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Desktop Metal Inc
Buy, Hold or Sell?

Let's analyse Desktop Metal Inc together

PenkeI guess you are interested in Desktop Metal Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Desktop Metal Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Desktop Metal Inc (30 sec.)










What can you expect buying and holding a share of Desktop Metal Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
23.8%

What is your share worth?

Current worth
$0.73
Expected worth in 1 year
$-0.13
How sure are you?
42.9%

+ What do you gain per year?

Total Gains per Share
$-0.87
Return On Investment
-98.3%

For what price can you sell your share?

Current Price per Share
$0.88
Expected price per share
$0.74 - $1.44
How sure are you?
50%

1. Valuation of Desktop Metal Inc (5 min.)




Live pricePrice per Share (EOD)

$0.88

Intrinsic Value Per Share

$-3.93 - $-4.51

Total Value Per Share

$-3.19 - $-3.78

2. Growth of Desktop Metal Inc (5 min.)




Is Desktop Metal Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$241.6m$845.8m-$451.5m-114.5%

How much money is Desktop Metal Inc making?

Current yearPrevious yearGrowGrow %
Making money-$80.8m-$185m$104.2m129.0%
Net Profit Margin-165.7%-330.1%--

How much money comes from the company's main activities?

3. Financial Health of Desktop Metal Inc (5 min.)




4. Comparing to competitors in the Computer Hardware industry (5 min.)




  Industry Rankings (Computer Hardware)  


Richest
#74 / 205

Most Revenue
#111 / 205

Most Profit
#201 / 205

Most Efficient
#192 / 205

What can you expect buying and holding a share of Desktop Metal Inc? (5 min.)

Welcome investor! Desktop Metal Inc's management wants to use your money to grow the business. In return you get a share of Desktop Metal Inc.

What can you expect buying and holding a share of Desktop Metal Inc?

First you should know what it really means to hold a share of Desktop Metal Inc. And how you can make/lose money.

Speculation

The Price per Share of Desktop Metal Inc is $0.88. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Desktop Metal Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Desktop Metal Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $0.73. Based on the TTM, the Book Value Change Per Share is $-0.22 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.55 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Desktop Metal Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.53-60.2%-0.25-27.9%-0.56-63.8%-0.21-23.5%-0.20-22.3%
Usd Book Value Change Per Share-0.50-56.5%-0.22-24.6%-0.55-62.1%0.044.2%0.034.0%
Usd Dividend Per Share0.000.0%0.000.1%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.50-56.5%-0.22-24.6%-0.55-62.1%0.044.2%0.044.0%
Usd Price Per Share0.75-1.57-2.72-6.68-6.36-
Price to Earnings Ratio-0.35--2.37--2.52--236.36--225.11-
Price-to-Total Gains Ratio-1.51--11.60--9.86-313.49-313.49-
Price to Book Ratio1.02-1.27-1.02-3.85-3.67-
Price-to-Total Gains Ratio-1.51--11.60--9.86-313.49-313.49-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.88
Number of shares1136
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.220.04
Usd Total Gains Per Share-0.220.04
Gains per Quarter (1136 shares)-245.7141.76
Gains per Year (1136 shares)-982.84167.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
12-985-9930167157
25-1970-19761333324
37-2955-29591500491
49-3940-39422666658
511-4926-49252833825
614-5911-59083999992
716-6896-6891311661159
818-7881-7874413321326
920-8866-8857414991493
1023-9851-9840516661660

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%2.018.00.010.0%2.019.00.09.5%2.019.00.09.5%
Book Value Change Per Share0.04.00.00.0%3.09.00.025.0%9.011.00.045.0%9.011.01.042.9%9.011.01.042.9%
Dividend per Share3.00.01.075.0%5.00.07.041.7%5.00.015.025.0%5.00.016.023.8%5.00.016.023.8%
Total Gains per Share0.04.00.00.0%3.09.00.025.0%9.011.00.045.0%9.011.01.042.9%9.011.01.042.9%

Fundamentals of Desktop Metal Inc

About Desktop Metal Inc

Desktop Metal, Inc. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing. It also provides Einstein series, designed for dental professionals which offers 3D printing; ETEC Xtreme 8K platform, a DLP printer with two 385 nm overhead projectors for high-volume production; ETEC Pro XL for industrial polymer 3D printer; S-Max and S-Max Pro platforms, which provides digital casting solutions; and 3D-Bioplotter platform which offers biofabrication solution. In addition, the company offers binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts.

