Datametrex AI (CVE:DM) Stock Price Down 16.7% - Here's What Happened

Datametrex AI Limited (CVE:DM) experienced a significant decline in its stock price, falling by 16.7% during midday trading on Thursday. The stock reached a low of C$0.10 and was last traded at C$0.13, with around 269,138 shares exchanged. This volume represents an increase of 659% compared to the average daily volume of 35,479 shares. Previously, the stock had closed at C$0.15.

Recent Stock Movements

In terms of performance, the stock has a 50-day simple moving average of C$0.01, while the 200-day simple moving average is also C$0.01. Datametrex AI has a market capitalization of C$78.52 million and a price-to-earnings ratio of -1.86. The company exhibits a beta of 2.59, indicating higher volatility compared to the market. Its debt-to-equity ratio stands at 554.49, with a current ratio of 0.40 and a quick ratio of 2.44.

About Datametrex AI

Datametrex AI Limited engages in the collection, analysis, and presentation of both structured and unstructured data utilizing machine learning and artificial intelligence. The company operates in Canada and South Korea through two main segments: AI and Technology, and Health Care. Their offerings in health security include concierge medical services and telemedicine services. Additionally, they provide integrated medical center services through Imagine Health, which encompasses a pharmacy, ancillary services, and medical consultations.

Market Insights

While analysts currently rate Datametrex AI as a "Hold," many top-rated analysts have highlighted five other stocks as preferable investment opportunities. It is important for potential investors to assess these recommendations before making decisions about investing in Datametrex AI.

For those interested in the broader trends of AI stocks, various resources are available to guide investors towards building a solid investment portfolio in the growing field of artificial intelligence.

Datametrex, Stock, Market