Domo Inc. (NASDAQ:DOMO) shares traded 0.46% higher at $6.62 on Wall Street last session.
DOMO stock price is now -10.10% away from the 50-day moving average and -28.12% away from the 200-day moving average. The market capitalization of the company currently stands at $252.69M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $8, Lake Street recently Downgraded its rating from Buy to Hold for Domo Inc. (NASDAQ: DOMO). On September 22, 2023, DA Davidson recently initiated its ‘Neutral’ rating on the stock quoting a target price of $10, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Jolley David R, Chief Financial Officer sold 12,000 shares of the company’s stock on Apr 11 ’24. The stock was sold for $102,000 at an average price of $8.50. Upon completion of the transaction, the Chief Financial Officer now directly owns 215,543 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, CTO & EVP of Product Thayne Daren sold 22,500 shares of the business’s stock. A total of $203,292 was realized by selling the stock at an average price of $9.04. This leaves the insider owning 343,758 shares of the company worth $2.28 million. A total of 17.94% of the company’s stock is owned by insiders.
During the past 12 months, Domo Inc. has had a low of $6.11 and a high of $18.19. The fifty day moving average price for DOMO is $7.32 and a two-hundred day moving average price translates $9.189575 for the stock.
The latest earnings results from Domo Inc. (NASDAQ: DOMO) was released for 2024-04-30. According to the Software – Application Company, earnings per share came in at -0.02, beating analysts’ expectations of -0.09 by 0.07. This compares to -$0.69 EPS in the same period last year. The company reported revenue of $80.1 million for the quarter, compared to $79.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.81 percent. For the current quarter, analysts expect DOMO to generate $76.6M in revenue.
