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Damon Inc (DMN) Stock Could Soon Reward Patient Investors

Damon Inc (NASDAQ: DMN) is -80.02% lower on its value in year-to-date trading and has touched a low of $0.16 and a high of $4.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DMN stock was last observed hovering at around $0.17 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.17, the stock is -57.89% and -71.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 0.47% at the moment leaves the stock -77.01% off its SMA200.

The stock witnessed a -72.18% in the last 1 month and extending the period to 3 months gives it a -81.74%, and is -44.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 40.66% over the week and 20.10% over the month.

Distance from 52-week low is 8.64% and -96.57% from its 52-week high.

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Damon Inc (DMN) Top Institutional Holders

The shares outstanding are 21.52M, and float is at 16.83M with Short Float at 0.73%.

Damon Inc (DMN) Insider Activity

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