Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Digimarc Corp before investing.

In this article, we go over a few key elements for understanding Digimarc Corp’s stock price such as:

• Digimarc Corp’s current stock price and volume
• Why Digimarc Corp’s stock price changed recently
• Upgrades and downgrades for DMRC from analysts
• DMRC’s stock price momentum as measured by its relative strength

About Digimarc Corp (DMRC)

Before we jump into Digimarc Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Digimarc Corporation is engaged in offering digital watermarking technologies. The Company offers a Digimarc Illuminate Platform, which is a software-as-a-service (SaaS) cloud-based platform for digital connectivity that provides the tools for the application of advanced digital watermarks and dynamic quick response (QR) codes, software (digital twins) that enables various systems and devices to interact with those data carriers, and a centralized platform for capturing insights about digital interactions and automating activities based on that information. Its Digimarc Validate protects product authenticity to ensure real products are in the right place. Its technology delivers covert digital watermarks and/or QR codes and a cloud-based record of product authentication information. Its Digimarc Engage unlocks an interactive communications channel connecting brands and consumers. Its Digimarc Recycle increases the recyclability of products and packaging through digital watermarks.

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Digimarc Corp’s Stock Price as of Market Close

As of March 21, 2024, 4:00 PM, CST, Digimarc Corp’s stock price was $27.38.

Digimarc Corp is down 4.17% from its previous closing price of $28.57.

During the last market session, Digimarc Corp’s stock traded between $27.20 and $28.90. Currently, there are 20.81 million shares of Digimarc Corp stock available for purchase.

Unfortunately, Digimarc Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Digimarc Corp Stock Price History

Digimarc Corp’s (DMRC) price is currently down 21.91% so far this month.

During the month of March, Digimarc Corp’s stock price has reached a high of $36.29 and a low of $26.30.

Over the last year, Digimarc Corp has hit prices as high as $43.43 and as low as $16.13. Year to date, Digimarc Corp’s stock is up 48.08%.

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What Caused Digimarc Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 20, 2024, there were 0 analysts who downgraded Digimarc Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Digimarc Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Digimarc Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Digimarc Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Digimarc Corp (DMRC) by visiting AAII Stock Evaluator.

Relative Price Strength of Digimarc Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 20, 2024, Digimarc Corp has a weighted four-quarter relative price strength of 0.67%, which translates to a Momentum Score of 72 and is considered to be Strong.

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Digimarc Corp Stock Price: Bottom Line

As of March 21, 2024, Digimarc Corp’s stock price is $27.38, which is down 4.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Digimarc Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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