Down -34.03% in 4 Weeks, Here's Why Desktop Metal (DM) Looks Ripe for a Turnaround
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for DM has increased 2.7%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, DM currently has a Zacks Rank #2 (Buy), which mea ...