Desktop Metal (DM, Financial) experienced a significant stock price increase of 5.29%. The stock is currently trading at $2.39 with a trading volume of 98,180 shares, a turnover rate of 0.29%, and a price fluctuation of 8.59%.
The latest financial report reveals that Desktop Metal generated a revenue of $36.41 million, with a net loss of $35.45 million, resulting in an earnings per share (EPS) of -$1.07. The company's gross profit stands at $2.33 million, and it has a price-to-earnings (P/E) ratio of -0.21. Among the rating agencies, 100% recommend holding the stock, with no buy or sell recommendations.
In the broader computer hardware sector, which saw an overall decline of 2.19%, Desktop Metal was among the top gainers along with Zspace, Inc. and Stratasys. Other active stocks in the sector include Rigetti Computing, Inc., D-Wave Quantum Inc., and Btc Digital Ltd., with turnover rates of 33.16%, 15.04%, and 11.10%, respectively. Stocks with significant price fluctuations include Zspace, Inc., Red Cat Holdings, Inc., and Xingtu International, with volatility rates of 38.67%, 12.29%, and 11.46%, respectively.
Desktop Metal specializes in 3D printing technology, focusing on metal and carbon fiber applications. Their technology supports the design and development of automotive parts, consumer goods, industrial equipment, and mechanical systems. The company markets its products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, with the majority of its revenue coming from the Americas.
