InvestorsObserver is giving Desktop Metal Inc (DM) an Analyst Rating Rank of 14, meaning DM is ranked higher by analysts than 14% of stocks. The average price target for DM is $17.5 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating DM a Buy today. Find out what this means to you and get the rest of the rankings on DM!
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Desktop Metal Inc Stock Today?
Desktop Metal Inc (DM) stock is trading at $6.97 as of 10:51 AM on Tuesday, Oct 19, a rise of $0.08, or 1.16% from the previous closing price of $6.89. The stock has traded between $6.88 and $7.01 so far today. Volume today is less active than usual. So far 924,316 shares have traded compared to average volume of 4,746,456 shares.
Click Here to get the full Stock Report for Desktop Metal Inc stock.
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