Desktop Metal Stock Price on January 21, 2022
DM Stock | USD 0.88 0.01 1.15% |
Below is the normalized historical share price chart for Desktop Metal extending back to May 03, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Desktop Metal stands at 0.88, as last reported on the 28th of March, with the highest price reaching 0.90 and the lowest price hitting 0.84 during the day.
If you're considering investing in Desktop Stock, it is important to understand the factors that can impact its price. Desktop Metal appears to be abnormally volatile, given 3 months investment horizon. Desktop Metal secures Sharpe Ratio (or Efficiency) of 0.07, which denotes the company had a 0.07% return per unit of risk over the last 3 months. By reviewing Desktop Metal's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Desktop Metal's Downside Deviation of 6.34, mean deviation of 5.69, and Coefficient Of Variation of 1258.1 to check if our risk estimates are consistent with your expectations.
As of the 28th of March 2024, Liabilities And Stockholders Equity is likely to grow to about 607.7 M, while Total Stockholder Equity is likely to drop about 229.6 M. . As of the 28th of March 2024, Price Earnings To Growth Ratio is likely to grow to 0.01, while Price Earnings Ratio is likely to drop (0.79). Desktop Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of May 2019 | 200 Day MA 1.1466 | 50 Day MA 0.6277 | Beta 0.629 |
Desktop |
Sharpe Ratio = 0.07
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Estimated Market Risk
7.67 actual daily | 67 67% of assets are less volatile |
Expected Return
0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Desktop Metal is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Desktop Metal by adding it to a well-diversified portfolio.
Price Book 1.0618 | Enterprise Value Ebitda (1.18) | Price Sales 1.5448 | Shares Float 226.8 M | Wall Street Target Price 1.03 |
Desktop Metal Valuation on January 21, 2022
It is possible to determine the worth of Desktop Metal on a given historical date. On January 21, 2022 Desktop was worth 3.99 at the beginning of the trading date compared to the closed value of 3.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Desktop Metal stock. Still, in general, we apply an absolute valuation method to find Desktop Metal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Desktop Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Desktop Metal's related companies.
Open | High | Low | Close | Volume | |
03/14/2022 | 3.99 | 4.00 | 3.54 | 3.56 | 6,610,533 |
3.58 | 3.80 | 3.42 | 3.79 | 6,659,066 |
Backtest Desktop Metal | | | Desktop Metal History | | | Desktop Metal Valuation | Next |
Desktop Metal Trading Date Momentum on January 21, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Desktop Metal Fundamentals Correlations and Trends
By evaluating Desktop Metal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Desktop Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Desktop financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Desktop Metal Stock history
Desktop Metal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Desktop is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Desktop Metal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Desktop Metal stock prices may prove useful in developing a viable investing in Desktop Metal
Last Reported | Projected for 2024 | ||
Common Stock Shares Outstanding | 322.2 M | 240.5 M | |
Net Loss | -666.3 M | -633 M |
Desktop Metal Quarterly Net Working Capital |
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Desktop Metal Stock Technical Analysis
Desktop Metal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Desktop Metal Period Price Range
Low | March 14, 2022 | High |
3.99 | 3.56 |
-0.43 | -10.78% |
Desktop Metal March 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Desktop Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Desktop Metal shares will generate the highest return on investment. By undertsting and applying Desktop Metal stock market strength indicators, traders can identify Desktop Metal entry and exit signals to maximize returns
Accumulation Distribution | 760211.0 | |||
Daily Balance Of Power | (0.93) | |||
Rate Of Daily Change | 0.89 | |||
Day Median Price | 3.77 | |||
Day Typical Price | 3.7 | |||
Price Action Indicator | (0.43) | |||
Period Momentum Indicator | (2.68) |
Desktop Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Desktop Metal's price direction in advance. Along with the technical and fundamental analysis of Desktop Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Desktop to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0534 | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (1.11) | |||
Sortino Ratio | 0.0741 | |||
Treynor Ratio | 0.1055 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.