Desktop Metal, Inc. (DM)

NYSE: DM · IEX Real-Time Price · USD
1.44
-0.03 (-2.04%)
At close: Sep 22, 2023, 4:00 PM
1.46
+0.02 (1.39%)
After-hours: Sep 22, 2023, 7:56 PM EDT
-2.04%
Market Cap 465.22M
Revenue (ttm) 202.25M
Net Income (ttm) -475.50M
Shares Out 323.07M
EPS (ttm) -1.49
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,537,904
Open 1.47
Previous Close 1.47
Day's Range 1.43 - 1.49
52-Week Range 1.13 - 2.89
Beta 0.62
Analysts Buy
Price Target 2.66 (+84.72%)
Earnings Date Nov 8, 2023

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 Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; Studio System, an office metal 3D printing system; and Desktop Metal Furnace, which is paired with ... [Read more]

Sector Technology
Founded 2015
Employees 1,200
Stock Exchange NYSE
Ticker Symbol DM
Full Company Profile

Financial Performance

In 2022, Desktop Metal's revenue was $209.02 million, an increase of 85.95% compared to the previous year's $112.41 million. Losses were -$740.34 million, 208.0% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for DM stock is "Buy." The 12-month stock price forecast is $2.66, which is an increase of 84.72% from the latest price.

Price Target
$2.66
(84.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Leading Independent Proxy Advisory Firm ISS Recommends Desktop Metal Stockholders Vote “FOR” the Pending Merger with Stratasys

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced that leading independent proxy adviso...

Other symbols: SSYS
2 days ago - Business Wire

Stratasys Mails Letter Urging Shareholders to Vote FOR All Stratasys Proposals

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today sent a letter reminding shareholders to v...

Other symbols: SSYS
4 days ago - Business Wire

Desktop Metal Releases Video Showcasing How BMW Group Uses ExOne Binder Jetting Technology to Virtually Eliminate Emissions at its Landshut Light Metal Foundry

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Take a look Inside the Pioneering Additive Manufacturing Journey of ExOne and BMW at TeamDM.com/BMW.

4 days ago - Business Wire

Stratasys Urges Shareholders to Vote FOR the Desktop Metal Transaction

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today sent a letter urging Stratasys shareholde...

Other symbols: SSYS
10 days ago - Business Wire

Desktop Metal and DSB Technologies Driving Metal Binder Jetting into Production with X-Series Lineup

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced that Wisconsin-based DSB Technologies...

11 days ago - Business Wire

Desktop Metal Announces Sale of Production System P-50 and Super Fleet of Metal Binder Jet Systems to FreeFORM Technologies

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced the sale of a Production System P-50 ...

Other symbols: RYI
12 days ago - Business Wire

Stratasys Mails Proxy Materials for Extraordinary General Meeting and Letter to Shareholders

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced that it has commenced mailing i...

Other symbols: SSYS
18 days ago - Business Wire

Desktop Metal Announces Special Meeting of Stockholders to Vote on Proposed Merger with Stratasys

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced that it will hold a special meeting a...

Other symbols: SSYS
18 days ago - Business Wire

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: SSYS
26 days ago - Business Wire

Desktop Metal Announces Second Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM) today announced its financial results for the second quarter ended June 30, 2023. “We are very pleased with our operational execut...

7 weeks ago - Business Wire

Desktop Metal to Release Second Quarter 2023 Financial Results on Thursday, August 3, 2023

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM) today announced it will report financial results for the second quarter ended June 30, 2023 after the market closes on Thursday, A...

2 months ago - Business Wire

Stratasys to stick with Desktop Metal merger deal as 3D Systems bid was not ‘superior'

Stratasys Ltd. SSYS, +1.99% said Friday that it determined that the raised unsolicited buyout bid it received from 3D Systems Corp. DDD, +2.33% earlier this week was not a “superior proposal,” so the ...

