Desktop Metal, Inc. (DM)

NYSE: DM · Real-Time Price · USD
4.910
-0.010 (-0.20%)
At close: Oct 22, 2024, 4:00 PM
4.920
+0.010 (0.20%)
Pre-market: Oct 23, 2024, 5:43 AM EDT
-0.20%
Market Cap 163.31M
Revenue (ttm) 174.63M
Net Income (ttm) -376.44M
Shares Out 33.26M
EPS (ttm) -11.53
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 221,579
Open 4.900
Previous Close 4.920
Day's Range 4.900 - 4.950
52-Week Range 3.620 - 11.800
Beta 0.61
Analysts Hold
Price Target 5.50 (+12.02%)
Earnings Date Nov 7, 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
(12.02% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Nano Dimension moves closer to closing Desktop Metal deal after shareholder vote

The proposed merger of 3-D printing companies Nano Dimension Ltd. and Desktop metal Inc. moved closer to completion on Thursday, after Desktop Metal shareholders voted to approve the deal.

Other symbols: NNDM
19 days ago - Market Watch

Desktop Metal Stockholders Approve Merger with Nano Dimension

WALTHAM, Mass.--(BUSINESS WIRE)-- #3Dprinting--Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal” or “DM”) today jointly announced that, at a spe...

Other symbols: NNDM
19 days ago - Business Wire

Nano Dimension Acquisition of Desktop Metal Receives Support from Leading Proxy Advisory Firm - ISS

WALTHAM, Mass.--(BUSINESS WIRE)-- #3Dprinting--Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or “Nano”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal” or “DM”) today jointly announced that...

Other symbols: NNDM
4 weeks ago - Business Wire

Desktop Metal Qualifies Continuum's Recycled Superalloy for Use on its Metal Binder Jet 3D Printers

BOSTON & HOUSTON--(BUSINESS WIRE)-- #3Dprinting--Continuum's 100% re-atomized Mar-M247 powder is now qualified for use on Desktop Metal's X25Pro binder jet 3D printer platform.

6 weeks ago - Business Wire

Desktop Metal's Transformative Metal Manufacturing Technologies to be Showcased at IMTS 2024

BOSTON--(BUSINESS WIRE)-- #3Dprinting--The Figur G-15 delivers on-demand sheet metal forming without unique tools and dies. This system will be producing parts live at IMTS 2024 in Chicago.

6 weeks ago - Business Wire

Desktop Health® Announces Flexcera® Family Resins Validated for LuxCreo 3D Printers

BOSTON--(BUSINESS WIRE)--Desktop Health, the trusted production-grade dental 3D printing brand of Desktop Metal, Inc. (NYSE: DM), is proud to announce that Flexcera family resins are now qualified for...

6 weeks ago - Business Wire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CFB and DM on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or bre...

Other symbols: CFB
7 weeks ago - Accesswire

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
7 weeks ago - Business Wire

Desktop Metal, Inc. (DM) Q2 2024 Earnings Call Transcript

Desktop Metal, Inc. (NYSE:DM) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Michael Jordan - Vice President, Finance & Treasury Ric Fulop - Founder & Chief Executive ...

2 months ago - Seeking Alpha

Desktop Metal Announces Second 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 second quarter en...

3 months ago - Business Wire

Desktop Metal to Release Second Quarter 2024 Financial Results on Wednesday, July 31, 2024

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM) today announced it will report financial results for the second quarter ended June 30, 2024 before the market opens on Wednesday, July 31, 2024....

3 months ago - Business Wire

Desktop Metal Announces Sale of First PureSinter™ Furnace to AmPd Labs

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Houston-based manufacturer purchases breakthrough new furnace design from Desktop Metal to support its fleet of DM's laser-free metal 3D printers.

3 months ago - Business Wire

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
3 months ago - GlobeNewsWire

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 ...

3 months 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
3 months 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
3 months 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
3 months ago - TechCrunch

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
4 months 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...

4 months 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 months 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 months 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 months 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 months 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...

4 months 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.

5 months ago - Business Wire