Domo Inc [NASDAQ: DOMO] surged by $0.14 during the normal trading session on while it closed the day at $7.26.
Domo Inc stock has also gained 6.76% of its value over the past 7 days. However, DOMO stock has declined by -2.81% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.97% and gained 2.54% year-on date.
The market cap for DOMO stock reached $283.92 million, with 35.84 million shares outstanding and 32.36 million shares in the current float. Compared to the average trading volume of 312.88K shares, DOMO reached a trading volume of 262354 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Domo Inc [DOMO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOMO shares is $10.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOMO stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Domo Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 24, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price to Neutral. The new note on the price target was released on September 22, 2023, representing the official price target for Domo Inc stock. Previously, the target price had yet another drop from $20 to $14, while TD Cowen kept a Market Perform rating on DOMO stock. On January 20, 2023, analysts decreased their price target for DOMO shares from 24 to 16.
The Average True Range (ATR) for Domo Inc is set at 0.32, with the Price to Sales ratio for DOMO stock in the period of the last 12 months amounting to 0.89.
DOMO stock trade performance evaluation
Domo Inc [DOMO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.76. With this latest performance, DOMO shares dropped by -2.02% in over the last four-week period, additionally sinking by -4.97% over the last 6 months – not to mention a drop of -22.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOMO stock in for the last two-week period is set at 48.10, with the RSI for the last a single of trading hit 54.75, and the three-weeks RSI is set at 46.14 for Domo Inc [DOMO]. The present Moving Average for the last 50 days of trading for this stock 8.07, while it was recorded at 6.89 for the last single week of trading, and 7.68 for the last 200 days.
Domo Inc [DOMO]: An insightful look at the core fundamentals
Domo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.46.
Domo Inc [DOMO]: Institutional Ownership
There are presently around $73.88%, or 79.28%% of DOMO stock, in the hands of institutional investors. The top three institutional holders of DOMO stocks are: VANGUARD GROUP INC with ownership of 5.01 million shares, which is approximately 13.3635%. BLACKROCK INC., holding 3.27 million shares of the stock with an approximate value of $$25.27 million in DOMO stocks shares; and BLACKROCK INC., currently with $$18.38 million in DOMO stock with ownership which is approximately 6.3505%.
