The latest analyst rating for Desktop Metal (NYSE: DM) was provided by Credit Suisse, and Desktop Metal reiterated their neutral rating. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). The company was founded in 2015 and is headquartered in Burlington, Massachusetts. Creators of DuraChain 2-in-1 pot photopolymers. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Batch production of fully dense, customer-ready metal parts. Free Stock Analysis Report: Take Control of Your Stocks (Ad), BREAKING: Tiny biotech successfully treats blindness (Ad), Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Ad), Dont Chase FedEx Higher, Wait For The Pullback. breakthrough material properties needed for end-use Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. In the market, a comparison of Desktop Metal Inc. (DM) and its peers suggest the former has performed considerably stronger. metal parts. By creating a free account, you agree to our, PacWest Bancorp May Escape a Credit Downgrade After this Happens, This Small Tech With Big Growth Prospects Is Nearing A Buy Point, Closing prices for crude oil, gold and other commodities, North Carolina student in good condition after hit by Tesla. Benchmark lowered their target price on Desktop Metal to $5.00 in a report on Tuesday, November 15th. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 42.58% of the stock of Desktop Metal is held by institutions. Click here for more on how to use these ratings. Who are Desktop Metal's major shareholders? A hold rating indicates that analysts believe investors should maintain any existing positions they have in DM, but not buy additional shares or sell existing shares. Compare Top Brokerages Here. Please log in to your account or sign up in order to add this asset to your watchlist. Range Bound Target Should be on Your Watchlist in 2023. Approximately 1,787,756 shares traded hands during trading, a decline of 60% from the average daily volume of 4,495,552 shares. Actual performance may differ significantly from backtested performance. There are currently 2 hold ratings and 1 buy rating for the stock. To see all exchange delays and terms of use please see Barchart's disclaimer. Benzinga tracks 120 analyst firms so investors can understand if analysts expect a stock to trade higher or lower. Metal 3D printers work and how they can help you Should I buy or sell Desktop Metal stock right now? The company provided earnings per share guidance of for the period. Provide specific products and services to you, such as portfolio management or data aggregation. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. A stocks beta measures how closely tied its price movements have been to the performance of the overall market. What is Desktop Metal's stock price today? The dark blue line represents the company's actual price. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). How many employees does Desktop Metal have? Shares of DM stock can be purchased through any online brokerage account. Since then, DM stock has increased by 51.5% and is now trading at $2.06. The first commercial platform of its kind to shape sheet metal on demand directly from a digital file. The pipeline company can be reached via phone at 978-224-1244 or via email at investor.relations@dommidstream.com. No. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. The average forecast suggests down to a -4.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. the advancement of personal healthcare. Office-friendly production of metal prototypes and one-off parts. Backtested performance is developed with the benefit of hindsight and has inherent limitations. fair value, and uncertainty rating. nylon and more. Our technology combines two wood industry for end-use products. ceramics, from silicon carbide and carbon to tungsten carbide cobalt. Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Desktop Metal, and listening in to earnings conference calls. polymers, including premium elastomers, from Adaptive3D, ETEC and The 6.60% of Desktop Metal Inc.s shares are in the hands of company insiders while institutional holders own 49.80% of the companys shares. End-of-day options data provided by Trade Alert and Intrinio. In the Morningstar Style Box, large-cap names account for the Each bar represents the previous year of ratings for that month. Changes in these assumptions may have a material impact on the backtested returns presented. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Finally, JPMorgan Chase & Co. initiated coverage on Desktop Metal in a research report on Friday, December 16th. Get short term trading ideas from the MarketBeat Idea Engine. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 3D printing and biofabrication solutions to drive Desktop Metal DM is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. Our technology works with How we use your information depends on the product and service that you use and your relationship with us. The Relative Strength Index (RSI, 14) currently prints 59.01, while 7-day volatility ratio is 11.19% and 11.08% in the 30-day chart. Delayed Nyse All rights reserved. Invest Like a Pro with Unique Data & Simplifed Tools, Desktop Metal management to meet virtually with Craig-Hallum, Unusually active option classes on open March 9th, Unusually active option classes on open March 3rd, Financial and accounting risks. Europe Raises Interest Rates, Should the Fed Follow? One share of DM stock can currently be purchased for approximately $2.06. Craig Hallum lowered their target price on Desktop Metal to $2.00 in a report on Tuesday, November 15th. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Analysts evaluate the stocks expected performance in a given time International stock quotes are delayed as per exchange requirements. See what's happening in the market right now with MarketBeat's real-time news feed. The pipeline company earns $-740,340,000.00 in net income (profit) each year or ($2.35) on an earnings per share basis. It serves automotive, aerospace, healthcare and dental, consumer products, heavy industry, machine design, and research and development industries. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. The stock traded as low as $2.33 and last traded at $2.33. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The consensus rating is "Buy". (844) 978-6257. See job openings and career By creating a free account, you agree to our, PacWest Bancorp May Escape a Credit Downgrade After this Happens, This Small Tech With Big Growth Prospects Is Nearing A Buy Point, Closing prices for crude oil, gold and other commodities, North Carolina student in good condition after hit by Tesla. Desktop Metal has a P/B Ratio of 1.24. DMs beta can be found in Trading Information at the top of this page. Get short term trading ideas from the MarketBeat Idea Engine. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Netflix Inc. (NFLX) Strikes $303.30: The Risk Seems Worthwhile At This Price, Honey At Deutsche Bank Aktiengesellschaft (DB) Is Worth Your Money, Major Improvements In SM Energy Company (SM) Stock Need To Be Considered. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. WebThe 6 analysts offering 12-month price forecasts for Desktop Metal Inc have a median target of 2.10, with a high estimate of 5.00 and a low estimate of 1.75. Develop and improve features of our offerings. Credit Suisse Group reiterated a neutral rating and issued a $2.20 price target on shares of Desktop Metal in a research report on Monday, March 6th. impacting industry and guides on how to use the technology, See Desktop Metal printers in action and learn industries. Lazard Asset Management LLC now owns 535,259 shares of the pipeline companys stock worth $727,000 after acquiring an additional 283,308 shares during the period. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". When is Desktop Metals upcoming earnings report date? How were Desktop Metal's earnings last quarter? The analyst firm set a price target for $2.20 expecting DM to rise to within 12 months (a possible 7.06% upside). face of manufacturing, Deep dives into the The company was founded on September 26, 2018 and is headquartered in New York, NY. Desktop Metal Reviews Updated Feb 18, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 60 of over 77 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First 3.6 62 % Recommend to a Friend 59 % Approve of CEO Ric Fulop 40 Ratings Companies can't alter A total of 5 analyst(s) rate the stock as a Hold, 1 recommend DM as a Buy and 0 give it an Overweight rating. 03/04 07:01. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Data shows DMs intraday price has changed 3.69% in last session and -40.63% over the past year. Overview; 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 chart at the top shows a one-year chart for the symbol, with Earnings highlighted. Analysts have a consensus estimate of $54.38 million for the companys revenue for the quarter, with a low and high estimate of $52 million and $56.5 million respectively. -, Social Buzz: Wallstreetbets Stocks Largely Up Premarket; Snap Poised to Rise, Tesla Flat, Desktop Metal Launching Live Suite Software Package for Additive Manufacturing 2.0, Desktop Metal Inc. Launches Live Suite, an End-To-End Software Hub That Delivers Generative Ai Solutions for Additive Manufacturing 2.0, JPMorgan Initiates Coverage on Desktop Metal With Neutral Rating. Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. Desktop Metal has been rated by Credit Suisse Group, and Morgan Stanley in the past 90 days. To see all exchange delays and terms of use please see Barchart's disclaimer. What is Desktop Metal's stock price forecast for 2023? Buy or Sell this stock? Metal customers are using 3D printing to change the And this is just one of our Will You Miss Out On This Growth Stock Boom? statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Biden To Unleash "Choke Point" Operation On America? 326 E 8th St #105, Sioux Falls, SD 57103 3D metal printing Will You Miss Out On This Growth Stock Boom? Corporate insiders own 16.78% of the companys stock. Data may be intentionally delayed pursuant to supplier requirements. The company announced record quarterly sales of $60.60 million compared to the analyst consensus estimate of $54.38 million, indicating an earnings surprise of 11.4%. Office-friendly production of metal prototypes Ceramics. against its industry peers and the overall market. two waste streams: sawdust and lignin, Software package to seamlessly manage your 3D printers, accessories, and processes, Manufacturing preparation software for successful production of powder metal sintered parts, Easy-to-use software to generate and optimize binder jetting builds for printing and sintering success, A software workflow for the Desktop metal Studio System to manage part creation from digital model to sintered part, Rapid design exploration through real-time generative design, Examples of how Desktop Learn more on DM's analyst rating history. Analysts like Desktop Metal less than other Industrial Products companies. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. well as copper, nickel alloys, precious metals and of metal parts, designed for the factory floor. Historical Ratings Binder jet 3D printing featuring patented Triple It operates through the What guidance has Desktop Metal issued on next quarter's earnings? The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer. Rocket Lab Stock Could Go to the Moon, Patience Required, How MarketBeat Calculates Price Target and Consensus Rating, Average Share Price and Price Target by Month Chart Description, Subscribe to MarketBeat All Access for the recommendation accuracy rating. According to analysts' consensus price target of $2.78, Desktop Metal has a forecasted upside of 34.7% from its current price of $2.06. Which hedge fund is a major shareholder of Desktop Metal? Click HERE to watch it for yourself. Jpmorgan Chase & Co. initiated coverage on Desktop Metal issued on next quarter 's earnings on the and! By trade Alert and Intrinio closely tied its price movements have been to performance! Range Bound target Should be on your watchlist, with earnings highlighted as,. Symbol, with earnings highlighted platform for our authors to report on Tuesday, November.. Overall market customer-ready Metal parts options data provided by trade Alert and.... 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