Fundamental data was last updated by Penke on 2024-03-22 21:26:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Desktop Metal Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Desktop Metal Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • A Net Profit Margin of -333.4% means that $-3.33 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Desktop Metal Inc:

  • The MRQ is -333.4%. The company is making a huge loss. -2
  • The TTM is -165.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-333.4%TTM-165.7%-167.8%
TTM-165.7%YOY-330.1%+164.4%
TTM-165.7%5Y-600.6%+434.9%
5Y-600.6%10Y-572.0%-28.5%
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ-333.4%2.9%-336.3%
TTM-165.7%2.9%-168.6%
YOY-330.1%3.3%-333.4%
5Y-600.6%2.8%-603.4%
10Y-572.0%2.8%-574.8%
1.1.2. Return on Assets

Shows how efficient Desktop Metal Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • -35.0% Return on Assets means that Desktop Metal Inc generated $-0.35 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Desktop Metal Inc:

  • The MRQ is -35.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -14.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-35.0%TTM-14.2%-20.8%
TTM-14.2%YOY-19.8%+5.6%
TTM-14.2%5Y-9.3%-4.9%
5Y-9.3%10Y-8.9%-0.4%
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ-35.0%0.8%-35.8%
TTM-14.2%0.8%-15.0%
YOY-19.8%1.0%-20.8%
5Y-9.3%0.9%-10.2%
10Y-8.9%0.9%-9.8%
1.1.3. Return on Equity

Shows how efficient Desktop Metal Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • -72.2% Return on Equity means Desktop Metal Inc generated $-0.72 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Desktop Metal Inc:

  • The MRQ is -72.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -26.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-72.2%TTM-26.4%-45.8%
TTM-26.4%YOY-26.7%+0.3%
TTM-26.4%5Y-57.0%+30.6%
5Y-57.0%10Y-54.3%-2.7%
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ-72.2%1.5%-73.7%
TTM-26.4%1.8%-28.2%
YOY-26.7%2.4%-29.1%
5Y-57.0%2.0%-59.0%
10Y-54.3%2.0%-56.3%

1.2. Operating Efficiency of Desktop Metal Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Desktop Metal Inc is operating .

  • Measures how much profit Desktop Metal Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • An Operating Margin of -58.4% means the company generated $-0.58  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Desktop Metal Inc:

  • The MRQ is -58.4%. The company is operating very inefficient. -2
  • The TTM is -90.4%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-58.4%TTM-90.4%+32.0%
TTM-90.4%YOY-214.8%+124.4%
TTM-90.4%5Y-678.2%+587.8%
5Y-678.2%10Y-646.0%-32.2%
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ-58.4%2.5%-60.9%
TTM-90.4%1.3%-91.7%
YOY-214.8%3.6%-218.4%
5Y-678.2%2.9%-681.1%
10Y-646.0%2.4%-648.4%
1.2.2. Operating Ratio

Measures how efficient Desktop Metal Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Computer Hardware industry mean).
  • An Operation Ratio of 1.58 means that the operating costs are $1.58 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Desktop Metal Inc:

  • The MRQ is 1.584. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.904. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.584TTM1.904-0.320
TTM1.904YOY2.154-0.249
TTM1.9045Y9.251-7.346
5Y9.25110Y8.859+0.392
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5841.667-0.083
TTM1.9041.670+0.234
YOY2.1541.674+0.480
5Y9.2511.656+7.595
10Y8.8591.435+7.424

1.3. Liquidity of Desktop Metal Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Desktop Metal Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Computer Hardware industry mean).
  • A Current Ratio of 3.08 means the company has $3.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Desktop Metal Inc:

  • The MRQ is 3.083. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.364. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.083TTM3.364-0.281
TTM3.364YOY3.874-0.510
TTM3.3645Y7.430-4.065
5Y7.43010Y7.076+0.354
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0831.973+1.110
TTM3.3641.945+1.419
YOY3.8741.888+1.986
5Y7.4301.981+5.449
10Y7.0761.801+5.275
1.3.2. Quick Ratio

Measures if Desktop Metal Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • A Quick Ratio of 1.75 means the company can pay off $1.75 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Desktop Metal Inc:

  • The MRQ is 1.755. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.109. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.755TTM2.109-0.354
TTM2.109YOY4.039-1.930
TTM2.1095Y376.522-374.413
5Y376.52210Y358.592+17.930
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7550.728+1.027
TTM2.1090.727+1.382
YOY4.0390.772+3.267
5Y376.5220.856+375.666
10Y358.5920.863+357.729

1.4. Solvency of Desktop Metal Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Desktop Metal Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Desktop Metal Inc to Computer Hardware industry mean.
  • A Debt to Asset Ratio of 0.52 means that Desktop Metal Inc assets are financed with 51.5% credit (debt) and the remaining percentage (100% - 51.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Desktop Metal Inc:

