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StockNews.com
StockNews.com
Business
Pragya Pandey

Should You Buy the Dip in Desktop Metal?

With an extensive array of 3D printing solutions ranging from a quick prototype to mass production, Desktop Metal, Inc. (DM) in Burlington, Mass., is speeding up the manufacturing revolution. The World Economic Forum designated Desktop Metal as one of the world's 30 most promising Technology Pioneers, and it was also named on MIT Technology Review's list of 50 Smartest Companies.

However, its shares are down 74.6% in price over the past year and 26.7% year-to-date to close yesterday's trading session at $3.63. In addition, the stock is currently trading 76.6% below its 52-week high of $15.48, which it hit on June 06, 2021. 

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