Desktop Metal, Inc. (NYSE:DM – Get Free Report) CFO Jason M. Cole sold 24,064 shares of Desktop Metal stock in a transaction on Monday, August 5th. The shares were sold at an average price of $4.23, for a total value of $101,790.72. Following the sale, the chief financial officer now directly owns 69,352 shares in the company, valued at approximately $293,358.96. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Desktop Metal Price Performance
NYSE DM traded up $0.07 during trading hours on Tuesday, reaching $4.36. 245,339 shares of the company’s stock were exchanged, compared to its average volume of 492,760. The firm has a fifty day moving average of $4.76 and a 200-day moving average of $6.29. The company has a current ratio of 2.60, a quick ratio of 1.64 and a debt-to-equity ratio of 1.13. Desktop Metal, Inc. has a one year low of $3.62 and a one year high of $19.90. The stock has a market cap of $144.88 million, a PE ratio of -0.43 and a beta of 0.60.
Desktop Metal (NYSE:DM – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The pipeline company reported ($0.50) earnings per share (EPS) for the quarter. The business had revenue of $40.60 million during the quarter. Desktop Metal had a negative net margin of 215.57% and a negative return on equity of 35.69%. During the same period last year, the company earned ($1.10) earnings per share. On average, equities research analysts predict that Desktop Metal, Inc. will post -2.15 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Desktop Metal
Wall Street Analyst Weigh In
Several research firms have issued reports on DM. Craig Hallum restated a “hold” rating on shares of Desktop Metal in a report on Monday, July 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $5.50 target price (down from $12.50) on shares of Desktop Metal in a research note on Monday, July 8th. Finally, StockNews.com started coverage on Desktop Metal in a research report on Tuesday, June 18th. They set a “sell” rating for the company.
View Our Latest Analysis on Desktop Metal
About Desktop Metal
Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.
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