Overall market sentiment has been down on Desktop Metal Inc (DM) stock lately. DM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Desktop Metal Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DM!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With DM Stock Today?
Desktop Metal Inc (DM) stock is trading at $1.25 as of 10:06 AM on Monday, Oct 9, a decline of -$0.03, or -2.73% from the previous closing price of $1.28. The stock has traded between $1.22 and $1.28 so far today. Volume today is below average. So far 170,339 shares have traded compared to average volume of 2,690,041 shares.
To see InvestorsObserver's Sentiment Score for 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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
