Desktop Metal (DM) to Release Quarterly Earnings on Thursday

by · The Markets Daily

Desktop Metal (NYSE:DM – Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $44.10 million for the quarter.

Desktop Metal Stock Down 1.3 %

Shares of DM stock opened at $1.96 on Wednesday. The stock’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $3.62. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 2.34. Desktop Metal has a twelve month low of $1.90 and a twelve month high of $11.80. The company has a market capitalization of $65.18 million, a price-to-earnings ratio of -0.17 and a beta of 0.70.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Desktop Metal from a “hold” rating to a “sell” rating in a research note on Friday, February 7th.

Get Our Latest Stock Report on Desktop Metal

Desktop Metal Company Profile

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Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.

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