The stock of Domo Inc. (DOMO) has gone down by -10.62% for the week, with a -6.88% drop in the past month and a 1.47% rise in the past quarter. The volatility ratio for the week is 7.76%, and the volatility levels for the past 30 days are 5.13% for DOMO. The simple moving average for the past 20 days is -11.28% for DOMO’s stock, with a -21.24% simple moving average for the past 200 days.
Is It Worth Investing in Domo Inc. (NASDAQ: DOMO) Right Now?
The 36-month beta value for DOMO is at 2.43. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for DOMO is 30.96M, and currently, shorts hold a 6.78% of that float. The average trading volume for DOMO on September 06, 2024 was 350.17K shares.
DOMO) stock’s latest price update
Domo Inc. (NASDAQ: DOMO)’s stock price has gone decline by -8.85 in comparison to its previous close of 7.57, however, the company has experienced a -10.62% decrease in its stock price over the last five trading days. zacks.com reported 2024-09-05 that Five cloud computing stocks with strong price upside potential are: DDOG, DOMO, OKTA, OLO, WDAY.
Analysts’ Opinion of DOMO
Many brokerage firms have already submitted their reports for DOMO stocks, with Lake Street repeating the rating for DOMO by listing it as a “Hold.” The predicted price for DOMO in the upcoming period, according to Lake Street is $8 based on the research report published on May 24, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see DOMO reach a price target of $10. The rating they have provided for DOMO stocks is “Neutral” according to the report published on September 22nd, 2023.
TD Cowen gave a rating of “Market Perform” to DOMO, setting the target price at $14 in the report published on August 25th of the previous year.
DOMO Trading at -11.57% 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 -43.58% of loss for the given period.
Volatility was left at 5.13%, however, over the last 30 days, the volatility rate increased by 7.76%, as shares sank -9.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.36% lower at present.
During the last 5 trading sessions, DOMO fell by -10.49%, which changed the moving average for the period of 200-days by -25.94% in comparison to the 20-day moving average, which settled at $7.74. In addition, Domo Inc. saw -32.94% 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 Thayne Daren, who sale 7,095 shares at the price of $6.85 back on Jun 21 ’24. After this action, Thayne Daren now owns 406,663 shares of Domo Inc., valued at $48,601 using the latest closing price.
Daniel Daniel David III, the Director of Domo Inc., purchase 150,000 shares at $6.87 during a trade that took place back on Jun 20 ’24, which means that Daniel Daniel David III is holding 561,400 shares at $1,030,605 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
- 0.71 for the gross margin
The net margin for Domo Inc. stands at -0.25. The total capital return value is set at 2.25.
Based on Domo Inc. (DOMO), the company’s capital structure generated -2.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at -0.73. The interest coverage ratio of the stock is -10.62.
Currently, EBITDA for the company is -30.49 million with net debt to EBITDA at -1.9. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 6.54for trailing twelve months and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In conclusion, Domo Inc. (DOMO) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
