DMN $0.0017 02 Jan 2026: Intraday most active, 2.23B shares, watch liquidity
DMN stock opened and trades at USD 0.0017 on NASDAQ in the United States during intraday action on 02 Jan 2026, driven by outsized volume of 2,232,288,000 shares. That volume makes Damon Inc. Common Stock unusually active today versus its 50-day average volume of 196,808,184 shares. At this price level the market cap is USD 4,165,816, and short-term liquidity and volatility are the dominant risks for traders and longer-term investors.
Intraday market snapshot
Damon Inc. Common Stock (DMN) is trading at USD 0.0017 with an unchanged intraday move and a day range of USD 0.0017 to USD 0.0017. Volume is 2,232,288,000 shares versus average volume of 196,808,184, a relative volume of 11.34 indicating outsized intraday activity. The stock remains a micro-cap with market capitalization USD 4,165,816 and floats with 2,450,480,128 shares outstanding.
Valuation and key metrics
At the current price the trailing EPS is reported as 0.74 while the computed P/E shown in the feed is 0.002297, an arithmetic artefact given negative earnings-per-share trends in the fundamentals. Price averages show USD 0.0055514 over 50 days and USD 0.40528 over 200 days, highlighting extreme recent weakness from the 52-week high USD 4.95 to the 52-week low USD 0.0006. Price to sales is 20.68 and enterprise value to sales is 22.24, reflecting a micro-cap with thin revenue (revenue per share TTM 0.010276).
Liquidity, volatility and trading risks
High intraday turnover creates both trading opportunity and execution risk. With relative volume 11.34 and average daily volume under 200 million shares, blocks and rapid price moves are likely. The company’s current ratio is 0.53 and cash per share TTM is 0.034801, which underline balance-sheet tightness for an auto-manufacturing and tech-focused small-cap. Bid-ask spreads in penny names like Damon can widen and slippage may materialize for institutional-size orders.
Business context and sector positioning
Damon Inc. operates in Consumer Cyclical, in the Auto – Manufacturers subindustry, offering advanced rider-safety systems and electric motorcycles. The company lists its website as https://www.damon.com and reports 16 full-time employees. Sector performance for consumer cyclicals and EV-related names will matter for sentiment; any positive news around production, partnerships, or safety certifications could move the micro-cap more than fundamentals alone.
Meyka grade and technical snapshot
Meyka AI rates DMN with a score of 61.12 out of 100 — Grade B (HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators are sparse for this ticker (RSI and MACD reported as 0.00 in the feed) because of the low price and extreme volume spikes; traders should rely on order-book reads and tight risk controls rather than classic momentum signals.
Price targets and scenarios
For clarity we present scenario-based price targets rather than an analyst consensus: conservative near-term target USD 0.01, base 12-month target USD 0.05, and long-term model output USD 4.31 from Meyka AI’s extended projection. These targets reflect wide dispersion of outcomes: the conservative target assumes limited recovery and continued micro-cap volatility, while the USD 4.31 figure is a long-horizon model projection and should be treated with caution.
Final Thoughts
Key takeaways for DMN stock: intraday trading on 02 Jan 2026 shows the share at USD 0.0017 with volume 2,232,288,000, making it one of the most active names by volume on NASDAQ in the United States. Valuation ratios are distorted by the low share price and thin revenues; price-to-sales TTM is 20.68 and market cap sits near USD 4.17M. Meyka AI’s scenario targets include a conservative USD 0.01, a 12-month base USD 0.05 and a long-term model projection of USD 4.31. Meyka AI’s forecast model projects USD 4.31 in the long run compared with the current price USD 0.0017, implying very large model-based upside but also extreme model risk — forecasts are model-based projections and not guarantees. Given balance-sheet tightness (current ratio 0.53) and thin liquidity outside today’s spike, the B (HOLD) grade reflects both upside scenarios and significant execution and delisting risks. Traders should prioritize position sizing, confirm order-book depth on NASDAQ, and consult primary regulatory sources before acting. For live quote updates see Yahoo Finance DMN page and for listing status guidance consult Nasdaq notices on pending suspensions and delistings source. Meyka AI provides this AI-powered market analysis as context; this is not financial advice.
FAQs
DMN shows heavy intraday volume but extreme price and liquidity risk. Meyka AI gives a Grade B (HOLD). Traders who accept high risk and potential dilution may enter very small positions; most investors should wait for clearer liquidity and operational signals.
Price moves are driven by low float dynamics, news flow on production or partnerships in the EV/motorcycle space, and regulatory or listing developments. Today’s large volume spike amplifies typical penny-stock volatility.
Meyka AI’s forecast model projects a long-run figure of USD 4.31 versus the current USD 0.0017. This implies massive model-based upside but carries high uncertainty; forecasts are model-based projections and not guarantees.
Small caps with thin market caps can face listing scrutiny. Investors should monitor Nasdaq notices and company filings; consult Nasdaq’s pending suspension and delisting page for official status updates.
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.
