A Look at DatChat Inc. (DATS) Shares in the Recent Past Indicates Growth

DatChat Inc. (NASDAQ: DATS) stock fell -3.17% on Tuesday to $0.63 against a previous-day closing price of $0.65. With 82819.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.34 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.6500 whereas the lowest price it dropped to was $0.6100. The 52-week range on DATS shows that it touched its highest point at $3.23 and its lowest point at $0.14 during that stretch.

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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 DATS was up-trending over the past week, with a rise of 0.29%, but this was up by 58.35% over a month. Three-month performance surged to 7.75% while six-month performance fell -46.54%. The stock lost -76.13% in the past year, while it has gained 153.34% so far this year.

Float and Shares Shorts:

At present, 20.60 million DATS shares are outstanding with a float of 17.76 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.27 million, which was 1.30% higher than short shares on Nov 29, 2022. In addition to Mr. Darin M. Myman as the firm’s Founder, CEO, Pres & Director, Mr. Peter Shelus serves as its Founder, CTO & Director.

Institutional Ownership:

Through their ownership of 3.52% of DATS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.51% of DATS, in contrast to 2.60% held by mutual funds. Shares owned by individuals account for 0.90%. As the largest shareholder in DATS with 1.10% of the stake, Renaissance Technologies LLC holds 225,946 shares worth 225,946. A second-largest stockholder of DATS, The Vanguard Group, Inc., holds 150,744 shares, controlling over 0.73% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in DATS, holding 98,812 shares or 0.48% stake. With a 0.42% stake in DATS, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 86,875 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.21% of DATS stock, is the second-largest Mutual Fund holder. It holds 42,295 shares valued at 10447.0. iShares Tr. – Micro Cap ETF holds 0.16% of the stake in DATS, owning 33,744 shares worth 8335.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, DATS reported revenue of $37.95k and operating income of -$2.50M. The EBITDA in the recently reported quarter was -$2.48M and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DATS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy..

Summary of Insider Activity:

Insiders traded DATS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 14,000 while 0 shares were sold.

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