Desktop Metal with ticker code (DM) now have 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 16 and 7 with a mean TP of 10.25. Now with the previous closing price of 4.61 this indicates there is a potential upside of 122.3%. The 50 day MA is 4.11 and the 200 moving average now moves to 6.98. The market cap for the company is $1,434m. Company Website: https://www.desktopmetal.com
The potential market cap would be $3,188m based on the market concensus.
Desktop Metal manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a turnkey binder jetting platform for machine and job shops; Studio System, an office metal 3D printing system; and Fiber, a desktop 3D printer. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and development industries. The company was founded in 2015 and is headquartered in Burlington, Massachusetts.
