Desktop Metal Inc (NYSE:DM) price on Thursday, May 09,fall -14.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.72.
A look at the stock’s price movement, the close in the last trading session was $0.84. Turning to its 52-week performance, $2.30 and $0.46 were the 52-week high and 52-week low respectively. Overall, DM moved -35.71% over the past month.
Desktop Metal Inc’s market cap currently stands at around $237.76 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DM is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
DM’s current price about -15.19% and -9.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.25, while 7-day volatility ratio is 10.80% and 9.20% in the 30-day chart. Further, Desktop Metal Inc (DM) has a beta value of 0.71, and an average true range (ATR) of 0.08.
If we refocus on Desktop Metal Inc (NYSE:DM), historical trading data shows that trading volumes averaged 3.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 325.27 million shares.
The 36.96% of Desktop Metal Inc’s shares are in the hands of company insiders while institutional holders own 33.32% of the company’s shares. Current price change has pushed the stock -4.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DM stock continues to rise going into the next quarter.
