What's happening with Desktop Metal stock?
Jun 08, 2021 · Yet despite its shorter track record, Desktop Metal stock sells for more than 150 times sales (it has no profits), versus Stratasys's 2.5 P/S ratio and 3D Systems' 6.4.
Is Desktop Metal (DM) stock still a buy?
Will desktop metal grow? Desktop Metal’s recent revenue growth is undeniable: Q2 2021 revenue totaled $19 million, up 68% from the first quarter of 2021, and an increase of 767% over the second quarter of 2020. Desktop Metal doesn’t specify how much of its Q2 revenue was driven by its recent acquisitions.
What is the ticker symbol for Desktop Metal?
Apr 02, 2021 · Desktop Metal ( DM 0.20% ) 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. Desktop Metal is a 3D ...
What are Desktop Metal's price targets for the next year?
Nov 16, 2021 · Furthermore, Desktop Metal confirmed it will remain unprofitable through the end of the year, with earnings before interest, taxes, depreciation, and amortization ( EBITDA) of negative $80 million...
Is desktop Metal profitable?
Pushing for profitability in FY 2022 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
Will desktop metal survive?
Indeed, the company expects the additive manufacturing market to increase more than 11 times over, from $12 billion to $146 billion, by 2030. However, the company can't expect to survive and thrive long-term with this emerging industry if it's continually operating at a loss.Oct 6, 2021
Is DM stock a buy?
The consensus among 2 Wall Street analysts covering (NYSE: DM) stock is to Hold DM stock. 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.
Is desktop metal done?
(NYSE: DM) (“Desktop Metal”) today announced it has successfully completed its acquisition of The ExOne Company (NASDAQ: XONE) (“ExOne”) following approval by a majority of ExOne's shareholders.Nov 12, 2021
Is desktop metal a buy now?
Desktop Metal has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
How much cash does desktop metal have?
As of Sept. 30, Desktop Metal had $424 million cash and investments. Burning $41 million a quarter works out to $164/yr or 39% of the total.Feb 23, 2022
Is desktop metal a buy Zacks?
Zacks' proprietary data indicates that Desktop Metal, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the DM shares relative to the market in the next few months.
Will DM stock go up?
DM stock has the high potential to soar in 2022. Anyone considering a bullish play on 3D printing stocks should be watching it closely.Nov 2, 2021
Is desktop metal publicly traded?
Desktop Metal Becomes the World's Only Publicly Traded Pure-Play Additive Manufacturing 2.0 Company :: Desktop Metal, Inc. (DM)Dec 10, 2020
What happened
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.
So what
We can probably attribute Desktop Metal stock's weak performance last month largely to market-related factors rather than company-specific ones.
Now what
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.
The 3D printing company closed a transformative deal
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
What happened
Shares of Desktop Metal ( NYSE:DM) slumped as much as 10% by 2:30 p.m. EST on Wednesday. Weighing on the 3D printing company was news that it closed its acquisition of EnvisionTEC.
So what
Desktop Metal paid $300 million in cash and stock to acquire EnvisionTEC, a leading global provider of volume production photopolymer 3D printing solutions. The company is a pioneer in digital bio fabrication additive manufacturing.
Now what
Desktop Metal had taken its investors on a wild ride since its initial public offering via a reverse merger with a special purpose acquisition company (SPAC) late last year. Shares slumped in December after it revealed plans to sell more stock. Meanwhile, they bounced back in January after analysts gave its EnvisionTEC deal a vote of confidence.
What Happened to the Desktop Metal Stock Price Today?
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.
Why It Happened
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.
Does It Matter?
It’s noteworthy that a value investor is bullish on DM stock, because valuation is really the only knock on Desktop Metal.
DM Stock Price Forecast
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.
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Is Desktop Metal a buy right now?
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.
What stocks does MarketBeat like better than Desktop Metal?
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.
When is Desktop Metal's next earnings date?
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 were Desktop Metal's earnings last quarter?
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.
How has Desktop Metal's stock price 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 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 guidance has Desktop Metal issued on next quarter's earnings?
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 price target have analysts set for DM?
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.