  • The MRQ is 0.515. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.387. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.515TTM0.387+0.128
TTM0.387YOY0.215+0.173
TTM0.3875Y0.331+0.057
5Y0.33110Y0.315+0.016
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5150.448+0.067
TTM0.3870.453-0.066
YOY0.2150.460-0.245
5Y0.3310.479-0.148
10Y0.3150.464-0.149
1.4.2. Debt to Equity Ratio

Measures if Desktop Metal Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • A Debt to Equity ratio of 106.3% means that company has $1.06 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Desktop Metal Inc:

  • The MRQ is 1.063. The company is able to pay all its debts with equity. +1
  • The TTM is 0.662. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ1.063TTM0.662+0.402
TTM0.662YOY0.283+0.379
TTM0.6625Y0.862-0.201
5Y0.86210Y0.821+0.041
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0630.810+0.253
TTM0.6620.820-0.158
YOY0.2830.858-0.575
5Y0.8620.939-0.077
10Y0.8210.916-0.095

2. Market Valuation of Desktop Metal Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Desktop Metal Inc generates.

  • Above 15 is considered overpriced but always compare Desktop Metal Inc to the Computer Hardware industry mean.
  • A PE ratio of -0.35 means the investor is paying $-0.35 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Desktop Metal Inc:

  • The EOD is -0.416. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.355. Based on the earnings, the company is expensive. -2
  • The TTM is -2.371. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.416MRQ-0.355-0.061
MRQ-0.355TTM-2.371+2.016
TTM-2.371YOY-2.516+0.146
TTM-2.3715Y-236.364+233.994
5Y-236.36410Y-225.109-11.255
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
EOD-0.41613.654-14.070
MRQ-0.35512.776-13.131
TTM-2.37113.950-16.321
YOY-2.51611.062-13.578
5Y-236.36414.493-250.857
10Y-225.10915.604-240.713
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Desktop Metal Inc:

  • The EOD is -3.127. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.668. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4.314. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.127MRQ-2.668-0.458
MRQ-2.668TTM-4.314+1.646
TTM-4.314YOY-4.526+0.211
TTM-4.3145Y56.520-60.834
5Y56.52010Y53.829+2.691
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
EOD-3.1273.681-6.808
MRQ-2.6683.528-6.196
TTM-4.3140.551-4.865
YOY-4.526-0.015-4.511
5Y56.5200.073+56.447
10Y53.8290.749+53.080
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Desktop Metal Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Computer Hardware industry mean).
  • A PB ratio of 1.02 means the investor is paying $1.02 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Desktop Metal Inc:

  • The EOD is 1.200. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.024. Based on the equity, the company is underpriced. +1
  • The TTM is 1.271. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.200MRQ1.024+0.176
MRQ1.024TTM1.271-0.247
TTM1.271YOY1.017+0.255
TTM1.2715Y3.855-2.583
5Y3.85510Y3.671+0.184
Compared to industry (Computer Hardware)
PeriodCompanyIndustry (mean)+/- 
EOD1.2001.858-0.658
MRQ1.0241.916-0.892
TTM1.2711.927-0.656
YOY1.0171.578-0.561
5Y3.8551.804+2.051
10Y3.6711.733+1.938
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Desktop Metal Inc.

3.1. Institutions holding Desktop Metal Inc

Institutions are holding 48.123% of the shares of Desktop Metal Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31BlackRock Inc6.49580.000421094309-1004426-4.5452
2023-12-31Vanguard Group Inc5.31450.000317257979-4674585-21.3134
2023-12-31NEA Management Company, LLC4.43670.72071440759400
2023-12-31Alphabet Inc3.40240.38421104873000
2023-12-31Koch Industries Inc2.88980.7919938428200
2023-12-31State Street Corporation1.76640.00025736106-2632221-31.4546
2023-12-31Geode Capital Management, LLC1.7320.000456245502731595.1044
2023-12-31Group One Trading, LP1.6370.01055315970-4486239-45.7676
2023-12-31Susquehanna International Group, LLP1.55460.00075048409-483870-8.7463
2023-12-31ARK Investment Management LLC1.21890.0176395820252267715.2139
2023-12-31Kingswood Wealth Advisors LLC0.82150.22712667715-50000-1.8398
2023-12-31Northern Trust Corp0.70540.00032290680-117741-4.8887
2023-12-31Boston Standard Wealth Management, LLC0.63460.7943206082500
2023-12-31Charles Schwab Investment Management Inc0.58530.00041900780-76560-3.8719
2023-12-31Lazard Asset Management LLC0.57050.0018185273149494736.4526
2023-12-31Morgan Stanley - Brokerage Accounts0.53780.0001174658832359222.7402
2023-12-31Atlantic Trust Group, LLC0.44390.0023144165700
2023-09-30Walleye Trading LLC0.38510.004812506301078769.44
2023-12-31Goldman Sachs Group Inc0.3630.0001117872457499695.2409
2023-12-31HighTower Advisors, LLC0.35280.0015114569410606291246.8454
Total 35.8482.9596116412155-10167766-8.7%

