[caption id="attachment_3500" align="alignnone" width="1733"]
11th June 2019 DOMO 10% share price dip[/caption]
Reasons for non-purchase
- Macro economic environment is still uncertain given US/China Trade war where leaders are set to meet during the 28th-29th June 2019 G20 Osaka summit.
- US Treasury yield curve is currently inverted signaling a forthcoming recession
- DOMO share price has been on a steady trend for past 3 months.
- Competition purchases
Google has recently purchased Looker
- SalesForce has recently purchased Tableau
- Financials
Cash and cash equivalent is down by more than 50%
- Total assets is down by more than 10% while total liabilities is down by only 3%
Related References
- https://www.fool.com/investing/2019/06/07/why-domo-shares-plunged-today.aspx
- https://www.globenewswire.com/news-release/2019/06/06/1865628/0/en/Domo-Announces-Fiscal-2020-First-Quarter-Financial-Results.html