In a report released today, Greg Palm from Craig-Hallum maintained a Hold rating on Desktop Metal (DM – Research Report), with a price target of $1.00. The company’s shares closed yesterday at $1.76.
According to TipRanks, Palm is a 4-star analyst with an average return of 7.5% and a 50.56% success rate. Palm covers the Industrial Goods sector, focusing on stocks such as Symbotic, Markforged Holding, and Bluelinx Holdings.
Desktop Metal has an analyst consensus of Hold, with a price target consensus of $2.13, representing a 21.02% upside. In a report released on May 11, Credit Suisse also maintained a Hold rating on the stock with a $2.00 price target.
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The company has a one-year high of $3.65 and a one-year low of $1.13. Currently, Desktop Metal has an average volume of 4.11M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DM in relation to earlier this year.
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Trine Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 26, 2018 and is headquartered in New York, NY.
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