Damon Inc (NASDAQ: DMN): Is It A Life-Changing Stock?

In the latest trading session, 0.74 million Damon Inc (NASDAQ:DMN) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $0.15 changed hands at -$0.01 or -8.33% at last look, the market valuation stands at $3.99M. DMN’s current price is a discount, trading about -3200.0% off its 52-week high of $4.95. When we look at Damon Inc’s average trading volume, we note the 10-day average is 14.02 million shares, with the 3-month average coming to 4.15 million.

Damon Inc (NASDAQ:DMN) trade information

Instantly DMN was in red as seen in intraday trades today. With action -15.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -82.53%, with the 5-day performance at -15.62% in the red. However, in the 30-day time frame, Damon Inc (NASDAQ:DMN) is -68.93% down. Looking at the short shares, we see there were 1.22 million shares sold at short interest cover period of 0.29 days.

Damon Inc (NASDAQ:DMN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 19.64% of Damon Inc shares while 1.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.41%. With 11.61 shares estimated at $1717.0 under it, the former controlled 0.04% of total outstanding shares.