Domo, Inc. (DOMO) Stock: Here’s What’s Happening

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Domo, Inc. (DOMO) is trending down in the market today. The company, focused in the tech space, is currently priced at $28.67 after a move down of -6.86% so far today. In terms of tech companies, there are a number of aspects that have the ability to generate declines in the market. News is one of the most common reasons for movement. Here are the recent stories associated with DOMO:

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Jun-20-19 09:46AM Slack Leads Bottom-Up Evolution in Corporate Tech
Jun-18-19 09:00AM Domo Named an Overall Leader in 2019 Dresner Wisdom of Crowds® BI Market Study
Jun-13-19 09:00AM Domo Launches Domo for Amazon Web Services
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

However, any time investors are making a decision to invest, investors should look at far more than news, this is especially the case in the ever changing tech sector. Here’s what’s going on with Domo, Inc..

How DOMO Has Been Trending

While a single session decline, like what we’re seeing from Domo, Inc. may make some investors upset, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to look at trends experienced by the stock beyond a single session. When it comes to DOMO, below are the movements that we have seen:

  • Past Seven Days – Throughout the past 7 days, DOMO has generated a price change in the amount of -6.37%.
  • Past Month – The performance from Domo, Inc. in the last month comes to -17.90%.
  • Past 3 Months – Over the last quarter, the company has produced a return that works out to -34.21%
  • Past Six Months – In the previous six months, we’ve seen a performance of 56.75% from the stock.
  • This Year So Far – Since the open of this year DOMO has generated a return on investment of 46.05%.
  • Full Year – Lastly, over the past year, we’ve seen a change amounting to 0 from DOMO. Throughout this period of time, the stock has sold at a high of -39.10% and a low price of 115.89%.

Ratios To Watch

Looking at various key ratios having to do with a company can give prospective traders a look of just how risky and/or rewarding a stock pick may be. Here are a few of the key ratios to consider when digging into DOMO.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. As the ratio goes higher, it shows that more investors believe that the value of the stock is going to go down. Throughout the sector, strong tech stocks tend to come with a lower short ratio. However, we tend to see a lot of short squeezes in the sector. Nonetheless, in relation to Domo, Inc., it’s short ratio amounts to 2.93.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure the company’s abilities to pay for its debts as they mature using current assets or quick assets. In the technology sector, several companies rely heavily on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, several better companies in the technology sector come with good quick and current ratios. As it relates to DOMO, the quick and current ratios total up to 1.70 and 1.70 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio is 0.80.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value comes to 5.71.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in DOMO, here’s what we’re seeing:

Institutions own 86.20% of the company. Institutional interest has moved by 7.90% over the past three months. When it comes to insiders, those who are close to the company currently own 1.40% percent of DOMO shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Domo, Inc.

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own thoughts before making investment decisions in the tech space. Here are the recent moves that we’ve 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

Financial Performance

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 27.70% and revenue has seen movement of 27.90%.

What’s The Float Looking Like?

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 26.99M 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 16.19M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to DOMO, the short percent of the float is 15.78%.

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