Desktop Metal Inc (NYSE:DM) shares, rose in value, with the stock price down by -1.27% to the previous day’s close as strong demand from buyers drove the stock to $0.82.
Actively observing the price movement in the last trading, the stock closed the session at $0.83. The value of beta (5-year monthly) was 0.68. Referring to stock’s 52-week performance, its high was $2.30, and the low was $0.46. On the whole, DM has fluctuated by 5.86% over the past month.
With the market capitalization of Desktop Metal Inc currently standing at about $272.06 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DM currently trading nearly -9.56% and 11.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.72, while the 7-day volatility ratio is showing 6.94% which for the 30-day chart, stands at 10.37%. Furthermore, Desktop Metal Inc (DM)’s beta value is 0.68, and its average true range (ATR) is 0.08.
A comparison of Desktop Metal Inc (DM) with its peers suggests the former has fared considerably weaker in the market. DM showed an intraday change of -1.27% in last session, and over the past year, it shrunk by -62.03%%.
Data on historical trading for Desktop Metal Inc (NYSE:DM) indicates that the trading volumes over the past 3 months, they’ve averaged 3.46 million. According to company’s latest data on outstanding shares, there are 325.27 million shares outstanding.
Nearly 36.94% of Desktop Metal Inc’s shares belong to company insiders and institutional investors own 34.01% of the company’s shares. The stock has risen by 9.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DM stock heading into the next quarter.
