Doma Holdings Inc. (DOMA) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Doma Holdings Inc. (NYSE: DOMA) stock jumped 11.37% on Wednesday to $0.49 against a previous-day closing price of $0.44. With 1.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.97 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.5483 whereas the lowest price it dropped to was $0.4281. The 52-week range on DOMA shows that it touched its highest point at $8.04 and its lowest point at $0.41 during that stretch. It currently has a 1-year price target of $3.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOMA was up-trending over the past week, with a rise of 2.71%, but this was down by -28.25% over a month. Three-month performance dropped to -46.58% while six-month performance fell -79.47%. The stock lost -93.37% in the past year, while it has lost -90.30% so far this year. A look at the trailing 12-month EPS for DOMA yields -0.69 with Next year EPS estimates of -0.25. For the next quarter, that number is -0.13. This implies an EPS growth rate of -486.80% for this year and 56.90% for next year.

Float and Shares Shorts:

At present, 324.88 million DOMA shares are outstanding with a float of 176.60 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.4 million, which was 1.97% higher than short shares on Jun 14, 2022. In addition to Mr. Maxwell Simkoff as the firm’s Founder, CEO & Director, Mr. Hasan Rizvi serves as its Pres of Technology & Operations.

Institutional Ownership:

Through their ownership of 33.98% of DOMA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.75% of DOMA, in contrast to 9.14% held by mutual funds. Shares owned by individuals account for 59.08%. As the largest shareholder in DOMA with 3.74% of the stake, Eminence Capital LP holds 12,241,620 shares worth 12,241,620. A second-largest stockholder of DOMA, The Vanguard Group, Inc., holds 12,154,331 shares, controlling over 3.72% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DOMA, holding 8,549,497 shares or 2.61% stake. With a 1.38% stake in DOMA, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 4,500,366 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.15% of DOMA stock, is the second-largest Mutual Fund holder. It holds 3,765,455 shares valued at 2.27 million. iShares Russell 2000 ETF holds 0.83% of the stake in DOMA, owning 2,715,492 shares worth 1.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOMA since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOMA analysts setting a high price target of $5.00 and a low target of $1.50, the average target price over the next 12 months is $3.00. Based on these targets, DOMA could surge 920.41% to reach the target high and rise by 206.12% to reach the target low. Reaching the average price target will result in a growth of 512.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DOMA will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of -$0.12 being high and -$0.55 being low. For DOMA, this leads to a yearly average estimate of -$0.40. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Doma Holdings Inc. surprised analysts by -$0.04 when it reported -$0.18 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.14. The average estimate for the next quarter is thus -$0.11.

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