3.2. Funds holding Desktop Metal Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-02-29The 3D Printing ETF2.35283.4136764037500
2024-02-29Vanguard Total Stock Mkt Idx Inv2.17090.0003704981900
2024-02-29iShares Russell 2000 ETF2.08550.00666772295-1107-0.0163
2024-02-29Vanguard Institutional Extnd Mkt Idx Tr1.09980.0021357143434480.0966
2024-02-29Vanguard Small Cap Index0.90290.00132932031264800.9114
2023-12-31Fidelity Small Cap Index0.85290.00822769574338971.2391
2024-02-01iShares Russell 2000 Value ETF0.79840.0136259263532800.1267
2024-02-29Vanguard Small Cap Growth Index Inv0.50680.00291645803273431.6894
2024-02-29State St Russell Sm/Mid Cp® Indx NL Cl C0.48820.0023158529900
2023-11-30Lazard Rathmore Alternative EA Acc USD0.46750.0604151812623129117.9736
2024-01-31Fidelity Extended Market Index0.43050.0025139786700
2024-02-29iShares Automation&Robotics ETF USD Acc0.42340.0221137482800
2024-02-29Schwab US Small-Cap ETF™0.35510.004115315100
2024-01-31RobecoSAM Smart Materials Eqs I EUR0.33620.07521091704-45000-3.9588
2024-02-29State St Russell Sm Cap® Indx SL Cl I0.33310.007108157500
2024-02-29Vanguard Russell 2000 ETF0.31270.00651015462800018.552
2023-12-31NT R2000 Value Index Fund - NL0.23810.0154773152-35883-4.4353
2023-12-31NT R2000 Index Fund - NL0.23640.008767671-34576-4.3099
2024-01-31DNB Fund - Disruptive Opp Retail A EUR0.21991.1395714169-44919-5.9175
2024-01-31Schwab Small Cap Index0.20020.007465000400
Total 14.81134.798948096974+244255+0.5%

3.3. Insider Transactions

Insiders are holding 23.27% of the shares of Desktop Metal Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-03-06Scott J. DussaultSELL269692.4
2022-08-22Ric FulopBUY60003.21
2022-08-16Ric FulopBUY50003.2
2022-08-11Ric FulopBUY300003.09
2022-03-16Ric FulopBUY1288504.08
2021-12-27Leo J Jr. HinderySELL3000005.06
2021-06-14Wen Hsuan HsiehSELL12500012.6

