Desktop Metal(DM)

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Escape the Valley: 3 Smaller Tech Stocks Trump and Vance Are More Likely to Love
Investor Place· 2024-07-23 10:30
To be 100% clear, I'm not entirely sure what small equities the former real estate mogul would want to support. I think it's safe to say, though, Trump's opinions will matter more than Vance's, a former "never Trump" Republican. Inseego (INSG) Inseego (NASDAQ:INSG) just might be one of the smaller tech stocks that might thrive under Trump's leadership. In the past, Trump has discussed expanding 5G deployment. And that's what Inseego specializes in, providing mobile and Internet-of-Things (IoT) solutions, in ...
Wall Street Analysts Think Desktop Metal (DM) Could Surge 370.58%: Read This Before Placing a Bet
ZACKS· 2024-07-08 17:50
Shares of Desktop Metal, Inc. (DM) have gained 2.7% over the past four weeks to close the last trading session at $5.03, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $23.67 indicates a potential upside of 370.6%. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's ...
Kuehn Law Encourages DM, SHCR, MOR, and ALE Investors to Contact Law Firm
Prnewswire· 2024-07-08 12:03
Group 1 - Kuehn Law, PLLC is investigating potential claims related to proposed mergers to ensure shareholder interests are protected [1][4][5] - Sharecare, Inc. has agreed to sell to an affiliate of Altaris, LLC, with shareholders receiving $1.43 in cash per share [1] - Allete, Inc. has entered into a definitive agreement to merge with Canada Pension Plan Investment Board and Global Infrastructure Partners for $67.00 per share in cash [2] - Desktop Metal, Inc. will be acquired by Nano Dimension, Ltd., with shareholders receiving $5.50 per share [4] - MorphoSys AG has agreed to merge with Novartis for €68.00 per share in cash [5] Group 2 - Kuehn Law is focused on whether the boards of the involved companies acted to maximize shareholder value and disclosed material information [1] - Shareholders are encouraged to participate in the investigation to contribute to the integrity and fairness of financial markets [6]
Imagine Health Centres Welcomes Two New Physicians
Newsfile· 2024-06-26 12:00
Company Overview - Datametrex AI Limited is an innovative leader in Technology Solutions, Artificial Intelligence, Healthcare, and Mobile Gaming, dedicated to enhancing operational efficiencies and business outcomes through cutting-edge technology [6] - Imagine Health Centres operates multidisciplinary medical clinics in Edmonton and Calgary, offering a wide range of healthcare services including family medicine, pharmacy, telehealth, physiotherapy, and specialized medical services [15] Recent Developments - The company has announced the addition of two new physicians to Imagine Health, which is expected to increase annual revenue by approximately $450,000 and gross margin by $130,000 [14] - The new physicians are expected to positively impact patient care and align with the company's mission to provide high-quality healthcare services [11][14] Commitment to Healthcare - The addition of experienced physicians underscores the company's commitment to comprehensive healthcare solutions and improving patient outcomes in the Alberta community [1]
3 Penny Stocks to Buy Now: June 2024
Investor Place· 2024-06-21 11:22
Core Viewpoint - Penny stocks are characterized by high risk due to low trading volumes and precarious financial standings, but they can offer significant returns for discerning investors [1][2]. Group 1: Company Developments - Desktop Metal has introduced platinum 3D printing for jewelry production in collaboration with Legor Alloys, overcoming challenges related to the metal's hardness and melting point, which could lead to innovative designs [3]. - The Metals Company has potential resources to meet the material needs of up to 280 million electric vehicles, with analysts predicting a breakeven point by 2026, making it a compelling near-term investment [6]. - iRobot, while not strictly a penny stock, has a modest market cap of $270 million and is positioned for a comeback in the robotics sector, driven by its extensive patent portfolio and innovative technology [7][16]. Group 2: Market Trends and Investment Insights - The recent 1-for-10 reverse split executed by Desktop Metal may signal a resurgence, as the stock price increased by 32% following the split [12]. - The Metals Company announced a breakthrough in extracting battery-grade nickel from deep-sea sources, which could enhance its operational prospects [15]. - Investors should carefully evaluate a company's operational prospects and market demand to avoid "pump and dump" traps in penny stocks [10].
All You Need to Know About Desktop Metal (DM) Rating Upgrade to Buy
ZACKS· 2024-06-14 17:01
Most Powerful Force Impacting Stock Prices The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. Individual investors often find it hard to make dec ...
