Desktop Metal Inc (NYSE:DM) price closed lower on Monday, April 15, dropping -10.19% below its previous close.
A look at the daily price movement shows that the last close reads $0.96. The company’s 5Y monthly beta was ticking 0.68. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.35 and 52-week low of $0.46. The stock added 39.34% on its value in the past month.
Desktop Metal Inc, which has a market valuation of $278.92 million, is expected to release its quarterly earnings report May 08, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DM a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that DM’s price is at present -0.64% off the SMA20 and 22.17% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.78, with weekly volatility standing at 15.42%. The indicator jumps to 12.37% when calculated based on the past 30 days. Desktop Metal Inc (NYSE:DM)’s beta value is holding at 0.65, while the average true range (ATR) indicator is currently reading 0.10.
An analysis of the Desktop Metal Inc (NYSE:DM) stock in terms of its daily trading volume indicates that the 3-month average is 3.63 million.
Current records show that the company has 325.27M in outstanding shares. The insiders’ percentage holdings are 36.96% of outstanding shares while the percentage share held by institutions stands at 33.90%. But the 14.37% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
