Desktop Metal Stock Current Valuation
| DM Stock | USD 0.64 0.08 11.11% |
Valuation analysis of Desktop Metal helps investors to measure Desktop Metal's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 12th of May 2024, Enterprise Value is likely to grow to about 953.7 M, while Enterprise Value Over EBITDA is likely to drop (3.06). Fundamental drivers impacting Desktop Metal's valuation include:
Price Book 1.069 | Enterprise Value 336.4 M | Enterprise Value Ebitda (1.18) | Price Sales 1.3618 | Enterprise Value Revenue 1.6754 |
Undervalued
Today
Please note that Desktop Metal's price fluctuation is abnormally volatile at this time. Calculation of the real value of Desktop Metal is based on 3 months time horizon. Increasing Desktop Metal's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Desktop Metal is useful when determining the fair value of the Desktop stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Desktop Metal. Since Desktop Metal is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Desktop Stock. However, Desktop Metal's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 0.64 | Real 1.19 | Target 2.87 | Hype 0.68 | Naive 0.71 |
The real value of Desktop Stock, also known as its intrinsic value, is the underlying worth of Desktop Metal Company, which is reflected in its stock price. It is based on Desktop Metal's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Desktop Metal's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Desktop Metal's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Desktop Metal helps investors to forecast how Desktop stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Desktop Metal more accurately as focusing exclusively on Desktop Metal's fundamentals will not take into account other important factors: Desktop Metal Company Current Valuation Analysis
Desktop Metal's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Desktop Metal Current Valuation | 336.41 M |
Most of Desktop Metal's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Desktop Metal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Desktop Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Desktop Metal is extremely important. It helps to project a fair market value of Desktop Stock properly, considering its historical fundamentals such as Current Valuation. Since Desktop Metal's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Desktop Metal's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Desktop Metal's interrelated accounts and indicators.
Click cells to compare fundamentals
Desktop Current Valuation Historical Pattern
Today, most investors in Desktop Metal Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Desktop Metal's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Desktop Metal current valuation as a starting point in their analysis.
Desktop Metal Current Valuation |
| Timeline |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Desktop Metal has a Current Valuation of 336.41 M. This is 98.26% lower than that of the Electronic Equipment, Instruments & Components sector and significantly higher than that of the Information Technology industry. The current valuation for all United States stocks is 97.98% higher than that of the company.
Desktop Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Desktop Metal's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Desktop Metal could also be used in its relative valuation, which is a method of valuing Desktop Metal by comparing valuation metrics of similar companies.Desktop Metal is currently under evaluation in current valuation category among related companies.
Desktop Fundamentals
| Return On Equity | -0.84 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (1.70) % | ||||
| Operating Margin | (0.54) % | ||||
| Current Valuation | 336.41 M | ||||
| Shares Outstanding | 330.17 M | ||||
| Shares Owned By Insiders | 23.26 % | ||||
| Shares Owned By Institutions | 47.89 % | ||||
| Number Of Shares Shorted | 65.01 M | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 1.36 X | ||||
| Revenue | 189.7 M | ||||
| Gross Profit | 20.99 M | ||||
| EBITDA | (103.65 M) | ||||
| Net Income | (323.27 M) | ||||
| Cash And Equivalents | 76.29 M | ||||
| Cash Per Share | 0.81 X | ||||
| Total Debt | 143.95 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 4.32 X | ||||
| Book Value Per Share | 0.74 X | ||||
| Cash Flow From Operations | (115 M) | ||||
| Short Ratio | 18.22 X | ||||
| Earnings Per Share | (1.00) X | ||||
| Price To Earnings To Growth | (0.14) X | ||||
| Target Price | 1.03 | ||||
| Number Of Employees | 950 | ||||
| Beta | 0.7 | ||||
| Market Capitalization | 211.84 M | ||||
| Total Asset | 498.64 M | ||||
| Retained Earnings | (1.63 B) | ||||
| Working Capital | 146.03 M | ||||
| Current Asset | 95.8 M | ||||
| Current Liabilities | 60 M | ||||
| Net Asset | 498.64 M |
About Desktop Metal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Desktop Metal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Desktop Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Desktop Metal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Desktop Metal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Desktop Metal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Desktop Metal will appreciate offsetting losses from the drop in the long position's value.Moving against Desktop Stock
| 0.75 | ADTN | ADTRAN Inc Financial Report 13th of May 2024 | PairCorr |
| 0.74 | IONQ | IONQ Inc | PairCorr |
| 0.59 | AAPL | Apple Inc Financial Report 1st of August 2024 | PairCorr |
| 0.54 | HLIT | Harmonic Financial Report 13th of May 2024 | PairCorr |
| 0.53 | NTCT | NetScout Systems Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to Desktop Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desktop Metal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Desktop Metal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Desktop Metal to buy it.
The correlation of Desktop Metal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Desktop Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desktop Metal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Desktop Metal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Desktop Metal Piotroski F Score and Desktop Metal Altman Z Score analysis. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Desktop Stock analysis
When running Desktop Metal's price analysis, check to measure Desktop Metal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Desktop Metal is operating at the current time. Most of Desktop Metal's value examination focuses on studying past and present price action to predict the probability of Desktop Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desktop Metal's price. Additionally, you may evaluate how the addition of Desktop Metal to your portfolios can decrease your overall portfolio volatility.
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Is Desktop Metal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Desktop Metal. If investors know Desktop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 0.589 | Quarterly Revenue Growth (0.14) | Return On Assets (0.16) | Return On Equity (0.84) |
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Desktop Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.