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Desktop Metal Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.497-0.217-56%-0.547+10%0.037-1457%0.035-1525%
Book Value Per Share--0.7331.196-39%2.566-71%1.674-56%1.594-54%
Current Ratio--3.0833.364-8%3.874-20%7.430-59%7.076-56%
Debt To Asset Ratio--0.5150.387+33%0.215+140%0.331+56%0.315+64%
Debt To Equity Ratio--1.0630.662+61%0.283+276%0.862+23%0.821+30%
Dividend Per Share---0.000-100%0.000-100%0.000-100%0.000-100%
Eps---0.529-0.245-54%-0.561+6%-0.206-61%-0.197-63%
Free Cash Flow Per Share---0.070-0.089+27%-0.146+108%-0.088+25%-0.084+19%
Free Cash Flow To Equity Per Share---0.071-0.089+25%-0.060-15%0.127-156%0.121-158%
Gross Profit Margin--1.0671.161-8%1.164-8%1.115-4%1.109-4%
Intrinsic Value_10Y_max---4.512--------
Intrinsic Value_10Y_min---3.927--------
Intrinsic Value_1Y_max---0.494--------
Intrinsic Value_1Y_min---0.485--------
Intrinsic Value_3Y_max---1.452--------
Intrinsic Value_3Y_min---1.387--------
Intrinsic Value_5Y_max---2.372--------
Intrinsic Value_5Y_min---2.205--------
Market Cap290080552.960+15%247557380.992517612486.688-52%897436710.720-72%2202980499.386-89%2098076666.082-88%
Net Profit Margin---3.334-1.657-50%-3.301-1%-6.006+80%-5.720+72%
Operating Margin---0.584-0.904+55%-2.148+268%-6.782+1062%-6.460+1006%
Operating Ratio--1.5841.904-17%2.154-26%9.251-83%8.859-82%
Pb Ratio1.200+15%1.0241.271-19%1.017+1%3.855-73%3.671-72%
Pe Ratio-0.416-17%-0.355-2.371+569%-2.516+610%-236.364+66555%-225.109+63381%
Price Per Share0.880+15%0.7511.570-52%2.723-72%6.683-89%6.365-88%
Price To Free Cash Flow Ratio-3.127-17%-2.668-4.314+62%-4.526+70%56.520-105%53.829-105%
Price To Total Gains Ratio-1.770-17%-1.510-11.599+668%-9.864+553%313.491-100%313.491-100%
Quick Ratio--1.7552.109-17%4.039-57%376.522-100%358.592-100%
Return On Assets---0.350-0.142-59%-0.198-43%-0.093-73%-0.089-75%
Return On Equity---0.722-0.264-63%-0.267-63%-0.570-21%-0.543-25%
Total Gains Per Share---0.497-0.216-57%-0.547+10%0.037-1453%0.035-1520%
Usd Book Value--241652001.000394313750.250-39%845854750.000-71%551883995.450-56%525603805.190-54%
Usd Book Value Change Per Share---0.497-0.217-56%-0.547+10%0.037-1457%0.035-1525%
Usd Book Value Per Share--0.7331.196-39%2.566-71%1.674-56%1.594-54%
Usd Dividend Per Share---0.000-100%0.000-100%0.000-100%0.000-100%
Usd Eps---0.529-0.245-54%-0.561+6%-0.206-61%-0.197-63%
Usd Free Cash Flow---23194000.000-29439250.000+27%-48262000.000+108%-28995227.800+25%-27635728.857+19%
Usd Free Cash Flow Per Share---0.070-0.089+27%-0.146+108%-0.088+25%-0.084+19%
Usd Free Cash Flow To Equity Per Share---0.071-0.089+25%-0.060-15%0.127-156%0.121-158%
Usd Market Cap290080552.960+15%247557380.992517612486.688-52%897436710.720-72%2202980499.386-89%2098076666.082-88%
Usd Price Per Share0.880+15%0.7511.570-52%2.723-72%6.683-89%6.365-88%
Usd Profit---174529000.000-80818000.000-54%-185085750.000+6%-67843105.500-61%-64619112.381-63%
Usd Revenue--52346000.00047424500.000+10%52255750.000+0%24533375.000+113%23776809.524+120%
Usd Total Gains Per Share---0.497-0.216-57%-0.547+10%0.037-1453%0.035-1520%
 EOD+5 -3MRQTTM+11 -25YOY+15 -215Y+10 -2610Y+10 -26

4.2. Fundamental Score

Let's check the fundamental score of Desktop Metal Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.416
Price to Book Ratio (EOD)Between0-11.200
Net Profit Margin (MRQ)Greater than0-3.334
Operating Margin (MRQ)Greater than0-0.584
Quick Ratio (MRQ)Greater than11.755
Current Ratio (MRQ)Greater than13.083
Debt to Asset Ratio (MRQ)Less than10.515
Debt to Equity Ratio (MRQ)Less than11.063
Return on Equity (MRQ)Greater than0.15-0.722
Return on Assets (MRQ)Greater than0.05-0.350
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Desktop Metal Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.552
Ma 20Greater thanMa 500.694
Ma 50Greater thanMa 1000.639
Ma 100Greater thanMa 2000.693
OpenGreater thanClose0.900
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Net Interest Income  -354-528-882-305-1,187-207-1,3941,702308



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets498,636
Total Liabilities256,984
Total Stockholder Equity241,652
 As reported
Total Liabilities 256,984
Total Stockholder Equity+ 241,652
Total Assets = 498,636

Assets

Total Assets498,636
Total Current Assets216,137
Long-term Assets282,499
Total Current Assets
Cash And Cash Equivalents 84,078
Short-term Investments 625
Net Receivables 37,690
Inventory 82,639
Other Current Assets 11,105
Total Current Assets  (as reported)216,137
Total Current Assets  (calculated)216,137
+/-0
Long-term Assets
Property Plant Equipment 65,564
Long Term Investments 2,000
Intangible Assets 168,258
Long-term Assets Other 5,430
Long-term Assets  (as reported)282,499
Long-term Assets  (calculated)241,252
+/- 41,247

