Desktop Metal (DM, Financial) experienced a significant stock drop of 5.31%, with its shares priced at $2.84. The trading volume reached 136,047 shares, indicating a turnover rate of 0.41% and a price fluctuation of 7.83%. Recent financial reports show that the company generated $36.41 million in revenue but incurred a net loss of $35.45 million, resulting in an earnings per share of -$1.07. The gross profit stood at $2.33 million, with a price-to-earnings ratio of -0.26.
In terms of analyst ratings, all participating institutions recommend holding the stock, with no buy or sell suggestions. The broader computer hardware sector saw an overall decline of 1.81%. Within this sector, notable gainers included Btc Digital Ltd C/Wts 31/03/2025 (To Pur Com), Zspace, Inc., and Transact Technologies Incorporated. Meanwhile, Rigetti Computing, Inc., AgEagle Aerial Systems, and Quantum Computing Inc. showed high trading activity with turnover rates of 27.81%, 26.69%, and 22.27%, respectively. Stocks with significant price swings included Btc Digital Ltd C/Wts 31/03/2025 (To Pur Com), Zspace, Inc., and Rigetti Computing Inc C/Wts 03/02/2027 (To Pur Com), with fluctuations of 32.18%, 21.67%, and 19.03%.
Desktop Metal specializes in 3D printing technology, focusing on metal and carbon fiber solutions for engineers, designers, and manufacturers. Its products serve markets across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, with the Americas being the largest revenue source.
