Desktop Metal (DM) to Release Quarterly Earnings on Thursday

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

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

Desktop Metal Trading Down 6.6 %

DM stock opened at $0.80 on Tuesday. Desktop Metal has a 52 week low of $0.46 and a 52 week high of $2.30. The company has a market capitalization of $263.71 million, a PE ratio of -0.81 and a beta of 0.70. The company’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.90 and a current ratio of 3.08.

Wall Street Analysts Forecast Growth

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