Desktop Metal Stock Current Asset
| DM Stock | USD 0.83 0.02 1.81% |
Desktop Metal fundamentals help investors to digest information that contributes to Desktop Metal's financial success or failures. It also enables traders to predict the movement of Desktop Stock. The fundamental analysis module provides a way to measure Desktop Metal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Desktop Metal stock.
At this time, Desktop Metal's Total Current Assets are very stable compared to the past year. As of the 25th of April 2024, Non Current Assets Total is likely to grow to about 378.1 M, while Other Current Assets are likely to drop about 8.8 M. Desktop | Current Asset |
Desktop Metal Company Current Asset Analysis
Desktop Metal's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Desktop Metal Current Asset | 95.8 M |
Most of Desktop Metal's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Desktop Metal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Desktop Current Asset Historical Pattern
Today, most investors in Desktop Metal Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Desktop Metal's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Desktop Metal current asset as a starting point in their analysis.
Desktop Metal Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Desktop Total Assets
Total Assets |
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In accordance with the recently published financial statements, Desktop Metal has a Current Asset of 95.8 M. This is 99.66% lower than that of the Electronic Equipment, Instruments & Components sector and significantly higher than that of the Information Technology industry. The current asset for all United States stocks is 98.97% higher than that of the company.
Desktop Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Desktop Metal's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Desktop Metal could also be used in its relative valuation, which is a method of valuing Desktop Metal by comparing valuation metrics of similar companies.Desktop Metal is currently under evaluation in current asset category among related companies.
Desktop Fundamentals
| Return On Equity | -0.84 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (1.70) % | ||||
| Operating Margin | (0.54) % | ||||
| Current Valuation | 341.19 M | ||||
| Shares Outstanding | 329.64 M | ||||
| Shares Owned By Insiders | 23.29 % | ||||
| Shares Owned By Institutions | 48.64 % | ||||
| Number Of Shares Shorted | 65.2 M | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 1.66 X | ||||
| Revenue | 189.7 M | ||||
| Gross Profit | 20.99 M | ||||
| EBITDA | (103.65 M) | ||||
| Net Income | (323.27 M) | ||||
| Cash And Equivalents | 76.29 M | ||||
| Cash Per Share | 0.81 X | ||||
| Total Debt | 143.95 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 4.32 X | ||||
| Book Value Per Share | 0.74 X | ||||
| Cash Flow From Operations | (115 M) | ||||
| Short Ratio | 16.04 X | ||||
| Earnings Per Share | (1.00) X | ||||
| Price To Earnings To Growth | (0.14) X | ||||
| Target Price | 1.03 | ||||
| Number Of Employees | 950 | ||||
| Beta | 0.68 | ||||
| Market Capitalization | 281.71 M | ||||
| Total Asset | 498.64 M | ||||
| Retained Earnings | (1.63 B) | ||||
| Working Capital | 146.03 M | ||||
| Current Asset | 95.8 M | ||||
| Current Liabilities | 60 M | ||||
| Net Asset | 498.64 M |
About Desktop Metal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Desktop Metal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Desktop Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Desktop Metal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Desktop Metal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Desktop Metal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Desktop Metal will appreciate offsetting losses from the drop in the long position's value.Moving against Desktop Stock
| 0.83 | CMTL | Comtech Telecommunicatio Buyout Trend | PairCorr |
| 0.76 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.71 | ADTN | ADTRAN Inc Financial Report 13th of May 2024 | PairCorr |
| 0.63 | TSAT | Telesat Corp | PairCorr |
| 0.6 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Desktop Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desktop Metal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Desktop Metal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Desktop Metal to buy it.
The correlation of Desktop Metal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Desktop Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desktop Metal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Desktop Metal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Desktop Metal Piotroski F Score and Desktop Metal Altman Z Score analysis. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.