Down -34.03% in 4 Weeks, Here's Why Desktop Metal (DM) Looks Ripe for a Turnaround
ZACKS· 2024-06-14 14:36
Core Viewpoint - Desktop Metal, Inc. (DM) is experiencing a potential turnaround as analysts raise earnings estimates, despite a recent decline in stock price due to selling pressure [1][2]. Group 1: Stock Performance - DM has lost 34% of its value over the past four weeks, indicating significant selling pressure [2]. - The stock is currently in oversold territory, with an RSI reading of 22.39, suggesting a potential reversal in trend [3][4]. Group 2: Earnings Estimates - Over the last 30 days, the consensus EPS estimate for DM has increased by 2.7%, reflecting a positive outlook from sell-side analysts [1]. - DM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [1]. Group 3: Technical Indicators - The Relative Strength Index (RSI) is used to identify oversold conditions, with a reading below 30 typically indicating a stock is oversold [3]. - The current RSI reading for DM suggests that the heavy selling may be exhausting itself, indicating a potential for price recovery [3][4].
Datametrex Completes Acquisition of Cereal Crunch Mobile Blockchain Game from Sariel Diagnostics
newsfilecorp.com· 2024-05-28 12:00
Core Insights - Datametrex AI Limited has completed the acquisition of the mobile blockchain game Cereal Crunch from Sariel Diagnostics Corp, marking a strategic move into the e-gaming and blockchain sectors [1][2][3] Acquisition Details - The acquisition includes all assets related to Cereal Crunch, such as game software, intellectual property, user databases, and the Crunch Token, along with approximately $150,000 in cash [2] - The total purchase price for the acquisition was $3,500,000, which consisted of 70,000,000 common shares of Datametrex issued at a deemed price of $0.05 per share [2] Gaming Innovation - Cereal Crunch features match-3 mechanics and a play-to-earn model that rewards players with cryptocurrency, combining gaming entertainment with crypto earning potential [3] - The acquisition aligns with Datametrex's strategic focus on innovative technologies, indicating significant growth potential in the e-gaming and blockchain sectors [3] Company Background - Datametrex is recognized as a leader in Technology Solutions, Artificial Intelligence, Healthcare, and Mobile Gaming, focusing on enhancing operational efficiencies and business outcomes through innovative tools [4] - Sariel is noted for its commitment to developing play-to-earn blockchain games and advanced AI solutions [5]
The Time Traveler's Portfolio: 3 Stocks to Buy Now for Massive Returns by 2034
investorplace.com· 2024-05-23 19:41
Group 1: Mind Medicine (MNMD) - Mind Medicine is positioning itself as a significant competitor in the pharmaceutical space, particularly in the treatment of depression and anxiety [3][4] - The company received breakthrough therapy designation from the FDA for its LSD-based anxiety treatment, showing a 65% improvement in patient outcomes after 12 weeks [4] - Mind Medicine plans to advance its LSD anxiety treatment into Phase III trials later this year, with additional treatments in its pipeline, making it a notable small-cap stock for diversification [5] Group 2: Desktop Metal (DM) - Desktop Metal operates in the small-cap and penny stock market, priced below $1 per share with a market cap under $200 million, yet it has strong growth potential [7] - The company's healthcare subsidiary, Desktop Health, launched a subscription-based platform called ScanUp targeting dental professionals, aiming to modernize dental practices [8] - This initiative targets a large untapped market, as many dentists in the U.S. have not adopted intraoral scanning, providing Desktop Metal with opportunities for recurring revenue and long-term price appreciation [8][9] Group 3: Tesla (TSLA) - Tesla is viewed as a strong long-term investment opportunity despite recent challenges, driven by Elon Musk's leadership and vision [11] - The company is diversifying its revenue streams, with a 25% increase in services and a 7% rise in energy generation and storage sales, indicating potential for future growth [12] - Tesla's exploration of artificial intelligence and robotics within its ecosystem is seen as a long-term growth opportunity, similar to its past decade of stock performance [13]
Datametrex Announces Disposition of Shares of New World Solutions Inc.
newsfilecorp.com· 2024-05-22 20:30
Datametrex Announces Disposition of Shares of New World Solutions Inc. May 22, 2024 4:30 PM EDT | Source: Datametrex AI Limited Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") announces that it has filed an early warning report (the "Early Warning Report") pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection wi ...