Is Desktop Metal Inc (DM) Stock About to Get Hot Monday?

Overall market sentiment has been high on Desktop Metal Inc (DM) stock lately. DM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Desktop Metal Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DM!

See Full DM Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DM Stock Today?

Desktop Metal Inc (DM) stock is trading at $3.25 as of 10:25 AM on Monday, Aug 15, a loss of -$0.09, or -2.7% from the previous closing price of $3.34. The stock has traded between $3.23 and $3.34 so far today. Volume today is low. So far 836,873 shares have traded compared to average volume of 6,415,778 shares. To screen for more stocks like Desktop Metal Inc click here.

More About Desktop Metal Inc

Desktop Metal Inc manufactures 3-dimensional printers to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). Click Here to get the full Stock Report for Desktop Metal Inc stock.