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Wednesday, March 22, 2023

Make Sure You Stick With Domo Inc. (DOMO). It’s Bull Time Again

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Domo Inc. (DOMO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.59, or 4.41%, to $13.97. The Domo Inc. has recorded 15,917 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Domo Announces Fourth Quarter and Fiscal 2023 Financial Results.


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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $13.38 and fluctuated between $14.01 as its day high and $13.05 as its day low. The current market capitalization of Domo Inc. is $448.50M. A total of 1.12 million shares were traded on the day, compared to an average of 742.68K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, DOMO has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 16,199 shares. Over the last 12 months, there were 18 BUYs and 27 SELLs from insiders. Insiders purchased 554,722 shares during that period but sold 385,543.

In the most recent transaction, Wong Catherine sold 3,750 shares of DOMO for 13.96 per share on Dec 22. After the transaction, the Chief Operating Officer now owns 295,008 company shares. In a previous transaction on Dec 21, MELLOR JOHN M sold 6,924 shares at 14.65 per share. DOMO shares that CEO owns now total 365,353.

Among the insiders who sold shares, Felt Bruce C. Jr. disposed of 5,525 shares on Dec 21 at a per-share price of $14.69. This resulted in the Chief Financial Officer holding 248,669 shares of DOMO after the transaction. In another insider transaction, James Joshua G sold 43,471 shares at $13.29 per share on Nov 28. Company shares held by the 10% Owner now total 105,092.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DOMO in the last 3 months, the mean price target is $21.75 with high estimates of $30.00 and low estimates of $16.00. In terms of 52-week highs and lows, DOMO has a high of $57.41 and a low of $11.35.

As of this writing, DOMO has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.26 in the last quarter, which was 21.20% higher than expectations of -$0.33.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOMO is Overweight with a score of 4.60. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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