Desktop Metal Inc. [DM] is -4.85% lower this YTD. Is it still time to buy?

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Desktop Metal Inc. [NYSE: DM] closed the trading session at $4.71 on 01/05/22. The day’s price range saw the stock hit a low of $4.695, while the highest price level was $5.135. The company report on January 3, 2022 that Desktop Metal Founder and CEO Ric Fulop to Present at the 24th Annual Needham Growth Conference.

Desktop Metal, Inc. (NYSE: DM) announced today that Ric Fulop, Founder and CEO, will present at the 24th Annual Needham Virtual Growth Conference on Tuesday, January 11, 2022 at 4:15 p.m. EST.


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A live webcast of the presentation will be available online from a link at the Events and Presentations section of Desktop Metal’s investor relations site, accessible at www.ir.desktopmetal.com. Desktop Metal recommends registering at least 15 minutes prior to the start of the presentation to ensure timely access. A replay will be available shortly after the conclusion of the live presentation at this same website.

The stocks have a year to date performance of -4.85 percent and weekly performance of -0.84 percent. The stock has been moved at -55.86 percent over the last six months. The stock has performed -18.93 percent around the most recent 30 days and changed -30.94 percent over the most recent 3-months.

If compared to the average trading volume of 6.42M shares, DM reached to a volume of 4123028 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Desktop Metal Inc. [DM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DM shares is $10.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cross Research have made an estimate for Desktop Metal Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 16, 2021. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Perform. The new note on the price target was released on October 08, 2021, representing the official price target for Desktop Metal Inc. stock. Previously, the target price had yet another raise to $14, while Credit Suisse analysts kept a Neutral rating on DM stock.

The Average True Range (ATR) for Desktop Metal Inc. is set at 0.38, with the Price to Sales ratio for DM stock in the period of the last 12 months amounting to 20.78. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 1.33.

DM stock trade performance evaluation

Desktop Metal Inc. [DM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.84. With this latest performance, DM shares dropped by -18.93% in over the last four-week period, additionally sinking by -55.86% over the last 6 months – not to mention a drop of -72.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DM stock in for the last two-week period is set at 35.72, with the RSI for the last a single of trading hit 35.01, and the three-weeks RSI is set at 36.83 for Desktop Metal Inc. [DM]. The present Moving Average for the last 50 days of trading for this stock 6.51, while it was recorded at 5.03 for the last single week of trading, and 9.61 for the last 200 days.

Desktop Metal Inc. [DM]: An insightful look at the core fundamentals

Desktop Metal Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.10 and a Current Ratio set at 9.80.

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Desktop Metal Inc. [DM]: Insider Ownership positions

There are presently around $700 million, or 41.90% of DM stock, in the hands of institutional investors. The top three institutional holders of DM stocks are: KPCB XVI ASSOCIATES, LLC with ownership of 17,496,150, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 16,024,997 shares of the stock with an approximate value of $82.37 million in DM stocks shares; and NEA MANAGEMENT COMPANY, LLC, currently with $74.06 million in DM stock with ownership of nearly -25.775% of the company’s market capitalization.

140 institutional holders increased their position in Desktop Metal Inc. [NYSE:DM] by around 30,254,462 shares. Additionally, 111 investors decreased positions by around 30,356,851 shares, while 42 investors held positions by with 75,672,273 shares. The mentioned changes placed institutional holdings at 136,283,586 shares, according to the latest SEC report filing. DM stock had 51 new institutional investments in for a total of 10,853,672 shares, while 55 institutional investors sold positions of 15,927,283 shares during the same period.