2024-06-20 07:16:42 ET
Summary
- Desktop Metal's share price has been declining due to growing financial difficulties, macro headwinds and negative investor sentiment towards additive manufacturing.
- DM stock price recently bounced significantly, although there was no clear driver. The increase only takes the stock back to where it was several weeks earlier though.
- Desktop Metal remains optimistic about the potential of its business and still has time to resolve its issues. Without a significant increase in gross margins, the company will likely continue.
Desktop Metal's ( DM ) share price has continued its steady descent in recent months, with demand headwinds and negative investor sentiment towards additive manufacturing more than offsetting the company's cost cutting progress. Desktop Metal's share price bounced significantly on the 18th of June though, increasing by nearly 60%, before declining later in the day. There was no clear reason for the move, but its size and the associated volume were highly unusual. In this case, no news appears to have been good news for Desktop Metal shareholders....
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Desktop Metal: No News Is Good News