Liabilities & Shareholders' Equity

Total Current Liabilities70,104
Long-term Liabilities186,880
Total Stockholder Equity241,652
Total Current Liabilities
Short-term Debt 7,734
Short Long Term Debt 330
Accounts payable 18,190
Other Current Liabilities 32,441
Total Current Liabilities  (as reported)70,104
Total Current Liabilities  (calculated)58,695
+/- 11,409
Long-term Liabilities
Long term Debt 112,654
Capital Lease Obligations 30,970
Long-term Liabilities Other 2,030
Long-term Liabilities  (as reported)186,880
Long-term Liabilities  (calculated)145,654
+/- 41,226
Total Stockholder Equity
Common Stock33
Retained Earnings -1,632,225
Accumulated Other Comprehensive Income -34,660
Other Stockholders Equity 1,908,504
Total Stockholder Equity (as reported)241,652
Total Stockholder Equity (calculated)241,652
+/-0
Other
Capital Stock33
Cash and Short Term Investments 84,703
Common Stock Shares Outstanding 325,272
Current Deferred Revenue11,739
Liabilities and Stockholders Equity 498,636
Net Debt 59,876
Net Invested Capital 354,636
Net Working Capital 146,033
Property Plant and Equipment Gross 116,926
Short Long Term Debt Total 143,954



