Digimarc Corporation (NASDAQ: DMRC) Has Been Falling -53.62% Year-To-Date. Troubles Yet To Come? – Marketing Sentinel
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Digimarc Corporation (NASDAQ: DMRC) Has Been Falling -53.62% Year-To-Date. Troubles Yet To Come?

During the last session, Digimarc Corporation (NASDAQ:DMRC)’s traded shares were 0.31 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $18.31, reflecting an intraday loss of -9.36% or -$1.89. The 52-week high for the DMRC share is $53.74, that puts it down -193.5 from that peak though still a striking -3.71% loss since the share price plummeted to a 52-week low of $18.99. The company’s market capitalization is $410.33M, and the average intraday trading volume over the past 10 days was 0.14 million shares, and the average trade volume was 130.57K shares over the past three months.

Digimarc Corporation (DMRC) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. DMRC has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.51.

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Digimarc Corporation (NASDAQ:DMRC) trade information

Digimarc Corporation (DMRC) registered a -9.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.36% in intraday trading to $18.31 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -15.78%, and it has moved by -35.19% in 30 days. Based on these gigs, the overall price performance for the year is -39.77%. The short interest in Digimarc Corporation (NASDAQ:DMRC) is 2.13 million shares and it means that shorts have 20.57 day(s) to cover.

The consensus price target of analysts on Wall Street is $20.00, which implies an increase of 8.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20.00 and $20.00 respectively. As a result, DMRC is trading at a discount of -9.23% off the target high and -9.23% off the low.

Digimarc Corporation (DMRC) estimates and forecasts

In the rating firms’ projections, revenue will increase 8.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $6.62 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $7.25 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.55 million and $6.7 million respectively. In this case, analysts expect current quarter sales to grow by 19.20% and then jump by 8.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.20%. While earnings are projected to return 38.00% in 2022, the next five years will return 20.00% per annum.

DMRC Dividends

Digimarc Corporation is due to release its next quarterly earnings between April 26 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Digimarc Corporation (NASDAQ:DMRC)’s Major holders

Digimarc Corporation insiders own 23.51% of total outstanding shares while institutional holders control 53.17%, with the float percentage being 69.51%. Altai Capital Management, L.P. is the largest shareholder of the company, while 113 institutions own stock in it. As of Sep 29, 2021, the company held over 0.92 million shares (or 5.44% of all shares), a total value of $31.72 million in shares.

The next largest institutional holding, with 0.83 million shares, is of Baillie Gifford and Company’s that is approximately 4.88% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $28.47 million.

Also, the Mutual Funds coming in first place with the largest holdings of Digimarc Corporation (DMRC) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.45 million shares. This amounts to just over 2.67 percent of the company’s overall shares, with a $15.55 million market value. The same data shows that the other fund manager holds slightly less at 0.3 million, or about 1.76% of the stock, which is worth about $15.1 million.

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