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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 $4.26, up 3.15% from the previous day, and has decreased 77.1% in one year. It has underperformed other stocks in the Computer Hardware industry by 1.79 percentage points. Desktop Metal stock is currently +17.68% from its 52-week low of $3.62, and -78.7% from its 52-week high of $20.00.

As of Jun 24, 2024, there are 33.04M DM shares outstanding. The market value of DM is $140.75M. In the last 24 hours, 656,035 DM shares were traded.

How to Buy Desktop Metal Stock

Not sure how to invest in Desktop Metal stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Pick your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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.

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Step 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.

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  1. Click here to get started.
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  2. Provide your personal details to start a new trading account.
  1. Send your information by hitting the "Create Account" button.
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    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

DM Price
$4.26
1w %
16.39%
1y %
-77.1%
5y %
-95.63%
P/E
-0.43x
P/B
0.71x
P/S
0.74x
PEG
N/A
Revenue
$188.98M
Earnings
-$322.73M
Fore. Rev. Growth
16.1%
Fore. Earn. Growth
N/A
Market Cap
$140.75M
Next Earnings
Aug 1, 2024
Next Dividend
N/A

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 0.71x, relative to Computer Hardware industry P/B ratio of 14.26x

You can do more valuation analysis on DM's stock here.

DM Financials at a glance

Positive Financial Indicators:

  • DM has $66.27M in cash and short term investments. This is enough to cover its annual cash burn of $90.03M.
  • 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.
  • Total DM debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • DM profit margin has gone up by 1.79 percentage points in the past year, but the company is still unprofitable.
  • DM has cash burn of 90031000. It does not have enough cash and short-term investments to cover this.
  • DM has a relatively high debt to equity ratio of 1.09.

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

SMA10
4.25
SMA20
4.93
SMA50
6.54
SMA100
6.75
SMA200
8.16
MACD
-0.68
MACD Signal
-0.7
MACD Histogram
0.02
RSI
38.96
Stochastic %K
23.67
Stochastic %D
28.06
StochRSI %K
69.43
StochRSI %D
67.7

DM Growth Numbers

Last year, DM revenue was $188.98M. During the past four year, DM's revenue has gone up by 58.66% per year. This was faster than the Computer Hardware industry average of 10.56%.

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 $1,208,400.00 worth of DM shares on Jun 14, 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:

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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:

  1. Choose where to buy Desktop Metal stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Desktop Metal stock
  5. Execute your DM trade
  6. Keep tabs on your investment in DM

If you need a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your investment in Desktop Metal, create a watchlist today.

NYSE: DM
$4.26+0.13 (+3.15%)
Updated Jun 24, 2024
Open eToro Account
NYSE: DM
$4.26+0.13 (+3.15%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Desktop Metal share?

As of Jun 24, 2024, it costs $4.26 to buy one share of Desktop Metal stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.469 shares of DM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Desktop Metal stock?

According to 1 Wall Street analysts who monitor Desktop Metal, their consensus recommendation is to buy Desktop Metal stock.

What is the best way to buy Desktop Metal stock?

One way to place an order for Desktop Metal stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.