Desktop Metal, Inc. (DM)

NYSE: DM · IEX Real-Time Price · USD
5.36
+0.38 (7.63%)
At close: Jul 19, 2024, 4:00 PM
5.29
-0.07 (-1.31%)
After-hours: Jul 19, 2024, 7:58 PM EDT
7.63%
Market Cap 178.12M
Revenue (ttm) 188.98M
Net Income (ttm) -322.73M
Shares Out 33.23M
EPS (ttm) -9.90
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 989,251
Open 4.99
Previous Close 4.98
Day's Range 4.94 - 5.42
52-Week Range 0.61 - 11.80
Beta 0.60
Analysts Hold
Price Target 5.50 (+2.61%)
Earnings Date Aug 1, 2024

About DM

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. It also provides Einstein series, designed for dental professionals which offers 3D printing; ET... [Read more]

Sector Technology
Founded 2015
Employees 950
Stock Exchange NYSE
Ticker Symbol DM
Full Company Profile

Financial Performance

In 2023, Desktop Metal's revenue was $189.70 million, a decrease of -9.25% compared to the previous year's $209.02 million. Losses were -$323.27 million, -56.33% less than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for DM stock is "Hold" and the 12-month stock price forecast is $5.5.

Price Target
$5.5
(2.61% upside)
Analyst Consensus: Hold
Stock Forecasts

News

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHCR, DM on Behalf of Shareholders

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: SHCR
11 days ago - GlobeNewsWire

DESKTOP METAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Desktop Metal, Inc. - DM

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Desktop Metal, I...

Other symbols: NNDM
12 days ago - Business Wire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MORF, DM on Behalf of Shareholders

NEW YORK , July 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...

Other symbols: MORF
12 days ago - PRNewsWire

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Desktop Metal, Inc. - DM

NEW YORK , July 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securitie...

18 days ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breach...

Other symbols: INFN
18 days ago - Accesswire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Desktop Metal, Inc.

NEW YORK , July 3, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Desktop Metal, Inc. (NYSE: DM) and its board of directors concerning the proposed acquis...

Other symbols: NNDM
18 days ago - PRNewsWire

Nano Dimension is buying Desktop Metal

Nano Dimension announced plans Wednesday to acquire Desktop Metal. The finer financial details are still being worked out, ultimately ranging anywhere from $135 million to $183 million.

Other symbols: NNDM
18 days ago - TechCrunch

DM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Desktop Metal, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Desktop Metal, Inc. (NYSE: DM) to Nano Dimension Ltd. for $5.50 per share is fair to Desk...

18 days ago - Business Wire

Nano Dimension to Acquire Desktop Metal, Creating a Leader in Additive Manufacturing

WALTHAM, Mass. & BOSTON--(BUSINESS WIRE)--Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or “Nano”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today jointly announced that they have en...

Other symbols: NNDM
18 days ago - Business Wire

Desktop Metal to Showcase New Breakthroughs in Production Metal and Ceramic Binder Jet 3D Printing at RAPID + TCT

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced it will showcase new customer 3D printi...

27 days ago - Business Wire

The Desktop Metal X25Pro is Now Powered by TurboFuse™ – a High-Speed, High-Strength Binder That Dramatically Improves 3D Printing Times

BOSTON--(BUSINESS WIRE)-- #3Dprinting--TurboFuse improves already-fast binder jet 3D printing speeds by 50% or more and extends printhead life, making binder jetting even more affordable.

4 weeks ago - Business Wire

In Partnership with BEGA, Desktop Metal to Showcase Aluminum Lighting Components Binder Jet 3D Printed on the X25Pro at RAPID + TCT

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal has now demonstrated a repeatable binder jet 3D printing process for Al6061 parts with the properties of common cast aluminum alloys.

4 weeks ago - Business Wire

Platinum is now Customer-Qualified on the Desktop Metal Production System Binder Jet 3D Printing Platform by Legor

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Italy-based Legor has qualified Platinum for use on the Desktop Metal Production System P-1 metal binder jet 3D printer for jewelry production.

4 weeks ago - Business Wire

Desktop Metal Releases Live Inspect™ Tolerance Analysis and Scan Adjustment Software for Additively Manufactured Parts

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced the launch of Live Inspect™ for analyzi...

4 weeks ago - Business Wire

Desktop Metal to Effect a Reverse Stock Split

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM) (the “Company”) announced today that its Board of Directors has approved a 1-for-10 reverse stock split of the Company's Class A common stock. T...

6 weeks ago - Business Wire

Desktop Metal Introduces PureSinter™ – a High-Purity Vacuum Furnace that Delivers Premium Debind-and-Sinter Performance at an Affordable Price

BOSTON--(BUSINESS WIRE)-- #3Dprinting--The all-new PureSinter Furnace offers one-run debinding and sintering of metal parts made with either additive or traditional manufacturing methods.

6 weeks ago - Business Wire

Desktop Metal ($DM) Installs Figur G15 Pro Sheet Metal Forming Systems at Three Facilities in WI

Desktop Metal (NYSE: DM), a global leader in Additive Manufacturing, has announced the installation of four Figur G15 Pro systems with Digital Sheet Forming (DSF) technology at three manufacturers in ...

2 months ago - Green Stock News

Wisconsin-Based Evology Manufacturing Adopts Digital Sheet Metal Forming Technology from Desktop Metal

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Evology is one of several manufacturers now offering rapid production of sheet metal parts without stamping dies or tooling, enabled by DM platform.

2 months ago - Business Wire

Desktop Metal Announces First Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the first quarter end...

2 months ago - Business Wire

Desktop Metal Announces Highly Anticipated Release of Binder Jet 3D Printing Upgrade to Manufacture Reactive Metal Parts, including Titanium and Aluminum

BOSTON--(BUSINESS WIRE)-- #3Dprinting--The Production System P-1 will now be offered with a Reactive Safety Kit that unlocks safe, high-speed 3D printing of both titanium and aluminum.

2 months ago - Business Wire

Desktop Health™ Announces Flexcera™ Family Resins Validated for Asiga® 3D Printers, Increasing Global Access to Premium Digital Dental Applications

BURLINGTON, Mass.--(BUSINESS WIRE)--Desktop Health – the trusted production-grade medical 3D printing brand of Desktop Metal, Inc. (NYSE: DM) – and Asiga, a leading dental 3D printing brand, have vali...

2 months ago - Business Wire

Desktop Metal to Release First Quarter 2024 Financial Results on Thursday, May 9, 2024

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM) today announced it will report financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. At...

2 months ago - Business Wire

Shorts stung as the Desktop Metal (DM) stock goes vertical

Desktop Metal (NASDAQ: DM) stock price has gone parabolic, hurting short-sellers who believe that it should continue falling. It jumped by over 16% on Thursday, making it one of the best-performing co...

3 months ago - Invezz

Desktop Health Launches ScanUp™ Digital Dentistry Adoption Subscription Program to Modernize Dental Practice Efficiency and Patient Care

BOSTON--(BUSINESS WIRE)--The total contract value of dentists signed up for the ScanUp digital dentistry adoption program and ecosystem now exceeds $32 million.

4 months ago - Business Wire

Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the fourth quarter an...

4 months ago - Business Wire