QUICK BUY ALERT: BANDWIDTH (BAND), DESKTOP METAL (DM)

Although we’re on vacation, we’ve decided to take advantage of the market by adding two new stocks to our site portfolio. These additions are Bandwidth (BAND) and Desktop Metal (DM).

We’ll explain their general purpose and product for some background on the two companies. Desktop Metal is a company we’ve loved and been invested in for quite some time now. They’re a 3D printing company dedicated to creating and improving 3D printing systems. Desktop Metal has many investors, including some big names such as Google, Lowes, and Ford. Furthermore, the company has produced impressive numbers over the last year, increasing sales growth by more than 583% in 2021 alone. They reached a high of nearly $35 in February of 2021, and with the price now at a bit less than $2, we believe it’s a steal.

Next up is Bandwidth (BAND), a company focused solely on improving communication for companies, internally and externally. They can accomplish this with the aid of their carrier network, which they’ve built from the ground up, giving them complete control of the airwaves their customers communicate on; this means better quality and prices for their userbase when compared to other providers. They have broad global coverage, and they’re only getting bigger. Although the company is yet to be profitable, in 2021, its revenue grew by 64%, putting them far ahead of other companies. This statistic is important because the quicker a company’s revenue grows, the faster profit grows, meaning Bandwidth is better poised to turn a profit in the future. BAND is currently trading at approximately $19, down from its high of $198 in October of 2020. At its current price, we believe their stock is a steal.

That’s all we have for today; thank you for reading. Make sure to do your due diligence before purchasing if you choose to pursue any of these stocks. Stay positive and happy investing!