Desktop Metal Stock Price on July 31, 2024
| DM Stock | USD 2.41 0.02 0.84% |
Below is the normalized historical share price chart for Desktop Metal extending back to May 03, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Desktop Metal stands at 2.41, as last reported on the 28th of December, with the highest price reaching 2.47 and the lowest price hitting 2.35 during the day.
If you're considering investing in Desktop Stock, it is important to understand the factors that can impact its price. Desktop Metal secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. Desktop Metal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Desktop Metal's Mean Deviation of 2.41, standard deviation of 3.99, and Variance of 15.92 to check the risk estimate we provide.
At this time, Desktop Metal's Common Stock Shares Outstanding is very stable compared to the past year. As of the 28th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 600.3 M, while Total Stockholder Equity is likely to drop about 229.6 M. . At this time, Desktop Metal's Price Book Value Ratio is very stable compared to the past year. As of the 28th of December 2024, Price To Book Ratio is likely to grow to 1.05, while Price Earnings Ratio is likely to drop (0.79). Desktop Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of May 2019 | 200 Day MA 5.4068 | 50 Day MA 4.2636 | Beta 0.598 |
Desktop |
Sharpe Ratio = -0.2367
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| Negative Returns | DM |
Estimated Market Risk
| 4.07 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.96 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Desktop Metal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Desktop Metal by adding Desktop Metal to a well-diversified portfolio.
Price Book 1.1014 | Enterprise Value Ebitda (1.18) | Price Sales 0.4735 | Shares Float 21.3 M | Wall Street Target Price 5 |
Desktop Metal Valuation on July 31, 2024
It is possible to determine the worth of Desktop Metal on a given historical date. On July 31, 2024 Desktop was worth 4.75 at the beginning of the trading date compared to the closed value of 4.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Desktop Metal stock. Still, in general, we apply an absolute valuation method to find Desktop Metal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Desktop Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Desktop Metal's related companies.
| Open | High | Low | Close | Volume | |
| 4.88 | 4.94 | 4.87 | 4.91 | 276,110 | |
07/31/2024 | 4.75 | 4.79 | 4.59 | 4.71 | 684,598 |
| 4.76 | 4.81 | 4.70 | 4.72 | 311,065 |
| Backtest Desktop Metal | | | Desktop Metal History | | | Desktop Metal Valuation | Previous | Next |
Desktop Metal Trading Date Momentum on July 31, 2024
| On August 01 2024 Desktop Metal was traded for 4.72 at the closing time. The highest price during the trading period was 4.81 and the lowest recorded bid was listed for 4.70 . The volume for the day was 311.1 K. This history from August 1, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.21% . The overall trading delta to the current price is 11.46% . |
Desktop Metal Fundamentals Correlations and Trends
By evaluating Desktop Metal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Desktop Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Desktop financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Desktop Metal Stock history
Desktop Metal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Desktop is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Desktop Metal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Desktop Metal stock prices may prove useful in developing a viable investing in Desktop Metal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 32.2 M | 38.2 M | |
| Net Loss | -666.3 M | -633 M |
Desktop Metal Quarterly Net Working Capital |
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Desktop Metal Stock Technical Analysis
Desktop Metal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Desktop Metal Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
Desktop Metal cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Desktop Metal December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Desktop Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Desktop Metal shares will generate the highest return on investment. By undertsting and applying Desktop Metal stock market strength indicators, traders can identify Desktop Metal entry and exit signals to maximize returns
Desktop Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Desktop Metal's price direction in advance. Along with the technical and fundamental analysis of Desktop Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Desktop to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 4.48 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Desktop Metal. If investors know Desktop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (11.15) | Revenue Per Share 5.117 | Quarterly Revenue Growth (0.15) | Return On Assets (0.24) | Return On Equity (1.53) |
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Desktop Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.