DM - Desktop Metal: Evidence Points Toward Further Deterioration
2024-03-12 01:31:49 ET
Summary
- Desktop Metal is facing financial difficulties, recently announcing another round of cost-cutting and positioning itself to raise capital.
- Market headwinds, including higher interest rates and manufacturing weakness, continue to impact the Company's business.
- While the stock has been down significantly over the past 12 months, DM's valuation is still high given the problems facing the business.
Desktop Metal's ( DM ) problems appear to be escalating , with the company recently announcing another round of cost-cutting measures and delaying the release of its fourth quarter results. Dilution and a reverse stock split also appear to be on the horizon, which will likely further pressure the share price....
Desktop Metal: Evidence Points Toward Further Deterioration