Domo (DOMO) earnings: still bleeding money?

Royston Roche | 8:38 pm ET, 05 Dec 2018

Domo (DOMO) shares are trading at $15.12, up 0.4%. The company is announcing its quarterly earnings results on Thursday after the market close. What's driving DOMO stock price? What's DOMO stock price forecast?

Domo operates a cloud-based platform which helps to connect every component of the business on a real-time basis. The shares have dropped 41% since the company's listing in June this year. The company’s services are used by more than 400 CEOs including those from Fortune 500 companies.

Investors are showing interest in the company because of its strong revenue growth. On the other hand, a few bearish investors are worried about the company's strategic plan.  Last quarter’s revenue rose 32% to $34.30 million and earnings per share came at -$3.44 compared to -$25.77 for the same period last year.

Third-quarter results will be released after market close on December 06, 2018.  Analysts expect the company to earn -$1.38 per share on revenue of $34.97 million.  The company beat analysts’ estimates in the previous quarter.

What is the sentiment towards the DOMO stock? Our technical analysis shows that: 

  • The stock short-term sentiment (next 30 days) is trending negative;
  • The mid-term sentiment (3-6 months) is trending negative;
  • The long-term sentiment (9-12 months) is neutral. 

Over the last month, Domo (DOMO) returned -11.73%.

Domo (DOMO) short share of float is 11.81%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

Domo (DOMO) average analyst price target ($25.67) is 69.78% above its current price ($15.12).

For the latest price and information on Domo, please visit Finstead and search for "DOMO price" or "DOMO news".

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Domo (DOMO) Buy or Sell Stock Guide

2:39 pm ET, 20 Nov 2018

The analysis below may be helpful to you if you have any of the following questions about DOMO stock:

  • Is DOMO a buy or a sell?
  • Should I sell or hold DOMO stock today?
  • Is DOMO a good buy / a good investment?
  • What are DOMO analyst opinions, recommendations, ratings?

Here are DOMO stock buy reasons/signals:

1. DOMO stock price ($13.86) is at the 52-week low. Perhaps now is a good time to buy?

2. DOMO quarterly revenue growth was 32.30%, higher than the industry and sector average revenue growth (1.58% and 1.58%, respectively).

3. DOMO average analyst rating is Strong Buy.

4. DOMO average analyst price target ($25.67) is above its current price ($13.86).

Here are DOMO stock sell reasons/signals:

1. DOMO short share of float is 11.81%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

2. DOMO short interest (days to cover the shorts) ratio is 3.94. The stock garners more short interest than the average industry, sector or S&P 500 stock.

What are your thoughts on DOMO?

If you liked this analysis, check out Buy or Sell Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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