Dominari (DOMH) Expected to Announce Quarterly Earnings on Thursday

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

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

Dominari Stock Up 4.6%

Shares of Dominari stock opened at $1.81 on Thursday. Dominari has a 12-month low of $1.68 and a 12-month high of $5.84. The stock has a market capitalization of $43.88 million, a P/E ratio of -0.34 and a beta of 0.90. The company has a 50-day simple moving average of $2.20 and a 200 day simple moving average of $2.94.

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

Insiders Place Their Bets

In related news, CEO Anthony Hayes acquired 50,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $2.02 per share, with a total value of $101,000.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through this link. Also, President Kyle Wool acquired 50,000 shares of the stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $2.02 per share, with a total value of $101,000.00. Following the transaction, the president directly owned 4,261,828 shares in the company, valued at approximately $8,608,892.56. This represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 55.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOMH. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dominari in a report on Friday, October 2nd. Wall Street Zen downgraded Dominari from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Dominari has a consensus rating of “Sell”.

About Dominari

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.