go long Desktop Metal $DM
Technical Thesis:
-double bottom
-20 day MA on the verge of a steep cross up through the 50 day MA
-average volume is trending upwards
-it broke out with significant volume
Fundamental Thesis:
-YoY Profit margins are trending upward
-from 2018 to 2020 their debt to assets has fallen significantly
-on the Macro side, with the ability of large-scale production and companies now needing to diversify their suppliers, Desktop Metal should benefit from growing their amount of clients, increasing cash flow allowing for more R&D, paying off debt, and improving margins.
-possibility of being acquired, possibly by an automaker to improve the speed that they can produce. (like Tesla trying to acquire Velo3D)
-currently the 2nd largest holding in Cathie Wood's PRNT ETF at the time of this post. in-flows will help the stock
-they are figuring out a way to 3D print synthetic wood, which would make them an ESG play since it would reduce the need to cut down trees. Becoming an ESG play will only result in more in-flows.
-Oppenheimer and Credit Suisse initiated coverage. The street is starting to take notice.
Price Targets:
Credit Suisse: $14
Oppenheimer: no target
Sources:
forbes.com/sites/jimvinoski/2021/09/30/desktop-metals-forust-brings-3d-printing-to-wood/?sh=4ffee38e5ccf
dailyadvent.com/news/2b25ec3a9ec32671312fb4abd2382a85-Oppenheimer-Initiates-Coverage-on-Desktop-Metal-NYSEDM
streetinsider.com/Analyst+Comments/UPDATE:+Credit+Suisse+Starts+Desktop+Metal+Inc.+(DM)+at+Neutral/18603890.html
-double bottom
-20 day MA on the verge of a steep cross up through the 50 day MA
-average volume is trending upwards
-it broke out with significant volume
Fundamental Thesis:
-YoY Profit margins are trending upward
-from 2018 to 2020 their debt to assets has fallen significantly
-on the Macro side, with the ability of large-scale production and companies now needing to diversify their suppliers, Desktop Metal should benefit from growing their amount of clients, increasing cash flow allowing for more R&D, paying off debt, and improving margins.
-possibility of being acquired, possibly by an automaker to improve the speed that they can produce. (like Tesla trying to acquire Velo3D)
-currently the 2nd largest holding in Cathie Wood's PRNT ETF at the time of this post. in-flows will help the stock
-they are figuring out a way to 3D print synthetic wood, which would make them an ESG play since it would reduce the need to cut down trees. Becoming an ESG play will only result in more in-flows.
-Oppenheimer and Credit Suisse initiated coverage. The street is starting to take notice.
Price Targets:
Credit Suisse: $14
Oppenheimer: no target
Sources:
forbes.com/sites/jimvinoski/2021/09/30/desktop-metals-forust-brings-3d-printing-to-wood/?sh=4ffee38e5ccf
dailyadvent.com/news/2b25ec3a9ec32671312fb4abd2382a85-Oppenheimer-Initiates-Coverage-on-Desktop-Metal-NYSEDM
streetinsider.com/Analyst+Comments/UPDATE:+Credit+Suisse+Starts+Desktop+Metal+Inc.+(DM)+at+Neutral/18603890.html
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