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 $2.18, down 2.68% from the previous day, and has decreased 68.88% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.89 percentage points. Desktop Metal stock is currently +0.93% from its 52-week low of $2.16, and -81.53% from its 52-week high of $11.80.
As of Jan 22, 2025, there are 33.34M DM shares outstanding. The market value of DM is $72.68M. In the last 24 hours, 259,895 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 1x, relative to Computer Hardware industry P/B ratio of 14.04x
You can do more valuation analysis on DM's stock here.
DM Financials at a glance
Positive Financial Indicators:
- DM has $30.84M in cash and short term investments. This is enough to cover its annual cash burn of $75.71M.
- 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 cash burn of 75709000. It does not have enough cash and short-term investments to cover this.
- DM profit margin has gone up by 0.16 percentage points in the past year, but the company is still unprofitable.
- Total DM debt is higher than 5 years ago, relative to shareholder equity.
- DM has a relatively high debt to equity ratio of 2.78.
You can dive deeper into what analysts are projecting on the Desktop Metal stock forecast page.
DM Technicals
Is DM Growing Revenue?
Last year, DM revenue was $168.28M. Over the past 5 year, DM's revenue has gone up by 51.8% per year. This was faster than the Computer Hardware industry average of 20.56%.
Find out more about DM's earnings and revenue performance here.
Are DM insiders buying or selling the stock?
Over the last 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 $909,300.00 worth of DM stock on Jan 17, 2025.
Get more info about who owns DM stock here.
Does DM stock generate passive income?
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 favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your DM trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and eToro will place the order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in DM
Now that you own some shares in DM, you'll want to keep up with your stock purchase.
Make a watchlist to see the latest developments 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 are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Desktop Metal, create a watchlist on WallStreetZen today.
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