Desktop Metal Inc. (DM) is priced at $18.50 after the most recent trading session. At the very opening of the session, the stock price was $16.02 and reached a high price of $18.72, prior to closing the session it reached the value of $16.09. The stock touched a low price of $15.75.
Recently in News on December 17, 2020, Desktop Metal Expands Its Production System Lineup With New Printer Designed to Bridge Process Development and Full-scale Metal Parts Mass Production. The New P-1 Joins the Production System P-50 to Offer Single Pass Jetting Technology for Process Development and Serial Production Applications. You can read further details here
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Desktop Metal Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.42 on 12/09/20, with the lowest value was $9.40 for the same time period, recorded on 03/19/20.
Desktop Metal Inc. (DM) full year performance was 86.49%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Desktop Metal Inc. shares are logging -27.22% during the 52-week period from high price, and 96.81% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.40 and $25.42.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5764664 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Desktop Metal Inc. (DM) recorded performance in the market was 85.37%, having the revenues showcasing 63.43% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 725.57M, as it employees total of 171 workers.
Market experts do have their say about Desktop Metal Inc. (DM)
During the last month, 1 analysts gave the Desktop Metal Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 11.88, with a change in the price was noted +8.12. In a similar fashion, Desktop Metal Inc. posted a movement of +78.23% for the period of last 100 days, recording 2,032,210 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DM is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Desktop Metal Inc. (DM)
Raw Stochastic average of Desktop Metal Inc. in the period of last 50 days is set at 54.65%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 51.94%. In the last 20 days, the company’s Stochastic %K was 44.20% and its Stochastic %D was recorded 42.99%.
Bearing in mind the latest performance of Desktop Metal Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 85.37%. Additionally, trading for the stock in the period of the last six months notably improved by 82.27%, alongside a boost of 86.49% for the period of the last 12 months. The shares 8.38% in the 7-day charts and went down by 78.40% in the period of the last 30 days. Common stock shares were driven by 63.43% during last recorded quarter.