Desktop Metal (DM) Set to Announce Earnings on Thursday

Desktop Metal (NYSE:DM) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Desktop Metal has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Desktop Metal (NYSE:DM) last announced its earnings results on Friday, March 15th. The pipeline company reported ($0.05) EPS for the quarter. The business had revenue of $52.35 million during the quarter. Desktop Metal had a negative net margin of 170.41% and a negative return on equity of 29.25%. During the same quarter last year, the firm earned ($0.11) earnings per share.

Desktop Metal Stock Up 5.3 %

Shares of NYSE:DM opened at $0.84 on Wednesday. Desktop Metal has a 1-year low of $0.46 and a 1-year high of $2.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.08 and a quick ratio of 1.90. The stock has a market cap of $275.69 million, a P/E ratio of -0.84 and a beta of 0.70. The firm has a fifty day moving average price of $0.79 and a 200 day moving average price of $0.75.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DM. StockNews.com assumed coverage on Desktop Metal in a report on Saturday, March 2nd. They set a “sell” rating on the stock. Cantor Fitzgerald started coverage on Desktop Metal in a research note on Wednesday, February 28th. They issued an “overweight” rating and a $1.25 target price on the stock.

About Desktop Metal

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.