Desktop Metal: The Recovery Isn't Over Yet

Sep. 14, 2022 6:49 AM ETDesktop Metal, Inc. (DM) StockDM15 Comments
Wright's Research
5.36K Followers

Summary

  • Desktop Metal stock is up more than 133.6% since our last buy recommendation, compared with 1.94% for the S&P 500.
  • Insiders and institutions have bought DM stock because they perceive it to be undervalued.
  • We think that Desktop Metal's recovery is by no means over, and that the stock is poised for another surge.
  • The fundamentals are advancing in the right direction, which may finally provide a clear path to profitability.

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In our last article, we explained why Desktop Metal (NYSE:DM), despite some problems, should still be considered a buy. Since the publication of that article, shares of Desktop Metal have risen a whopping 133.57% in just 4

This article was written by

5.36K Followers
Wright's Research employs a disciplined, long-term approach rooted in contrarian thinking and unorthodox strategies. Our insights are grounded in fundamental analysis and the principles of value investing, allowing us to uncover overlooked opportunities and challenge prevailing market narratives. By prioritizing rational, forward-looking assessments, we aim to guide investors toward sustainable, value-driven decisions in an ever-evolving economic landscape.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of DM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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