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Damon Inc (DMN) Looks Ready for Growth Despite -98.36% Change This Year

MQ Stock

Damon Inc (NASDAQ: DMN) is -98.36% lower on its value in year-to-date trading and has touched a low of N/A and a high of N/A 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 $0.02 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $0.01, the stock is -83.49% and -95.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 279.07 million and changing -7.95% at the moment leaves the stock -97.58% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $0.27948 and a 200-day simple moving average (SMA200) of $0.5755851.

The stock witnessed a -92.40% in the last 1 month and extending the period to 3 months gives it a -98.50%, and is -59.48% 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 35.87% over the week and 23.12% over the month.

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Damon Inc (DMN) Top Institutional Holders

16.0 institutions hold shares in Damon Inc (DMN), with institutional investors hold 0.31% of the company’s shares. The shares outstanding are 31.42M, and float is at 25.14M with Short Float at 15.16%. Institutions hold 0.19% of the Float.

Damon Inc (DMN) Insider Activity

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