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> Total Assets 
0
302,099
303,421
304,312
305,125
305,796
305,803
127,298
641,909
987,587
1,016,703
971,594
1,386,595
1,321,993
1,111,149
1,051,352
754,347
714,186
677,098
644,264
498,636
498,636644,264677,098714,186754,3471,051,3521,111,1491,321,9931,386,595971,5941,016,703987,587641,909127,298305,803305,796305,125304,312303,421302,0990
   > Total Current Assets 
0
1,728
1,976
1,290
572
433
397
103,347
612,592
621,975
560,443
486,806
400,008
349,634
405,878
372,721
336,416
316,163
287,023
281,347
216,137
216,137281,347287,023316,163336,416372,721405,878349,634400,008486,806560,443621,975612,592103,3473974335721,2901,9761,7280
       Cash And Cash Equivalents 
0
1,415
1,039
588
139
81
61
37,356
483,525
416,379
188,199
131,676
65,017
103,590
107,966
66,987
76,291
101,252
121,660
107,432
84,078
84,078107,432121,660101,25276,29166,987107,966103,59065,017131,676188,199416,379483,52537,35661811395881,0391,4150
       Short-term Investments 
0
300,347
0
0
0
0
0
53,180
111,867
155,847
326,318
292,272
204,569
102,895
147,774
150,268
108,243
48,554
5,933
803
625
6258035,93348,554108,243150,268147,774102,895204,569292,272326,318155,847111,86753,18000000300,3470
       Net Receivables 
0
0
0
0
0
2,676
2,676
1,642
6,516
22,064
13,441
23,371
46,687
36,930
37,755
41,783
38,910
35,603
41,295
50,038
37,690
37,69050,03841,29535,60338,91041,78337,75536,93046,68723,37113,44122,0646,5161,6422,6762,67600000
       Other Current Assets 
0
0
936
702
434
352
336
806
26
352
1,465
752
1,481
1,314
1,040
1,182
6,771
21,067
1,311
2,114
11,105
11,1052,1141,31121,0676,7711,1821,0401,3141,4817521,4653522680633635243470293600
   > Long-term Assets 
0
300,371
301,446
303,022
304,553
305,363
305,406
23,951
29,317
365,612
456,260
484,788
986,587
972,359
705,271
678,631
417,931
398,023
390,075
362,917
282,499
282,499362,917390,075398,023417,931678,631705,271972,359986,587484,788456,260365,61229,31723,951305,406305,363304,553303,022301,446300,3710
       Property Plant Equipment 
0
0
0
0
0
18,201
18,201
15,536
12,160
12,331
13,228
33,417
58,710
82,370
80,057
80,412
78,418
45,262
70,280
67,501
65,564
65,56467,50170,28045,26278,41880,41280,05782,37058,71033,41713,22812,33112,16015,53618,20118,20100000
       Goodwill 
0
0
0
0
0
0
0
2,252
2,252
201,308
251,060
262,343
639,301
630,022
377,710
365,253
112,955
113,571
112,741
108,651
0
0108,651112,741113,571112,955365,253377,710630,022639,301262,343251,060201,3082,2522,2520000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
7,259
6,750
6,750
5,950
2,850
2,000
2,000
2,000
2,000
2,000
2,0002,0002,0002,0002,0002,8505,9506,7506,7507,25900000000000
       Intangible Assets 
0
0
0
0
0
0
0
2,810
9,414
144,371
179,086
180,308
261,984
251,000
238,069
225,438
219,830
210,117
199,609
178,802
168,258
168,258178,802199,609210,117219,830225,438238,069251,000261,984180,308179,086144,3719,4142,8100000000
       Other Assets 
0
0
0
24
24
612
612
3,353
681
875
933
18,355
46,929
2,217
31,825
30,185
4,728
4,558
5,445
5,963
0
05,9635,4454,5584,72830,18531,8252,21746,92918,3559338756813,3536126122424000
> Total Liabilities 
0
10,588
10,658
10,707
10,844
11,276
11,463
465,325
32,656
48,023
59,359
72,092
138,245
143,968
240,009
244,600
226,845
228,616
232,639
238,690
256,984
256,984238,690232,639228,616226,845244,600240,009143,968138,24572,09259,35948,02332,656465,32511,46311,27610,84410,70710,65810,5880
   > Total Current Liabilities 
0
82
110
196
303
143
191
26,417
30,499
39,406
41,548
49,784
102,064
104,275
94,015
98,306
83,387
83,462
82,159
90,958
70,104
70,10490,95882,15983,46283,38798,30694,015104,275102,06449,78441,54839,40630,49926,417191143303196110820
       Short-term Debt 
0
0
0
0
0
0
0
10,844
10,859
12,658
2,294
3,707
6,352
6,057
5,756
5,865
6,314
6,509
6,320
7,012
7,734
7,7347,0126,3206,5096,3145,8655,7566,0576,3523,7072,29412,65810,85910,8440000000
       Short Long Term Debt 
0
0
0
0
0
0
0
9,986
9,991
11,019
311
1,030
825
731
587
444
584
403
389
368
330
3303683894035844445877318251,03031111,0199,9919,9860000000
       Accounts payable 
0
0
0
0
0
9,050
9,050
6,604
7,591
5,227
9,214
16,985
29,557
30,431
29,309
29,211
25,105
21,988
25,041
32,114
18,190
18,19032,11425,04121,98825,10529,21129,30930,43129,55716,9859,2145,2277,5916,6049,0509,05000000
       Other Current Liabilities 
0
82
0
0
303
5,742
5,742
6,055
7,565
15,324
22,397
20,686
33,829
31,615
29,154
31,430
26,723
28,026
28,724
27,899
32,441
32,44127,89928,72428,02626,72331,43029,15431,61533,82920,68622,39715,3247,5656,0555,7425,74230300820
   > Long-term Liabilities 
0
10,507
10,548
10,510
10,541
11,133
11,272
438,908
2,157
8,617
17,811
22,308
36,181
39,693
145,994
146,294
143,458
145,154
150,480
147,732
186,880
186,880147,732150,480145,154143,458146,294145,99439,69336,18122,30817,8118,6172,157438,90811,27211,13310,54110,51010,54810,5070
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
163
0
680
548
1,144
112,417
112,520
112,693
112,810
112,911
112,998
0
0112,998112,911112,810112,693112,520112,4171,1445486800163000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
93,328
5,206
13,852
13,826
22,556
19,314
16,104
15,506
13,453
0
14,898
11,550
0
011,55014,898013,45315,50616,10419,31422,55613,82613,8525,20693,32800000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
2,741
0
5,206
8,723
7,881
0
0
0
0
0
0
0
0
0
0000000007,8818,7235,20602,7410000000
> Total Stockholder Equity
0
5,000
5,000
5,000
5,000
5,000
5,000
-338,027
609,253
939,564
957,344
899,502
1,248,350
1,178,025
871,140
806,752
527,502
485,570
444,459
405,574
241,652
241,652405,574444,459485,570527,502806,752871,1401,178,0251,248,350899,502957,344939,564609,253-338,0275,0005,0005,0005,0005,0005,0000
   Common Stock
0
286,511
287,764
288,606
289,281
289,521
289,341
3
23
25
26
26
31
31
32
32
32
32
32
32
33
333232323232323131262625233289,341289,521289,281288,606287,764286,5110
   Retained Earnings Total Equity00-1,411,323-1,361,596-1,308,954-996,601-935,827-638,555-568,611-497,444-430,565-328,277000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
5
-9
-21
104
-1,119
-6,414
-17,449
-44,901
-61,156
-38,368
-36,630
-37,798
-38,693
-34,660
-34,660-38,693-37,798-36,630-38,368-61,156-44,901-17,449-6,414-1,119104-21-950000000
   Capital Surplus 
0
0
0
2,989
2,314
2,074
2,254
5,215
993,933
1,326,945
1,387,779
1,398,039
1,823,344
1,833,998
1,851,836
1,864,477
1,874,792
1,883,764
1,893,548
1,901,931
0
01,901,9311,893,5481,883,7641,874,7921,864,4771,851,8361,833,9981,823,3441,398,0391,387,7791,326,945993,9335,2152,2542,0742,3142,989000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 
0
-281,426
-283,932
-285,616
-286,966
-287,446
-287,086
-415,279
993,933
1,326,945
1,387,779
1,398,039
1,823,344
1,833,998
1,851,836
1,864,477
1,874,792
1,883,764
1,893,548
1,901,931
1,908,504
1,908,5041,901,9311,893,5481,883,7641,874,7921,864,4771,851,8361,833,9981,823,3441,398,0391,387,7791,326,945993,933-415,279-287,086-287,446-286,966-285,616-283,932-281,4260



