Damon Inc (NASDAQ:DMN) price closed lower on Tuesday, April 08, and dropping -14.48% below its previous close.
A look at the daily price movement shows that the last close reads $0.01, with intraday deals fluctuated between $0.0122 and $0.0137. The stock subtracted -92.95% on its value in the past month.
Damon Inc, which has a market valuation of $0.39 million, is expected to release its quarterly earnings report in May.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that DMN’s price is at present -81.75% off the SMA20 and -95.16% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 18.15, with weekly volatility standing at 24.16%. The indicator jumps to 23.75% when calculated based on the past 30 days. Damon Inc (NASDAQ:DMN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.02.
An analysis of the Damon Inc (NASDAQ:DMN) stock in terms of its daily trading volume indicates that the 3-month average is 84.97 million. However, this figure increases on the past 10-day timeline to an average of 452.95 million.
Current records show that the company has 31.42M in outstanding shares. The insiders’ percentage holdings are 19.98% of outstanding shares while the percentage share held by institutions stands at 86.87%. The stats also highlight that short interest as of 2025-03-14, stood at 3.81 million shares, which puts the short ratio at the time at 0.33. Notably, we see that shares short in March rose slightly given the previous month’s figure stood at 0.12 million. But the -98.54% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
