due to concerns about liquidity and the P-50 production system. Desktop Metal (DM -0.78%) stock closed down a whopping 61.1% on Tuesday following the 3D printing company's release of its first-quarter results before the market open.
Patience Is Key When It Comes to Desktop Metal Stock
Buyers of 3D printing names like Desktop Metal (NYSE:DM) stock assume that changes in manufacturing technology can happen at the pace of Moore’s Law. They don’t. Rather, manufacturing evolves. Each step must be proven. Each new machine must show its worth. And, each market niche has to be proven as well.
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Wait For A Deeper Pull-Back Before Investing in Desktop Metal
Shares of 3D printing pure-play Desktop Metal (NYSE:DM) stock have cratered over the past year. DM stock has shed over 85% of its value in the past 12 months. Lackluster results and continual delays in releasing its much-talked-about Production System P-50 have driven investor skepticism.
Analyst price target for DM
Based on 2 analyst s offering 12 month price targets for Desktop Metal Inc.
DM earnings per share forecast
What is DM 's earnings per share in the next 3 years based on estimates from 2 analyst s?
DM revenue forecast
What is DM 's revenue in the next 3 years based on estimates from 2 analyst s?
DM earnings growth forecast
How is DM forecast to perform vs Technology companies and vs the US market?
DM revenue growth forecast
How is DM forecast to perform vs Technology companies and vs the US market?
How to make metal additives?
Additive manufacturing is a much more flexible technology than traditional production methods that use stamping or tooling to produce components. There are multiple approaches to additive manufacturing, but Desktop Metal's is based on a multi-step process known as binder jetting: 1 Lay down powdered material. 2 Apply a wet binder. 3 Heat the layer to dry it.
Is desktop metal competitive?
This is a competitive space, and Desktop Metal is fighting with many companies to be that supplier. Desktop Metal currently has minimal market share. Bigger competitors such as General Electric and Hewlett-Packard have been around longer and have existing hardware footprints within the market.
Does Desktop Metal sell printers?
Desktop Metal wants to sell an entire product ecosystem, but those efforts all begin with selling printer hardware. The printers generate quick revenue for now, but the company's really aiming for a long-term relationship selling services and printing materials to the companies that purchase those printers.
