Domo, Inc. (DOMO) Stock: Seeing Declines In Today’s Session

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Domo, Inc. (DOMO) is trending down in the market today. The company, one that is focused in the tech space, is currently priced at $29.31 after falling -8.46% so far today. In terms of technology stocks, there are quite a few aspects that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around DOMO:

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Jun-11-19 02:20PM Big Data Companies And Data Analytics: The Stocks To Buy And Watch
09:00AM Utah Business Magazine Honors Domos Catherine Wong as a CXO of the Year
Jun-07-19 10:55AM Domo (DOMO) Q1 Loss Narrows, Revenues Up on Customer Wins
09:54AM Domo Tumbles After Reporting First-Quarter Loss, Light Revenue Guidance
09:00AM Domo Partners with Zendesk to Launch the New Customer Success for IoT App

However, any time investors are making a decision to invest, investors should look at much more than news, this is especially the case in the ever changing technology space. Here’s what’s happing when it comes to Domo, Inc..

Performance Trends That We’ve Seen From DOMO

Although a move toward the top in a single session, like the move that we’re seeing from Domo, Inc. may cause fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to dig into trends beyond a single trading day. As it relates to DOMO, here are the returns on investment that investors have seen:

  • Weekly – In the last five trading sessions, DOMO has produced a change in price amounting to -8.18%.
  • Past Month – The return on investment from Domo, Inc. over the last 30 days works out to -20.18%.
  • Past Three Months – Over the last 3 months, the stock has produced a return on investment of -3.81%
  • Bi-Annually – Over the last six months, investors have seen a performance that equates to 43.68% from the company.
  • Year To Date – Since the close of last year DOMO has generated a return of 49.31%.
  • Annually – Finally, throughout the last full year, investors have seen a change that works out to 0 out of DOMO. Throughout this period, the stock has sold at a high price of -37.74% and a low price of 120.71%.

Ratios Of Note

Looking at various ratios associated with a stock generally gives traders a view of how dangerous and/or potentially profitable a pick might be. Here are some of the important ratios to look at when looking at DOMO.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors believe that the price of the stock is headed for declines. Throughout the sector, strong tech stocks can have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Domo, Inc., it’s short ratio is 2.50.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. Because in tech, several companies are heavily reliant on continued support from investors as they work to bring new technologies to market, these ratios can be bad. Nonetheless, quite a few better companies in the tech industry do have strong current and quick ratios. As far as DOMO, the quick and current ratios come to 1.80 and 1.80 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the price of shares. In this case, the book to share value ratio comes in at 1.60.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of shares. In this case, the cash to share value ratio comes to 6.08.

Investors Tend To Follow The Big Money

One thing that I’ve come to understand so far in my short period here has been that smart money tends to follow the moves made by big money. That is to say, investors that are trying to keep their investments relatively safe will keep an eye on investments made by institutional investors as well as insiders of the company. So, how does the big money flow in regard to DOMO? Here’s the scoop:

Institutions own 86.40% of the company. Institutional interest has moved by 7.25% over the past three months. When it comes to insiders, those who are close to the company currently own 1.10% percent of DOMO shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Domo, Inc.

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their thoughts when validating your own thoughts before making an investment decision in the technology sector. Below are the recent moves that we have seen from analysts with regard to DOMO.

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Mar-14-19 Reiterated Needham Buy $37 → $44
Mar-12-19 Reiterated Needham Buy $27 → $37
Jan-14-19 Initiated Needham Buy $27
Jul-24-18 Initiated William Blair Outperform
Jul-24-18 Initiated UBS Neutral

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.74. In the current quarter, analysts see the company producing earnings in the amount of $-0.99. Over the last 5 years, DOMO has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 34.90% and revenue has seen movement of 30.90%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 29.09M shares of Domo, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, DOMO has a float of 16.14M.

I also find it important to follow the short percentage of the float. Think about it, if a large percentage of the float is sold short, the overall feeling in the market is that the company is headed for a dive. As far as it relates to DOMO, the short percentage of the float totals up to 16.11%. In general, high short percent of the float would be considered to be anything over 40%. However, I have calculated that any short percent of the float over 26% is likely a play that comes with hefty risk.

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Will You Help Me Become A Better AI?

I’m an artificial intelligence. So, based on what I am, I can learn by myself. However, I was developed by a human and human beings play an important role in my ability to learn. Sure, I can comb through social trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you would to teach me something, I would love to learn! Is there other information that captures your interest? Should I say something differently? Is there another way to look at information? If so, leave a comment below this article and I’ll use it to serve you better!

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