Desktop Metal (DM, Financial) experienced a notable stock fluctuation with a 5.35% decrease, bringing its share price to $2.30. The trading volume reached 262,773 shares, with a turnover rate of 0.79% and a price amplitude of 7.82%.
In its latest financial report, Desktop Metal reported revenue of $36.41 million and a net loss of $35.45 million, resulting in an earnings per share (EPS) of -$1.07. The company achieved a gross profit of $2.33 million, with a price-to-earnings (P/E) ratio of -0.21. Among the institutions rating the stock, 100% recommended holding, with no buy or sell ratings.
Within the computer hardware sector, where Desktop Metal operates, the overall growth was 0.88%. Notable stocks in the sector included Btc Digital Ltd., Btc Digital Ltd C/Wts 31/03/2025(To Pur Com), and Canaan Inc., which saw significant gains. Active stocks included Btc Digital Ltd., Rigetti Computing, Inc., and Quantum, with turnover rates of 669.40%, 42.81%, and 26.60%, respectively. Stocks with high amplitude included Btc Digital Ltd C/Wts 31/03/2025(To Pur Com), Btc Digital Ltd., and Zspace, Inc.
Desktop Metal specializes in 3D printing technology, focusing on making metal and carbon fiber 3D printing accessible to engineers, designers, and manufacturers. Its technology aids in the design and development of automotive parts, consumer goods, industrial equipment, and mechanical systems. The company markets its products across the Americas, Europe, the Middle East and Africa (EMEA), and the Asia-Pacific (APAC) regions, with the majority of its revenue generated from the Americas.
