Is DM a good stock to buy? (2024)

Is DM a good stock to buy?

The consensus rating for Desktop Metal is Buy while the average consensus rating for industrial products companies is Moderate Buy. Learn more on how DM compares to other companies.

Will DM stock go up?

DM Stock 12 Month Forecast

Based on 3 Wall Street analysts offering 12 month price targets for Desktop Metal in the last 3 months. The average price target is $1.05 with a high forecast of $1.25 and a low forecast of $0.85. The average price target represents a 22.09% change from the last price of $0.86.

Is DM a good investment?

The Desktop Metal, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

What is the target price for DM?

Is Desktop Metal worth investing in?

Overall, Desktop Metal Inc stock has a Value Grade of C, Growth Grade of F, Momentum Grade of D . Whether or not you should buy Desktop Metal Inc stock will ultimately depend on your individual goals, risk tolerance and allocation.

Why is DM stock so low?

Market headwinds, including higher interest rates and manufacturing weakness, continue to impact the Company's business. While the stock has been down significantly over the past 12 months, DM's valuation is still high given the problems facing the business.

Who owns DM stock?

Largest shareholders include BlackRock Inc., Vanguard Group Inc, NEA Management Company, LLC, Alphabet Inc., Koch Industries Inc, PRNT - The 3D Printing ETF, IWM - iShares Russell 2000 ETF, Group One Trading, L.p., ARK Investment Management LLC, and VTSMX - Vanguard Total Stock Market Index Fund Investor Shares .

What is the 5 year forecast for Desktop Metal?

Is it worth it to invest in Coca Cola?

The long-term outlook is highly positive for co*ke's cash trends, and so investors can count on further steady dividend growth over the coming years (and decades).

Is it worth it to buy Coca Cola stock?

CocaCola Company (The) - Hold

Valuation metrics show that CocaCola Company (The) may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of KO, demonstrate its potential to underperform the market. It currently has a Growth Score of C.

What should my target price be?

There are many different ways to calculate a price target, but a common method involves using price-to-earnings ratios. If you divide the current P/E by the forward P/E and then multiply by the current price, you should have a reasonable prediction for the price target a year from now.

What is target price for Goldman Sachs?

Goldman Sachs Group (XTRA:GOS) Price Target Increased by 5.45% to 419.23. The average one-year price target for Goldman Sachs Group (XTRA:GOS) has been revised to 419.23 / share. This is an increase of 5.45% from the prior estimate of 397.58 dated March 30, 2024.

What is Mckesson price target?

Which metal stock is best to buy?

What is the best metal to invest in for the future?

Gold remains a reliable choice for wealth preservation, while silver offers affordability and industrial uses. Platinum and palladium can provide diversification and potentially higher returns but come with increased volatility and limited investment options.

Who is investing in Desktop Metal?

The Series D round included significant new investment from New Enterprise Associates (NEA), GV (formerly Google Ventures), GE Ventures, Future Fund and Techtronic Industries (TTI), a leader in quality consumer, professional and industrial products, including Milwaukee Tool, AEG, Ryobi, Hoover, Oreck, VAX and Dirt ...

Why is Desktop Metal failing?

Despite the progress, Desktop Metal faced a challenging capital investment environment characterized by elevated interest rates and slower sales cycles. These challenges underscore the importance of the company's strategic initiatives to lower its cost structure and enhance resilience in the face of market headwinds.

Why is Desktop Metal stock falling?

Final thoughts on Desktop Metal

The company is struggling. The company noted weakness in demand and the sector. While that may be temporary, and the company is cutting costs where it can get to EBITDA breakeven on the back of margin expansion, the revenues do not seem like they will inflect much higher anytime soon.

Why is Snowflake stock so low?

Shares of Snowflake fell 18% on Thursday, a day after the cloud software company announced that billionaire CEO Frank Slootman will retire. The company also reported fourth-quarter earnings results and a weaker-than-expected first-quarter outlook on Wednesday.

Who owns most of Coca Cola stock?

The ownership structure of Coca-Cola Bottling Co Consolidated (co*kE) stock is a mix of institutional, retail and individual investors. Approximately 32.25% of the company's stock is owned by Institutional Investors, 37.60% is owned by Insiders and 30.15% is owned by Public Companies and Individual Investors.

Is DM a SPAC?

The big problem with Desktop Metal is, that the company went public too soon through a SPAC merger.

How many shares does General Dynamics have?

According to General Dynamics's latest financial reports and stock price the company's current number of shares outstanding is 272,585,000.

Is Desktop Metal a penny stock?

Penny Stock #3: Desktop Metal

Its market cap currently stands at $283.1 million. Shares of DM have risen more than 13% on a YTD basis, outperforming the SPX. Over just the past three months, Desktop Metal shares have surged 42.6%.

What is the future of Desktop Metal?

Desktop Metal said it is revising its revenue expectation to between $187 to $207 million and its Adjusted EBITDA expectation to between $(70) to $(50) million for full year 2023, with expectation to achieve adjusted EBITDA breakeven before year end 2023.

Is Desktop Metal a good company to work for?

Desktop Metal Reviews FAQs

Desktop Metal has an overall rating of 3.2 out of 5, based on over 100 reviews left anonymously by employees. 35% of employees would recommend working at Desktop Metal to a friend and 26% have a positive outlook for the business. This rating has decreased by 17% over the last 12 months.