Desktop Metal (DM, Financial) experienced a significant stock movement with a sharp decline of 5.05% in its share price, currently trading at $3.95. The trading volume reached 320,198 shares, with a turnover rate of 0.96% and a price fluctuation of 4.57%.
Recent financial reports indicate that Desktop Metal recorded a revenue of $36.41 million, a net loss of $35.45 million, and an earnings per share of -$1.07. The company achieved a gross profit of $2.33 million, with a price-to-earnings ratio of -0.36. Among the analysts covering the stock, all have recommended holding, with no buy or sell suggestions.
Within the computer hardware sector, where Desktop Metal operates, the overall growth was 1.65%. Notable performers in this sector include Western Digital, Arista Networks, Inc., and others with significant gains. Meanwhile, stocks like AgEagle Aerial Systems and Quantum showed high turnover rates, and Quantum along with Btc Digital Ltd C/Wts and AgEagle Aerial Systems exhibited substantial price volatility.
Desktop Metal Inc. specializes in 3D printing technology, focusing on enabling engineers, designers, and manufacturers to utilize metal and carbon fiber 3D printing. The company's technology supports the design and development of automotive parts, consumer goods, industrial equipment, and mechanical systems. Desktop Metal markets its products across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, with the majority of its revenue generated from the Americas.
