Desktop Metal Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $14.50 on 10/10/23 and the lowest value was $3.62 on 06/18/24.
52-week price history of DM Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Desktop Metal Inc’s current trading price is -66.00% away from its 52-week high, while its distance from the 52-week low is 36.19%. The stock’s price range during the 52-week period has remained between $3.62 and $14.50. In the Technology sector, the company’s shares saw a trading volume of around 0.66 million for the day, which was evidently higher than the average daily volume of 0.45 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Desktop Metal Inc (DM) has experienced a quarterly decline of -1.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 163.97M and boasts a workforce of 950 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of -1.49. Similarly, Desktop Metal Inc recorded 531,901 in trading volume during the last 100 days, posting a change of -23.16%.
Examining DM’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for DM stands at 1.42. Similarly, the long-term debt-to-equity ratio is also 1.34.
DM Stock Stochastic Average
As of today, Desktop Metal Inc’s raw stochastic average for the last 50 days stands at 95.65%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 96.15%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 89.27% and 86.17%, respectively.
DM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The index has shown a price loss of -34.35% this year. Over the last six months, there has been a stronger performance of -49.42%. The price of DM fallen by 15.46% during the last 30 days period. For the last 5-days stocks have improved 6.02%.
