Desktop Metal Inc. (NYSE:DM) went up by 1.65% from its latest closing price compared to the recent 1-year high of $34.94. The company’s stock price has collected -5.92% of loss in the last five trading sessions. Press Release reported on 07/12/21 that Desktop Metal Acquires Aerosint, Adding Multi-Material Capabilities to Leading Additive Manufacturing 2.0 Technology Portfolio
Is It Worth Investing in Desktop Metal Inc. (NYSE :DM) Right Now?
Opinions of the stock are interesting as 3 analysts out of 6 who provided ratings for Desktop Metal Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $16.17. DM currently public float of 200.11M and currently shorts hold a 9.93% ratio of that float. Today, the average trading volume of DM was 4.94M shares.
DM’s Market Performance
DM stocks went down by -5.92% for the week, with a monthly drop of -26.65% and a quarterly performance of -18.04%, while its annual performance rate touched -13.02%. The volatility ratio for the week stands at 4.94% while the volatility levels for the past 30 days are set at 5.69% for Desktop Metal Inc.. The simple moving average for the period of the last 20 days is -16.40% for DM stocks with a simple moving average of -41.24% for the last 200 days.
Analysts’ Opinion of DM
Many brokerage firms have already submitted their reports for DM stocks, with Credit Suisse repeating the rating for DM by listing it as a “Neutral.” The predicted price for DM in the upcoming period, according to Credit Suisse is $14 based on the research report published on June 25th of the current year 2021.
Lake Street, on the other hand, stated in their research note that they expect to see DM reach a price target of $11. The rating they have provided for DM stocks is “Sell” according to the report published on March 26th, 2021.
Stifel gave a rating of “Buy” to DM, setting the target price at $30 in the report published on January 19th of the current year.
DM Trading at -24.53% from the 50-Day Moving Average
After a stumble in the market that brought DM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.61% of loss for the given period.
Volatility was left at 5.69%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -26.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.36% lower at present.
During the last 5 trading sessions, DM fell by -5.92%, which changed the moving average for the period of 200-days by -15.34% in comparison to the 20-day moving average, which settled at $10.87. In addition, Desktop Metal Inc. saw -46.40% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DM starting from HSIEH Wen Hsuan, who sale 100,000 shares at the price of $12.12 back on Jun 15. After this action, HSIEH Wen Hsuan now owns 17,631,665 shares of Desktop Metal Inc., valued at $1,211,570 using the latest closing price.
HSIEH Wen Hsuan, the Director of Desktop Metal Inc., sale 125,000 shares at $12.60 during a trade that took place back on Jun 14, which means that HSIEH Wen Hsuan is holding 17,731,665 shares at $1,575,238 based on the most recent closing price.
Stock Fundamentals for DM
Equity return is now at value -18.30, with -16.70 for asset returns.