Dominari (DOMH) Expected to Announce Quarterly Earnings on Thursday

Dominari (NASDAQ:DOMH) is expected to post its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.68) per share and revenue of $18.58 million for the quarter.

Dominari (NASDAQ:DOMH) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. The business had revenue of $16.79 million for the quarter, compared to analysts’ expectations of $16.79 million. Dominari had a negative return on equity of 235.37% and a negative net margin of 51.61%.

Dominari Stock Up 4.6%

Shares of DOMH stock opened at $1.81 on Thursday. The stock has a 50-day moving average price of $2.20 and a 200 day moving average price of $2.94. The firm has a market cap of $43.88 million, a price-to-earnings ratio of -0.34 and a beta of 0.90. Dominari has a 12 month low of $1.68 and a 12 month high of $5.84.

Dominari declared that its board has initiated a share repurchase plan on Thursday, September 17th that allows the company to buy back $5 million in shares. This buyback authorization allows the company to buy up to 9.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DOMH has been the topic of several recent research reports. Wall Street Zen lowered shares of Dominari from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Dominari in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Activity

In other news, President Kyle Wool purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $2.02 per share, for a total transaction of $101,000.00. Following the transaction, the president directly owned 4,261,828 shares of the company’s stock, valued at approximately $8,608,892.56. The trade was a 1.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony Hayes acquired 50,000 shares of Dominari stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $2.02 per share, for a total transaction of $101,000.00. Following the purchase, the chief executive officer directly owned 4,550,873 shares in the company, valued at $9,192,763.46. The trade was a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 55.30% of the company’s stock.

Dominari Company Profile

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.