DOMO Stock Summary and Trading Ideas (Domo - Class B | NASDAQ:DOMO)

Domo Inc provides a cloud-based platform that digitally connects all the data, systems and people in an organization, giving them access to real-time data and insights and allowing them to manage their business from their smartphones. The company offers a platform to its customers as a subscription-based service. Users receive notifications on any device and immediately act on the invitation, after which the system can write back to the original system of record. The company derives revenue from subscriptions to its cloud-based platform and professional services.

Domo - Class B trades on the NASDAQ stock market under the symbol DOMO.

As of April 24, 2024, DOMO stock price declined to $7.43 with 657,766 million shares trading.

DOMO has a beta of 1.92, meaning it tends to be more sensitive to market movements. DOMO has a correlation of 0.11 to the broad based SPY ETF.

DOMO has a market cap of $282.57 million. This is considered a Small Cap stock.

Last quarter Domo - Class B reported $80 million in Revenue and -$.05 earnings per share. This beat revenue expectation by $644,000 and met earnings estimates .

In the last 3 years, DOMO stock traded as high as $98.35 and as low as $7.34.

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

DOMO has underperformed the market in the last year with a price return of -55.2% while the SPY ETF gained +24.2%. DOMO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.4% and -16.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

DOMO support price is $7.29 and resistance is $7.71 (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 DOMO stock will trade within this expected range on the day.