Desktop Metal Stock Probability of Future Stock Price Finishing Over 12.67
| DM Stock | USD 0.86 0.02 2.38% |
Closest to current price Desktop long CALL Option Payoff at Expiration
Desktop |
Desktop Metal Target Price Odds to finish over 12.67
The tendency of Desktop Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 12.67 or more in 90 days |
| 0.86 | 90 days | 12.67 | close to zero percent |
Based on a normal probability distribution, the odds of Desktop Metal to move over $ 12.67 or more in 90 days from now is close to zero percent (This Desktop Metal probability density function shows the probability of Desktop Stock to fall within a particular range of prices over 90 days) . Probability of Desktop Metal price to stay between its current price of $ 0.86 and $ 12.67 at the end of the 90-day period is about 14.31 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 3.05 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Desktop Metal will likely underperform. Additionally Desktop Metal has an alpha of 0.5656, implying that it can generate a 0.57 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Desktop Metal Price Density |
| Price |
Predictive Modules for Desktop Metal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Desktop Metal. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Desktop Metal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Desktop Metal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Desktop Metal is not an exception. The market had few large corrections towards the Desktop Metal's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Desktop Metal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Desktop Metal within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.57 | |
β | Beta against NYSE Composite | 3.05 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.1 |
Desktop Metal Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Desktop Metal for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Desktop Metal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Desktop Metal is way too risky over 90 days horizon | |
| Desktop Metal has some characteristics of a very speculative penny stock | |
| Desktop Metal appears to be risky and price may revert if volatility continues | |
| Desktop Metal has high likelihood to experience some financial distress in the next 2 years | |
| The company generated the yearly revenue of 189.7 M. Annual Net Loss to common stockholders was (323.27 M) with gross profit of 20.99 M. | |
| Desktop Metal reports about 76.29 M in cash with (115 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81. | |
| Desktop Metal has a poor financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company shares are held by company insiders | |
| Latest headline from investorplace.com: 3 Overlooked Stocks That Can Easily Double in 2024 |
Desktop Metal Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Desktop Stock often depends not only on the future outlook of the current and potential Desktop Metal's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Desktop Metal's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 322.2 M | |
| Cash And Short Term Investments | 84.7 M |
Desktop Metal Technical Analysis
Desktop Metal's future price can be derived by breaking down and analyzing its technical indicators over time. Desktop Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Desktop Metal. In general, you should focus on analyzing Desktop Stock price patterns and their correlations with different microeconomic environments and drivers.
Desktop Metal Predictive Forecast Models
Desktop Metal's time-series forecasting models is one of many Desktop Metal's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Desktop Metal's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Desktop Metal
Checking the ongoing alerts about Desktop Metal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Desktop Metal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Desktop Metal is way too risky over 90 days horizon | |
| Desktop Metal has some characteristics of a very speculative penny stock | |
| Desktop Metal appears to be risky and price may revert if volatility continues | |
| Desktop Metal has high likelihood to experience some financial distress in the next 2 years | |
| The company generated the yearly revenue of 189.7 M. Annual Net Loss to common stockholders was (323.27 M) with gross profit of 20.99 M. | |
| Desktop Metal reports about 76.29 M in cash with (115 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81. | |
| Desktop Metal has a poor financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company shares are held by company insiders | |
| Latest headline from investorplace.com: 3 Overlooked Stocks That Can Easily Double in 2024 |
Check out Desktop Metal Backtesting, Desktop Metal Valuation, Desktop Metal Correlation, Desktop Metal Hype Analysis, Desktop Metal Volatility, Desktop Metal History as well as Desktop Metal Performance. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Desktop Stock analysis
When running Desktop Metal's price analysis, check to measure Desktop Metal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Desktop Metal is operating at the current time. Most of Desktop Metal's value examination focuses on studying past and present price action to predict the probability of Desktop Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desktop Metal's price. Additionally, you may evaluate how the addition of Desktop Metal to your portfolios can decrease your overall portfolio volatility.
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Is Desktop Metal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Desktop Metal. If investors know Desktop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 0.589 | Quarterly Revenue Growth (0.14) | Return On Assets (0.16) | Return On Equity (0.84) |
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Desktop Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.