Dominari (NASDAQ:DOMH) Announces Earnings Results, Beats Estimates By $0.63 EPS

by · The Cerbat Gem

Dominari (NASDAQ:DOMH – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.63, FiscalAI reports. Dominari had a negative net margin of 51.61% and a negative return on equity of 235.37%. The firm had revenue of $16.38 million for the quarter, compared to analyst estimates of $18.58 million.

Dominari Price Performance

Shares of DOMH traded down $0.22 during mid-day trading on Tuesday, reaching $0.93. The stock had a trading volume of 220,441 shares, compared to its average volume of 163,412. Dominari has a 52-week low of $0.90 and a 52-week high of $5.71. The firm has a market cap of $22.57 million, a price-to-earnings ratio of -0.17 and a beta of 0.93. The business’s fifty day moving average is $2.04 and its 200 day moving average is $2.83.

Dominari declared that its board has authorized a share buyback program on Thursday, September 17th that authorizes the company to buy back $5 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9.6% of its shares through open market purchases. Share buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Dominari

In other Dominari news, President Kyle Wool purchased 50,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of $2.02 per share, for a total transaction of $101,000.00. Following the acquisition, the president owned 4,261,828 shares in the company, valued at $8,608,892.56. This trade represents a 1.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Hayes purchased 50,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were acquired at an average price of $2.02 per share, with a total value of $101,000.00. Following the completion of the acquisition, the chief executive officer owned 4,550,873 shares in the company, valued at approximately $9,192,763.46. This trade represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. 55.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen cut Dominari from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dominari in a research report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on DOMH

About Dominari

(Get Free Report)

Dominari Holdings Inc (NASDAQ:DOMH) is a diversified holding company focused on building and managing a portfolio of operating businesses and strategic investments. The company seeks opportunities across areas such as technology, media, telecommunications, financial services and other industries.

Through its subsidiaries, Dominari provides financial and capital-markets services, including investment banking, securities brokerage, wealth management and related advisory activities. Its businesses serve corporate clients, institutional investors and individual customers, subject to applicable regulatory requirements.

The company was formerly known as AIkido Pharma Inc and adopted the Dominari Holdings name as it broadened its focus beyond its earlier life-sciences activities.

Recommended Stories