Damon Inc (NASDAQ:DMN) price on Thursday, March 20, fall -7.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.12.
A look at the stock’s price movement, the close in the last trading session was $0.13, moving within a range at $0.1202 and $0.1302. Turning to its 52-week performance, $4.95 and $0.10 were the 52-week high and 52-week low respectively. Overall, DMN moved -72.39% over the past month.
Damon Inc’s market cap currently stands at around $3.35 million, with investors looking forward to this quarter’s earnings report slated for in April.
DMN’s current price about -33.88% and -71.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.78, while 7-day volatility ratio is 15.14% and 23.34% in the 30-day chart. Further, Damon Inc (DMN) has a beta value of 0, and an average true range (ATR) of 0.05.
If we refocus on Damon Inc (NASDAQ:DMN), historical trading data shows that trading volumes averaged 14.55 over the past 10 days and 4.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 21.52 million shares.
The 23.59% of Damon Inc’s shares are in the hands of company insiders while institutional holders own 1.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.22 million on 2025-02-28, giving us a short ratio of 0.29. Current price change has pushed the stock -85.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DMN stock continues to rise going into the next quarter.
