The trading price of Damon Inc (NASDAQ:DMN) closed higher on Monday, April 14, and closing at $0.00, 38.71% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0033 and $0.0056. Over the past month, the stock has lost -97.35% in value.
Damon Inc, whose market valuation is $0.14 million at the time of this writing, is expected to release its quarterly earnings report in May. 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 -88.24% off the SMA20 and -97.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 17.81, and weekly volatility stands at 48.39%. When measured over the past 30 days, the indicator reaches 30.57%. Damon Inc (NASDAQ:DMN)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.02.
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 38.71% in the latest trading.
An evaluation of the daily trading volume of Damon Inc (NASDAQ:DMN) indicates that the 3-month average is 137.69 million. However, this figure has increased over the past 10 days to an average of 793.85.
Currently, records show that 158.32 million of the company’s shares remain outstanding. The insiders hold 19.98% of outstanding shares, whereas institutions hold 17.24%. The stats also highlight that short interest as of 2025-03-31, stood at 3.81 million shares, resulting in a short ratio of 0.23 at that time. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 1.22 million. However, since the stock’s price has seen -99.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
