How to Buy Desktop Metal Stock
Desktop Metal Inc
Desktop Metal, Inc. manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific.
Desktop Metal stock last closed at $0.84, down 2.34% from the previous day, and has decreased 62.72% in one year. It has underperformed other stocks in the Computer Hardware industry by 1.99 percentage points. Desktop Metal stock is currently +83.52% from its 52-week low of $0.46, and -63.7% from its 52-week high of $2.30.
As of Apr 24, 2024, there are 329.64M DM shares outstanding. The market value of DM is $275.25M. In the last 24 hours, 1.49M DM shares were traded.
How to Buy Desktop Metal Stock
Not sure how to invest in Desktop Metal stock? Here's how.
- Choose where to buy Desktop Metal stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Desktop Metal stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your details.
- Evaluate Desktop Metal stock: The Desktop Metal ticker symbol is DM. Is Desktop Metal stock a good investment? Should you buy shares of DM? How do DM's underlying business fundamentals look? Do top analysts think Desktop Metal is a good buy? Why has DM's stock price moved recently? (Hint: Our stock research website can help you decide if DM is a good stock to buy).
- Execute your DM trade: Decide if you will purchase DM shares at the current market price or use a limit order to buy DM stock at a specific price.
- Keep tabs on your investment in DM: Create a watchlist to get live updates on your new investment in Desktop Metal shares.
Step 1: Choose where to buy Desktop Metal stock
You will need a brokerage account to access the NYSE market and buy DM stock.
Our preferred brokerage: eToro
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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you can invest in DM stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on app for investing, your next step is to transfer the money for your investment:
Watch the video below if you need help depositing money into your new brokerage account.
Step 4: Evaluate Desktop Metal stock
After you have chosen the best place to buy Desktop Metal stock, it's absolutely critical to analyze their stock before you buy, so you can understand the risk as well as the opportunity.
Overview of key DM info
Desktop Metal Overview
WallStreetZen was designed to help average investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on DM's stock page.
Is DM stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DM's true value.
Using relative valuations ratios:
- DM could be undervalued based on its P/B ratio of 1.14x, relative to Computer Hardware industry P/B ratio of 13.22x
You can do more valuation analysis on DM's stock here.
DM Financials at a glance
Positive Financial Indicators:
- Total DM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the DM balance sheet.
- There are more short-term assets than short-term liabilities on the DM balance sheet.
Negative Financial Indicators:
- DM has $84.70M in cash and short term investments. This is not enough to cover its annual cash burn of $107.82M.
- DM profit margin has gone up by 1.84 percentage points in the past year, but the company is still unprofitable.
- DM has a relatively high debt to equity ratio of 0.9.
- DM has cash burn of 107815000. It does not have enough cash and short-term investments to cover this.
Is it a good time to buy DM stock, according to analysts?
Out of 1 sell side analysts who give ratings on DM, the consensus analyst rating on DM is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Desktop Metal stock forecast page.
DM Technical Indicators
DM Growth Numbers
Last year, DM revenue was $189.70M. During the past five year, DM's revenue has gone up by 183.6% per year. This was faster than the Computer Hardware industry average of 9.07%.
Find out more about DM's earnings and revenue performance here.
What are DM executives and large shareholders up to?
Over the past 12 months, insiders at DM have bought more shares than they have sold.
Farhad Fred Ebrahimi, 10% Owner of DM, was the latest DM insider to buy. They bought $500.00 worth of DM shares on Apr 23, 2024.
Learn more about who owns DM shares here.
Does DM provide a stable income stream?
No, Desktop Metal doesn't provide an income stream by paying out dividends.
DM Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your DM trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in DM
Now that you own some DM shares, you'll want to stay up-to-date on your stock purchase.
Add DM to a watchlist to get notified of the latest news about your DM stock.
DM Feed
How to Buy Stock in Desktop Metal
To summarize, here are the 6 steps you need to take to buy Desktop Metal stock right now:
- Choose where to buy Desktop Metal stock
- Open a brokerage account
- Put funds into your brokerage account
- Evaluate Desktop Metal stock
- Execute your DM trade
- Keep tabs on your investment in DM
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your investment in Desktop Metal, create a watchlist today.
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