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

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

• Domo Inc’s current stock price and volume
• Why Domo Inc’s stock price changed recently
• Upgrades and downgrades for DOMO from analysts
• DOMO’s stock price momentum as measured by its relative strength

About Domo Inc (DOMO)

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

Domo, Inc. provides a cloud-based platform that digitally connects everyone from the CEO to the frontline employee with all the data, systems and people in an organization, giving them access to real-time data and insights and allowing them to put data to work for everyone, so they can multiply their impact on the business. Its platform enables every type of employee to connect to, analyze, and leverage data from their smartphone. Its platform provides real-time access to quantitative and qualitative data. Through the Domo platform, data from across the business is collected, stored, prepared, organized, analyzed, visualized, and shared. Artificial intelligence algorithms and machine learning can be applied to the data. Its platform provides real-time access to data through a flexible set of connection options, including an application programming interface and standards-based connectors that are available in the Domo Appstore, and a library of flexible universal connectors.

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Domo Inc’s Stock Price as of Market Close

As of July 05, 2024, 4:00 PM, CST, Domo Inc’s stock price was $7.25.

Domo Inc is down 4.98% from its previous closing price of $7.63.

During the last market session, Domo Inc’s stock traded between $7.62 and $7.77. Currently, there are 37.48 million shares of Domo Inc stock available for purchase.

Unfortunately, Domo Inc’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.

Domo Inc Stock Price History

Domo Inc’s (DOMO) price is currently down 6.09% so far this month.

During the month of July, Domo Inc’s stock price has reached a high of $7.84 and a low of $7.23.

Over the last year, Domo Inc has hit prices as high as $18.19 and as low as $6.11. Year to date, Domo Inc’s stock is down 49.09%.

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What Caused Domo Inc 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 July 03, 2024, there were 5 analysts who downgraded Domo Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Domo Inc’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 Domo Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

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 Domo Inc (DOMO) by visiting AAII Stock Evaluator.

Relative Price Strength of Domo Inc

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 July 03, 2024, Domo Inc has a weighted four-quarter relative price strength of -18.86%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

Want to learn more about how Domo Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Domo Inc Stock Price: Bottom Line

As of July 5, 2024, Domo Inc’s stock price is $7.25, which is down 4.98% 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 Domo Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.