Desktop Metal Stock Today

DM Stock  USD 0.46  0.05  9.80%   

Performance

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Odds Of Distress

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Desktop Metal is selling at 0.46 as of the 22nd of February 2024; that is -9.8 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.46. Desktop Metal has more than 60 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Desktop Metal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of August 2023 and ending today, the 22nd of February 2024. Please note, there could be an existing legal relationship between Desktop Metal (DM) and TRNE.WS. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
3rd of May 2019
Category
Technology
Classification
Information Technology
Desktop Metal, Inc. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company was founded in 2015 and is headquartered in Burlington, Massachusetts. The company has 324.74 M outstanding shares of which 70.99 M shares are currently sold short in the market by investors with about 18.36 days to cover all shorted shares. More on Desktop Metal

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Desktop Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Desktop Metal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Desktop Metal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityTRNE.WS
President CEO, DirectorJoshua Gerstein
Thematic IdeaMachinery (View all Themes)
SEC FilingsDesktop Metal Security & Exchange Commission EDGAR Reports
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NYSE Composite, Machinery, Information Technology, Electronic Equipment, Instruments & Components, Computer Hardware, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Desktop Metal report their recommendations after researching Desktop Metal's financial statements, talking to executives and customers, or listening in on Desktop Metal's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Desktop Metal. The Desktop consensus assessment is calculated by taking the average forecast from all of the analysts covering Desktop Metal.
Financial Strength
Based on the analysis of Desktop Metal's profitability, liquidity, and operating efficiency, Desktop Metal is not in a good financial situation at this time. It has a very high probability of going through financial hardship in March. Financial strength of Desktop Metal is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted390.6 M362 M
Significantly Up
Slightly volatile
Weighted Shares390.6 M362 M
Significantly Up
Slightly volatile
Current Liabilities80.8 M95.9 M
Fairly Down
Slightly volatile
Total Liabilities281.5 M260.9 M
Significantly Up
Slightly volatile
Gross Margin0.08930.0828
Significantly Up
Slightly volatile
Total Debt169.1 M156.8 M
Significantly Up
Slightly volatile
Asset Turnover0.180.23
Significantly Down
Slightly volatile
Current Assets391.5 M386.9 M
Fairly Up
Slightly volatile
Total Assets816.3 M867.5 M
Notably Down
Slightly volatile
Desktop Metal's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Desktop Metal's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Desktop Metal's financial leverage. It provides some insight into what part of Desktop Metal's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Desktop Metal's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Desktop Metal deploys its capital and how much of that capital is borrowed.
Liquidity
Desktop Metal cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 136.32 M of total liabilities with total debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from financial leverage. Desktop Metal has a current ratio of 4.23, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Desktop Metal until it has trouble settling it off, either with new capital or with free cash flow. So, Desktop Metal's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Desktop Metal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Desktop to invest in growth at high rates of return. When we think about Desktop Metal's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(176.28 Million)
Desktop Metal (DM) is traded on New York Stock Exchange in USA. It is located in 63 3rd Avenue, Burlington, MA, United States, 01803 and employs 1,200 people. Desktop Metal is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 165.84 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Desktop Metal's market, we take the total number of its shares issued and multiply it by Desktop Metal's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Desktop Metal is active under Electronic Equipment, Instruments & Components sector as part of Information Technology industry. The entity has 324.74 M outstanding shares of which 70.99 M shares are currently sold short in the market by investors with about 18.36 days to cover all shorted shares. Desktop Metal reports about 76.29 M in cash with (122.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Desktop Metal Probability Of Bankruptcy
Ownership Allocation
Desktop Metal retains a total of 324.74 Million outstanding shares. Desktop Metal retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Desktop Ownership Details

Desktop Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Desktop Metal jumping above the current price in 90 days from now is close to 99%. The Desktop Metal probability density function shows the probability of Desktop Metal stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 5.0575 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, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Desktop Metal is significantly underperforming NYSE Composite.
  Odds Below 0.46HorizonTargetOdds Above 0.46
0.32%90 days
 0.46 
99.68%
Based on a normal probability distribution, the odds of Desktop Metal to move above the current price in 90 days from now is close to 99 (This Desktop Metal probability density function shows the probability of Desktop Stock to fall within a particular range of prices over 90 days) .

Desktop Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Desktop Metal that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Desktop Metal's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Desktop Metal's value.
InstituionRecorded OnShares
Northern Trust Corp2023-09-30
2.4 M
Boston Standard Wealth Management, Llc2023-09-30
2.1 M
Charles Schwab Investment Management Inc2023-09-30
M
Segall Bryant & Hamill2023-09-30
M
Atlantic Trust Group, Llc2023-09-30
1.4 M
Morgan Stanley - Brokerage Accounts2023-09-30
1.4 M
Lazard Asset Management Llc2023-09-30
1.4 M
Simplex Trading, Llc2023-09-30
1.3 M
Walleye Trading Llc2023-09-30
1.3 M
Blackrock Inc2023-09-30
22.1 M
Vanguard Group Inc2023-09-30
21.9 M
View Desktop Metal Diagnostics

Desktop Metal Historical Income Statement

Desktop Metal Income Statement is one of the three primary financial statements used for reporting Desktop's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Desktop Metal revenue and expense. Desktop Metal Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Desktop Metal's Weighted Average Shares Diluted is very stable as compared to the past year. View More Fundamentals

Desktop Stock Against Markets

Picking the right benchmark for Desktop Metal stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Desktop Metal stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Desktop Metal is critical whether you are bullish or bearish towards Desktop Metal at a given time. Please also check how Desktop Metal's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Desktop Metal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Desktop Metal Corporate Directors

Desktop Metal corporate directors refer to members of a Desktop Metal board of directors. The board of directors generally takes responsibility for the Desktop Metal's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Desktop Metal's board members must vote for the resolution. The Desktop Metal board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Harris SimmonsDirector of Dominion Midstream GP, LLCProfile
Eric FredricksonIndependent DirectorProfile
John LukeIndependent Director of Dominion Midstream GP, LLCProfile
Richard StoneDirectorProfile

How to buy Desktop Stock?

Before investing in Desktop Metal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Desktop Metal. To buy Desktop Metal stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Desktop Metal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Desktop Metal stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Desktop Metal stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Desktop Metal stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Desktop Metal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Desktop Stock please use our How to Invest in Desktop Metal guide.

Already Invested in Desktop Metal?

The danger of trading Desktop Metal is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Desktop Metal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Desktop Metal. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Desktop Metal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Desktop Metal is a strong investment it is important to analyze Desktop Metal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Desktop Metal's future performance. For an informed investment choice regarding Desktop Stock, refer to the following important reports:
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 Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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
(1.45)
Revenue Per Share
0.618
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.13)
Return On Equity
(0.76)
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.