Domo Inc. (NASDAQ: DOMO) has seen a rise in its stock price by 2.56 in relation to its previous close of 7.43. However, the company has experienced a -2.43% decline in its stock price over the last five trading sessions. Business Wire reported 2024-03-22 that SILICON SLOPES, Utah–(BUSINESS WIRE)–Today Domo (Nasdaq: DOMO) announced its chief design officer and futurist, Chris Willis, will lead a session on the Analytics & Business Intelligence (BI) stage and participate in an industry panel at the Data Universe Conference. His sessions will explore how organizations can ask better questions of data to get a greater return on their Artificial Intelligence (AI) investments, as well as contemplate what comes next from the quickly evolving technolo.
Is It Worth Investing in Domo Inc. (NASDAQ: DOMO) Right Now?
DOMO has 36-month beta value of 2.36. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DOMO is 31.60M, and currently, short sellers hold a 5.82% ratio of that float. The average trading volume of DOMO on April 26, 2024 was 415.24K shares.
DOMO’s Market Performance
DOMO stock saw a decrease of -2.43% in the past week, with a monthly decline of -14.86% and a quarterly a decrease of -32.15%. The volatility ratio for the week is 4.69%, and the volatility levels for the last 30 days are 4.11% for Domo Inc. (DOMO). The simple moving average for the past 20 days is -9.06% for DOMO’s stock, with a -29.76% simple moving average for the past 200 days.
Analysts’ Opinion of DOMO
Many brokerage firms have already submitted their reports for DOMO stocks, with DA Davidson repeating the rating for DOMO by listing it as a “Neutral.” The predicted price for DOMO in the upcoming period, according to DA Davidson is $10 based on the research report published on September 22, 2023 of the previous year 2023.
TD Cowen, on the other hand, stated in their research note that they expect to see DOMO reach a price target of $14, previously predicting the price at $20. The rating they have provided for DOMO stocks is “Market Perform” according to the report published on August 25th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to DOMO, setting the target price at $16 in the report published on January 20th of the previous year.
DOMO Trading at -20.66% from the 50-Day Moving Average
After a stumble in the market that brought DOMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.11% of loss for the given period.
Volatility was left at 4.11%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -16.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.91% lower at present.
During the last 5 trading sessions, DOMO fell by -2.43%, which changed the moving average for the period of 200-days by -50.68% in comparison to the 20-day moving average, which settled at $8.31. In addition, Domo Inc. saw -25.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOMO starting from Jolley David R, who sale 12,000 shares at the price of $8.50 back on Apr 11 ’24. After this action, Jolley David R now owns 215,543 shares of Domo Inc., valued at $102,000 using the latest closing price.
Thayne Daren, the CTO & EVP of Product of Domo Inc., sale 22,500 shares at $9.04 during a trade that took place back on Apr 04 ’24, which means that Thayne Daren is holding 343,758 shares at $203,292 based on the most recent closing price.
Stock Fundamentals for DOMO
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.75 for the gross margin
The net margin for Domo Inc. stands at -0.24. The total capital return value is set at 4.88.
Based on Domo Inc. (DOMO), the company’s capital structure generated -3.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at -0.77. The interest coverage ratio of the stock is -5.21.
Currently, EBITDA for the company is -30.49 million with net debt to EBITDA at -1.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 1.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To put it simply, Domo Inc. (DOMO) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
