Dominari (DOMH) Projected to Post Earnings on Thursday

Dominari (NASDAQ:DOMH) is projected to post its results before the market opens on Thursday, November 5th. Analysts expect Dominari 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) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.13. Dominari had a negative net margin of 51.61% and a negative return on equity of 235.37%. The firm had revenue of $16.79 million for the quarter, compared to analyst estimates of $16.79 million.

Dominari Stock Up 1.2%

DOMH opened at $1.69 on Tuesday. Dominari has a 52-week low of $1.63 and a 52-week high of $5.71. The company has a 50 day moving average of $2.14 and a two-hundred day moving average of $2.90. The company has a market cap of $40.97 million, a P/E ratio of -0.31 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

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.