Will Desktop Metal stock go up?

Will Desktop Metal stock go up?

Sales growth at Desktop Metal has been impressive, rising 123% year over year in Q4 (including revenue from the company’s acquisition of ExOne last year) and rising 583% (to $112.4 million) for all of 2021.

What does Desktop Metal do?

Desktop Metal is a public American technology company that designs and markets 3D printing systems. Headquartered in Burlington, Massachusetts, the company has raised $438 million in venture funding since its founding from investors such as Google Ventures, BMW, and Ford Motor Company.

Who uses Desktop Metal?

Since its inception in October 2015, Desktop Metal has raised $97 million and attracted major investors, including GV (formerly Google Ventures), BMW Group, GE, Lowe’s, NEA, Kleiner Perkins Caufield & Byers, Lux Capital, Saudi Aramco, and 3D printing leader Stratasys.

Who founded Desktop Metal?

Ric Fulop is the CEO and co-founder of Desktop Metal, a company committed to accelerating the transformation of manufacturing with end-to-end metal 3D printing solutions.

Is Desktop Metal undervalued?

Desktop Metal shows a prevailing Real Value of $4.92 per share. The current price of the firm is $2.1. Based on Macroaxis valuation methodology, the firm appears to be undervalued.

Is Desktop Metal a buy or sell?

Desktop Metal has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Is desktop metals a good stock to buy?

A rating of 73 puts Desktop Metal Inc (DM) near the top of the Technology sector according to InvestorsObserver. Desktop Metal Inc’s score of 73 means that it ranks higher than 73% of stocks in the sector. In addition, its overall score of 19 ranks it higher than 19% of all stocks. DM has an Overall Score of 19.

Does Desktop Metal own forest?

Desktop Metal is a believer. In October 2020, they quietly acquired Forust, which had been founded just a year earlier in October 2019, for $2.5 million.

Is desktop metal a good company?

(DM – Get Rating) in Burlington, Mass., is speeding up the manufacturing revolution. The World Economic Forum designated Desktop Metal as one of the world’s 30 most promising Technology Pioneers, and it was also named on MIT Technology Review’s list of 50 Smartest Companies.

Is desktop metal undervalued?

Should I buy desktop metal stock Zacks?

Zacks’ proprietary data indicates that Desktop Metal, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the DM shares relative to the market in the next few months.

Is Desktop Metal going out of business?

As we advance, Desktop Metal has confirmed that it will close out the year, as an unprofitable entity, with a negative EBITDA of $80 million to $90 million.

Can wood be 3D printed?

The advantage was its greater flexibility, but with today’s wood fiber filaments, 3D printed objects can look, feel, and smell just like carved wood. Depending on the brand, you can find several different types of wood filament, like bamboo, birch, cedar, cork, ebony, olive, pine, and even coconut!

What is wood filament?

Wood-based filaments are typically a composite that combines a PLA base material with wood dust, cork, and other powdered wood derivatives. Typically, the filament consists of around 30% wood particles, but the exact number may vary depending on the brand.

Is DM a good buy?

The financial health and growth prospects of DM, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

What is wrong with Desktop Metal stock?

Summary. Desktop Metal’s shares fell 61% today, literally slicing its valuation in half. The company announced its intention to sell US$150M worth of Convertible Senior Notes maturing in 2027. Desktop Metal missed revenue by US$0.29M and came in at US$43.7M for the first quarter.

Is Desktop Metal a good company?

Can skin be 3D printed?

Researchers have developed a 3D bioprinter, which is used directly to print skin on a patient. It creates layer by layer skin structure that can help transplant skin for a burned patient from the real cell.