The trading price of Damon Inc (NASDAQ:DMN) closed lower on Tuesday, March 25, and closing at $0.03, -19.50% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.032 and $0.037. In examining the 52-week price action we see that the stock hit a 52-week high of $4.95 and a 52-week low of $0.04. Over the past month, the stock has lost -89.40% in value.
Damon Inc, whose market valuation is $1.01 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
A quick review shows that DMN’s price is currently -78.29% off the SMA20 and -91.67% off the SMA50. The RSI metric on the 14-day chart is currently showing 15.71, and weekly volatility stands at 19.15%. When measured over the past 30 days, the indicator reaches 23.15%. Damon Inc (NASDAQ:DMN)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.04.
To see how Damon Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DMN stock’s performance was -19.50% in the latest trading.
An evaluation of the daily trading volume of Damon Inc (NASDAQ:DMN) indicates that the 3-month average is 13.41 million. However, this figure has increased over the past 10 days to an average of 77.39.
Currently, records show that 31.42 million of the company’s shares remain outstanding. The insiders hold 23.59% of outstanding shares, whereasinstitutions hold 0.94%. The stats also highlight that short interest as of 2025-03-14, stood at 3.81 million shares, resulting in a short ratio of 0.33 at that time. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 0.12 million. However, since the stock’s price has seen -96.21% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
