28-Mar-2024
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Business Wire (Fri, 22-Mar 8:30 AM ET)
Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Fri, 15-Mar 7:00 AM ET)
Business Wire (Tue, 12-Mar 8:00 AM ET)
Business Wire (Tue, 5-Mar 8:30 AM ET)
Business Wire (Mon, 12-Feb 8:00 AM ET)
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Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). It derives maximum revenue from Americas.
Desktop Metal Class A trades on the NYSE stock market under the symbol DM.
As of March 28, 2024, DM stock price climbed to $0.88 with 3,000,246 million shares trading.
DM has a beta of 2.74, meaning it tends to be more sensitive to market movements. DM has a correlation of 0.23 to the broad based SPY ETF.
DM has a market cap of $290.08 million. This is considered a Small Cap stock.
Last quarter Desktop Metal Class A reported $52 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.02.
In the last 3 years, DM stock traded as high as $16.39 and as low as $.46.
The top ETF exchange traded funds that DM belongs to (by Net Assets): PRNT, IWM, VTI, VXF, IWN.
DM has underperformed the market in the last year with a return of -57.9%, while the SPY ETF gained +33.6%. In the last 3 month period, DM fell short of the market, returning +8.4%, while SPY returned +10.1%. However, in the most recent 2 weeks DM has outperformed the stock market by returning +36.9%, while SPY returned +1.7%.
DM support price is $.81 and resistance is $.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DM stock will trade within this expected range on the day.