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Why Desktop Metal Stock Dropped 12% Today, Then Rebounded


The stock of
Desktop Metal (NYSE:DM) dropped as much as 12% in early trading this morning after the 3D-printing company reported first-quarter financial results last night. But the stock quickly recovered most of its losses and was down only 5.7% as of 10 a.m. EDT on Tuesday.
Image source: Getty Images.
So what
Analysts had forecast a money-losing first quarter for Desktop Metal, with $0.12 per share in losses on sales of $9.4 million. The actual results were mixed: a loss of $0.25 per share, on booked sales of $11.3 million.  
In fact, Desktop s sales surged 35% sequentially from the prior quarter, and more than tripled year over year when compared to first-quarter 2020 results. Although losses grew as well (worsening from $0.14 in the year-ago quarter), that seems to have been more a consequence of the company s IPO driving up general and administrative costs, and the noncash negative change in fair value of warrant liability also associated with the IPO. ....

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Why 3D Systems, Stratasys, and Desktop Metal Stocks All Popped 10% (Or More) Today


Author Bio
I like things that go boom. Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered and continue to cover everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.
What happened
For the third day in a row, 3D printing stocks are rocketing higher today and in unison with ....

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Why Stratasys Stock Popped 12.5% Today


Shares of 3D-printer maker
Stratasys (NASDAQ:SSYS) jumped in Tuesday trading, closing the day up 12.5%. You can thank Stifel Nicolaus for that.
So what
Stifel initiated coverage of Stratasys stock with a buy rating this morning, assigning the stock a $40 price target. The analyst explained that, [W]e like the company s simplified strategy, as it takes a step back to focus on maximizing its leading position in the polymers market as opposed to newer 3D-printer makers such as Desktop Metals, which are focusing on the construction of hardier all-metal objects from additive manufacturing.
While the growth outlook for the polymer industry may be lower than that of metals, noted Stifel in a note covered on StreetInsider.com, Stratasys s mature business can leverage its existing infrastructure, including its best-in-class reseller network [to sell] refreshed and new technologies to its existing customer base. ....

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Why Proto Labs Stock Jumped Another 12% Today


Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of machining, injection-molding, and 3D printing company
Proto Labs (NYSE:PRLB) were up another 12% today, bringing its gains for the month of December to almost 34%. 
Some of the recent gains may be attributable to excitement around a special purpose acquisition company (SPAC) merger in the sector.  ....

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Desktop Metal Announces Appointment of Scott Dussault as New Director Following Recent Election of Stephen Nigro


News Category Global Banking & Finance Reviews
Desktop Metal Announces Appointment of Scott Dussault as New Director Following Recent Election of Stephen Nigro
Desktop Metal Announces Appointment of Scott Dussault as New Director Following Recent Election of Stephen Nigro
Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced the appointment of Scott Dussault to its Board of Directors effective as of December 18, 2020. Dussault was also appointed to serve on the Audit Committee of the Board as its Chairman. Dussaults appointment follows the recent election of Stephen Nigro to the Board of Directors effective as of the closing of its recent business combination with Trine Acquisition Corp. on December 9, 2020. ....

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