Other symbols: DDDSSYS
3 months ago - Market Watch

Stratasys to review 3D Systems' raised bid, but still unanimously approves Desktop Metal merger deal

Stratasys Ltd. SSYS, -0.61% confirmed Tuesday that it received a revised “unsolicited” buyout bid from 3D Systems Corp. DDD, +1.90%, which effectively values the stock at a 20.4% premium to Monday's c...

Other symbols: DDDSSYS
3 months ago - Market Watch

Stratasys Files Preliminary Form F-4 and Additional Revenue and EBITDA Estimates for Superior Value Combination with Desktop Metal

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today filed a preliminary Form F-4 with the U.S...

Other symbols: SSYS
3 months ago - Business Wire

Desktop Metal, Inc. Adopts Limited Duration Shareholder Rights Plan

BOSTON--(BUSINESS WIRE)-- #3Dprinting--The Board of Directors of Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal” or the “Company”) announced that it adopted a limited duration shareholder rights plan ...

Other symbols: SSYS
4 months ago - Business Wire

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

NEW YORK , May 25, 2023 /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: SSYS
4 months ago - PRNewsWire

Stratasys CEO on $1.8 Billion Desktop Metal Deal

Stratasys CEO Yoav Zeif joins Bloomberg's Scarlet Fu and Alex Barinka to discuss his outlook for the 3D printing space and why he thinks the merger with Desktop Metal will reshape the industry. ------...

Other symbols: SSYS
4 months ago - Bloomberg Technology

Stratasys ($SSYS) and Desktop Metal ($DM) Announce Merger to Create 3D Printing Leader

Stratasys (NASDAQ: SSYS), a leading 3D printing company, and Desktop Metal (NYSE: DM) are joining forces in an all-stock merger valued at $1.8 billion. This partnership combines expertise in polymers ...

Other symbols: SSYS
4 months ago - Green Stock News

Shareholder Alert: Ademi LLP investigates whether Desktop Metal, Inc. has obtained a Fair Price in its transaction with Stratasys

MILWAUKEE , May 25, 2023 /PRNewswire/ -- Ademi LLP is investigating Desktop Metal (NYSE: DM) for possible breaches of fiduciary duty and other violations of law in its transaction with Stratasys  Clic...

4 months ago - PRNewsWire

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 Stratasys Ltd. for 0.123 ordinary shares of Stratasys f...

4 months ago - Business Wire

Nano Dimension launches $18 all-cash tender offer for Stratasys shares just moments after company unveils deal with Desktop Metal

Nano Dimension Ltd. NNDM, -0.82% said Thursday it has launched a tender offer at $18 per share in cash for to purchase between 38.8% to 40.8% of the outstanding shares of Stratasys Ltd.

Other symbols: NNDMSSYS
4 months ago - Market Watch

Stratasys and Desktop Metal to combine in all-stock deal valued at about $1.8 billion that will create new player in 3-D printing space

Stratasys Ltd. SSYS, -2.49% and Desktop Metal Inc. DM, -4.89% said Thursday they have agreed to combine in an all-stock deal valued at about $1.8 billion that will create a new company in the 3-D prin...

Other symbols: SSYS
4 months ago - Market Watch

Stratasys to Combine with Desktop Metal in Approximately $1.8 Billion All-Stock Transaction

MINNEAPOLIS & REHOVOT, Israel & BOSTON--(BUSINESS WIRE)-- #3Dprinting--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that they have e...

Other symbols: SSYS
4 months ago - Business Wire

Desktop Metal Announces First Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)-- #3Dprinting--DM recognizes revenue of $41.3 million, with a growing number of repeat purchases from customers with multi-machine fleets of AM 2.0 systems.

4 months ago - Business Wire

Desktop Metal to Release First Quarter 2023 Financial Results on Wednesday, May 10, 2023

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, Inc. (NYSE: DM) today announced it will report financial results for the first quarter ended March 31, 2023 after the market closes on Wednesday, ...

6 months ago - Business Wire