DMN $0.0017 Damon Inc. (NASDAQ) Jan 2026 Market Closed: 2.23B volume, active
The DMN stock closed the session at $0.0017 on NASDAQ on Jan 2026 with 2,232,288,000 shares traded, marking it among the most active issues today. Trading volume far exceeded the 50‑day average and pushed market attention to Damon Inc.’s low market cap of $4,165,816 USD. We assess why volume spiked, review valuation metrics, and offer Meyka AI’s model projection and grade for investors watching this micro‑cap name.
DMN stock: Market snapshot and session details
Damon Inc. (DMN) traded on the NASDAQ in the United States and closed at $0.0017 USD with no net change on the day. The session recorded 2,232,288,000 shares versus an average volume of 196,808,184, giving a relative volume of 11.34 that flagged high activity. The company shows a market cap of $4,165,816 USD and shares outstanding of 2,450,480,128, underlining its micro‑cap status.
Trading activity and most active drivers for DMN stock
The surge in volume appears driven by speculative trading and very thin pricing, not by confirmed material corporate news. Price averages show a weak trend: 50‑day average $0.0056 USD and 200‑day average $0.4053 USD, indicating heavy long‑term depreciation from the 52‑week high $4.95 USD to today. Sector context: Damon sits in Consumer Cyclical, Auto‑Manufacturers, where liquidity and retail flows can amplify moves.
DMN stock financials and valuation metrics
Key reported metrics show mixed signals: reported EPS 0.74 and a price/earnings figure listed at 0.0023, while TTM operating numbers show negative per‑share earnings and negative book value per share (-0.6721). Price to sales TTM is 20.6783, and cash per share is 0.0348, which with the tiny market cap points to an illiquid, high‑risk equity. Current ratio TTM is 0.5324, highlighting limited short‑term liquidity relative to obligations.
DMN stock technicals, volatility and liquidity
Technical indicators are limited because the share price is near dust‑pile levels and many standard calculations show zeros or N/A. The stock’s avgVolume 196,808,184 and today’s volume 2,232,288,000 create extreme intraday volatility and wide bid‑ask spreads. For traders, note that the 50/200 moving average divergence shows a sustained downtrend that raises execution and slippage risk.
Meyka AI rates DMN with a score out of 100 and forecast
Meyka AI rates DMN with a score out of 100: Score 60.95 | Grade B | Suggestion: HOLD. This grade factors S&P 500 and sector comparisons, industry checks, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects a 7‑year price of $4.311 which compared with the current $0.0017 USD implies an upside of roughly 253,438%, though forecasts are model‑based projections and not guarantees.
Risks and opportunities for DMN stock investors
Major risks include extreme volatility, micro‑cap liquidity constraints, and inconsistencies in reported metrics that can trigger trading halts or delist actions. Opportunities exist only if product adoption or a clear corporate catalyst restores investor confidence; Damon’s product roadmap in electric motorcycles and safety systems is a long‑term narrative. Recent coverage and filing checks are essential; see the available market news for updates MarketBeat and our internal briefing at Meyka DMN page.
Final Thoughts
DMN stock is an extreme micro‑cap with heavy intraday turnover and a market structure that amplifies small flows into large percentage moves. The current price of $0.0017 USD and market cap of $4,165,816 USD reflect a company that carries significant liquidity and fundamental risk despite nominal EPS listings and reported cash per share. Meyka AI rates DMN 60.95 (Grade B, HOLD) and provides a long‑range model projection: Meyka AI’s forecast model projects $4.311 in seven years, a model‑based projection implying a multi‑thousand‑times percentage increase versus the present price; this projection is illustrative and not a guarantee. Active traders may be attracted by today’s 2,232,288,000 share volume, but investors should weigh tiny free‑float dynamics, negative book value per share, and thin reporting before adding DMN to a portfolio. Use position sizing, set strict stop limits, and monitor official filings and market notices linked above for material changes.
FAQs
What is the current price and volume for DMN stock?
DMN stock closed at $0.0017 USD with 2,232,288,000 shares traded on the session, versus an average volume of 196,808,184 shares, highlighting outsized activity.
What grade does Meyka AI assign to DMN and why?
Meyka AI rates DMN 60.95 out of 100 (Grade B, SUGGESTION: HOLD). The grade blends S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus.
What is the Meyka AI forecast for DMN stock and how reliable is it?
Meyka AI’s forecast model projects $4.311 in seven years, implying a very large upside vs $0.0017 USD today. Forecasts are model‑based projections and not guarantees; use them with other research.
What are the main risks of trading DMN stock?
Primary risks are extreme volatility, micro‑cap liquidity, negative book value per share, inconsistent reported metrics, and potential for trading halts or wide bid‑ask spreads.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
