Datasea Inc. (NASDAQ: DTSS) stock fell -7.47% on Monday to $0.26 against a previous-day closing price of $0.28. With 0.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $0.2870 whereas the lowest price it dropped to was $0.2500. The 52-week range on DTSS shows that it touched its highest point at $1.95 and its lowest point at $0.28 during that stretch.
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 DTSS was down-trending over the past week, with a drop of -59.84%, but this was down by -61.54% over a month. Three-month performance dropped to -76.15% while six-month performance fell -76.99%. The stock lost -81.82% in the past year, while it has lost -82.67% so far this year.
Float and Shares Shorts:
At present, 24.32 million DTSS shares are outstanding with a float of 16.26 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.32 million, which was 1.16% higher than short shares on Jul 30, 2023. In addition to Ms. Zhixin Liu as the firm’s Chairman, CEO, Pres & Sec., Ms. Mingzhou Sun serves as its CFO & Treasurer.
Through their ownership of 0.13% of DTSS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 59.47% of DTSS, in contrast to 0.14% held by mutual funds. Shares owned by individuals account for 0.06%. As the largest shareholder in DTSS with 0.12% of the stake, Citadel Securities LLC holds 32,076 shares worth 32,076. A second-largest stockholder of DTSS, Geode Capital Management LLC, holds 16,136 shares, controlling over 0.06% of the firm’s shares. UBS Securities LLC is the third largest shareholder in DTSS, holding 8,000 shares or 0.03% stake. With a 0.06% stake in DTSS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 16,136 shares are owned by the mutual fund manager.
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 Mar 30, 2023, DTSS reported revenue of $786.76k and operating income of -$2.56M. The EBITDA in the recently reported quarter was -$2.40M and diluted EPS was -$0.09.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DTSS 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. With DTSS analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, DTSS could surge 476.92% to reach the target high and rise by 476.92% to reach the target low. Reaching the average price target will result in a growth of 476.92% from current levels.
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 DTSS 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 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 1,120,000 while 0 shares were sold.