Damon Inc (NASDAQ:DMN) shares, rose in value on Wednesday, April 16, with the stock price down by -18.42% to the previous day’s close as strong demand from buyers drove the stock to $0.00.
Actively observing the price movement in the last trading, the stock closed the session at $0.00, falling within a range of $0.0031 and $0.004. On the whole, DMN has fluctuated by -97.54% over the past month.
With the market capitalization of Damon Inc currently standing at about $0.49 million, investors are eagerly awaiting this quarter’s results, scheduled for in May.
The stock’s technical analysis shows that the price of DMN currently trading nearly -87.02% and -98.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 17.64, while the 7-day volatility ratio is showing 48.53% which for the 30-day chart, stands at 31.86%. Furthermore, Damon Inc (DMN)’s average true range (ATR) is 0.02.
Data on historical trading for Damon Inc (NASDAQ:DMN) indicates that the trading volumes over the past 10 days have averaged 785.83 and over the past 3 months, they’ve averaged 178.60 million. According to company’s latest data on outstanding shares, there are 158.32 million shares outstanding.
Nearly 19.98% of Damon Inc’s shares belong to company insiders and institutional investors own 17.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.81 million shares as on 2025-03-31, resulting in a short ratio of 0.23. The stock has fallen by -99.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DMN stock heading into the next quarter.
