Financial Results of Dominari Holdings Inc.
Dominari Holdings Inc. (NASDAQ:DOMH) announced its financial results for the recent quarter, revealing a net loss with earnings per share (EPS) of -$1.02. The company also reported a negative return on equity of 91.67% and a net profit margin of -167.73%. Following the earnings release, shares of Dominari decreased by 7%, closing at $5.33, down from a 52-week high of $13.58.
Stock Trading Overview
Trading volume for the stock was 308,890 shares, below its average of 915,819. Over the past year, the stock ranged from a low of $0.83 to a high of $13.58. Currently, the company's market capitalization stands at approximately $78.05 million, with a price-to-earnings ratio of -1.18 and a beta of 0.50. The 50-day moving average price is $5.23, and the 200-day average is $5.28.
Analyst and Institutional Investor Insights
Analyst sentiment has turned more cautious, with Wall Street Zen downgrading Dominari from a "hold" to a "sell" rating on May 22nd, reflecting a bearish outlook.
Institutional investors have taken note, with Geode Capital Management LLC increasing its stake by 2.9% during the second qu...