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue189,698
Cost of Revenue-182,453
Gross Profit7,2457,245
 
Operating Income (+$)
Gross Profit7,245
Operating Expense-164,512
Operating Income-157,267-157,267
 
Operating Expense (+$)
Research Development77,451
Selling General Administrative66,272
Selling And Marketing Expenses40,334
Operating Expense164,512184,057
 
Net Interest Income (+$)
Interest Income944
Interest Expense-4,099
Other Finance Cost-662
Net Interest Income-3,817
 
Pretax Income (+$)
Operating Income-157,267
Net Interest Income-3,817
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-326,37611,842
EBIT - interestExpense = -161,366
-326,376
-319,172
Interest Expense4,099
Earnings Before Interest and Taxes (EBIT)-157,267-322,277
Earnings Before Interest and Taxes (EBITDA)-103,650
 
After tax Income (+$)
Income Before Tax-326,376
Tax Provision--571
Net Income From Continuing Ops-461,095-325,805
Net Income-323,271
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses346,965
Total Other Income/Expenses Net-169,1093,817
 

Technical Analysis of Desktop Metal Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Desktop Metal Inc. The general trend of Desktop Metal Inc is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Desktop Metal Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Desktop Metal Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 1.03 < 1.13 < 1.44.

The bearish price targets are: 0.8635 > 0.8397 > 0.74.

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Desktop Metal Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Desktop Metal Inc. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Desktop Metal Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Desktop Metal Inc. The current macd is 0.05987055.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Desktop Metal Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Desktop Metal Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Desktop Metal Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Desktop Metal Inc Daily Moving Average Convergence/Divergence (MACD) ChartDesktop Metal Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Desktop Metal Inc. The current adx is 27.98.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Desktop Metal Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Desktop Metal Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Desktop Metal Inc. The current sar is 0.758882.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Desktop Metal Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Desktop Metal Inc. The current rsi is 71.55. The current phase is Overbought in neutral market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 1/(-13 +13).

  • Overbought in neutral market:
  • Trending up: The RSI is trending up. +1
Desktop Metal Inc Daily Relative Strength Index (RSI) ChartDesktop Metal Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Desktop Metal Inc. The current phase is Overbought in neutral market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Desktop Metal Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Desktop Metal Inc Daily Stochastic Oscillator ChartDesktop Metal Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Desktop Metal Inc. The current cci is 166.00.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Desktop Metal Inc Daily Commodity Channel Index (CCI) ChartDesktop Metal Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Desktop Metal Inc. The current cmo is 58.69.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Desktop Metal Inc Daily Chande Momentum Oscillator (CMO) ChartDesktop Metal Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Desktop Metal Inc. The current willr is -5.88235294.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Desktop Metal Inc Daily Williams %R ChartDesktop Metal Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Desktop Metal Inc.

Desktop Metal Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Desktop Metal Inc. The current atr is 0.07516903.

Desktop Metal Inc Daily Average True Range (ATR) ChartDesktop Metal Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Desktop Metal Inc. The current obv is 17,618,776.

Desktop Metal Inc Daily On-Balance Volume (OBV) ChartDesktop Metal Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Desktop Metal Inc. The current mfi is 76.78.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Desktop Metal Inc Daily Money Flow Index (MFI) ChartDesktop Metal Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Desktop Metal Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-14MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-30RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-18MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-31DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Desktop Metal Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Desktop Metal Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.552
Ma 20Greater thanMa 500.694
Ma 50Greater thanMa 1000.639
Ma 100Greater thanMa 2000.693
OpenGreater thanClose0.900
Total3/5 (60.0%)
Penke

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