DMRC Stock Summary and Trading Ideas (Digimarc | NASDAQ:DMRC)

Digimarc Corp is engaged in digital watermarking technologies. The Digimarc Illuminate platform is a distinctive software as a service (SaaS) cloud-based platform for digital connectivity that provides the tools for the application of digital watermarks and dynamic Quick Response (QR) codes, software (digital twins) that enables various systems and devices to interact with those data carriers, and a centralized platform for capturing insights about digital interactions and automating activities based on that information. The company generates revenue through commercial and government applications of its technology. The company derives its revenue from software development services, subscriptions for products and related services, and licensing of patents.

Digimarc trades on the NASDAQ stock market under the symbol DMRC.

As of April 23, 2024, DMRC stock price declined to $22.22 with 175,511 million shares trading.

DMRC has a beta of 1.18, meaning it tends to be more sensitive to market movements. DMRC has a correlation of 0.06 to the broad based SPY ETF.

DMRC has a market cap of $454.26 million. This is considered a Small Cap stock.

Last quarter Digimarc reported $9 million in Revenue and -$.28 earnings per share. This beat revenue expectation by $184,000 and exceeded earnings estimates by $.04.

In the last 3 years, DMRC stock traded as high as $53.74 and as low as $12.45.

The top ETF exchange traded funds that DMRC belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWO.

DMRC has outperformed the market in the last year with a return of +30.4%, while the SPY ETF gained +24.3%. However, in the most recent history, DMRC shares have underperformed the stock market with its stock returning -42.7% in the last 3 month period and -9.9% for the last 2 week period, while SPY has returned +4.9% and -2.5%, respectively.

DMRC support price is $21.84 and resistance is $23.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DMRC stock will trade within this expected range on the day.