Desktop Metal (DM, Financial), a leading company in 3D printing technology, saw its stock price surge by 5.42%. The stock is currently priced at $2.53 per share, with a trading volume of 275,586 shares and a turnover rate of 0.83%. The stock's amplitude reached 9.02%.
Recent financial reports indicate that Desktop Metal generated $36.41 million in revenue, but reported a net loss of $35.45 million, resulting in an earnings per share (EPS) of -$1.07. The gross profit stood at $2.33 million, with a price-to-earnings (P/E) ratio of -0.23. In terms of analyst ratings, the sole institution covering the stock suggests holding, with no buy or sell recommendations.
The broader computer hardware industry, where Desktop Metal operates, experienced a 1.20% increase. Within this sector, stocks like One Stop Systems, Inc., 3D Systems, and Red Cat Holdings, Inc. saw significant gains. Meanwhile, Rigetti Computing, Inc., D-Wave Quantum Inc., and Quantum Computing Inc. were notably active. Stocks with high volatility included Btc Digital Ltd C/Wts, One Stop Systems, Inc., and 3D Systems.
Desktop Metal specializes in 3D metal and carbon fiber printing, offering solutions for automotive, consumer goods, industrial equipment, and mechanical systems design. The company markets its products across the Americas, EMEA, and APAC regions, with the majority of its revenue coming from the Americas.
