The stock has a 36-month beta value of 0.67. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DTSS is 12.02M, and at present, short sellers hold a 0.82% of that float. On November 13, 2024, the average trading volume of DTSS was 982.37K shares.
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DTSS) stock’s latest price update
The stock price of Datasea Inc (NASDAQ: DTSS) has jumped by 9.92 compared to previous close of 2.62. Despite this, the company has seen a gain of 19.01% in its stock price over the last five trading days. prnewswire.com reported 2024-10-21 that BEIJING, Oct. 21, 2024 /PRNewswire/ — Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a Nevada-based digital technology company focused on innovative high-tech acoustics and 5G AI multimodal digital technology, today announced that, as of October 15, 2024, the Company closed its Regulation S offering (the “Offering”) with three investors, including its two largest shareholders, the Company’s CEO and Director, pursuant to which the Company sold the investors an aggregate of 1,932,224 shares of its common stock (the “Shares”). The purchase price for the Shares was $2.06 per share, which was equal to the closing price of the Company’s common stock on The Nasdaq Capital Market on September 26, 2024, the date on which the binding subscription agreements had been entered into by the parties.
DTSS’s Market Performance
Datasea Inc (DTSS) has experienced a 19.01% rise in stock performance for the past week, with a 23.08% rise in the past month, and a 35.21% rise in the past quarter. The volatility ratio for the week is 8.23%, and the volatility levels for the past 30 days are at 8.25% for DTSS. The simple moving average for the past 20 days is 18.80% for DTSS’s stock, with a -35.88% simple moving average for the past 200 days.
DTSS Trading at 26.16% from the 50-Day Moving Average
After a stumble in the market that brought DTSS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.81% of loss for the given period.
Volatility was left at 8.25%, however, over the last 30 days, the volatility rate increased by 8.23%, as shares surge +29.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.81% upper at present.
During the last 5 trading sessions, DTSS rose by +19.01%, which changed the moving average for the period of 200-days by +67.44% in comparison to the 20-day moving average, which settled at $2.42. In addition, Datasea Inc saw -18.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DTSS
Current profitability levels for the company are sitting at:
- -0.51 for the present operating margin
- 0.01 for the gross margin
The net margin for Datasea Inc stands at -0.51. The total capital return value is set at 39.33. Equity return is now at value -1170.13, with -403.91 for asset returns.
Based on Datasea Inc (DTSS), the company’s capital structure generated 1.25 points at debt to capital in total, while cash flow to debt ratio is standing at -5.49.
Currently, EBITDA for the company is -11.63 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 33.37for trailing twelve months and the total asset turnover is 7.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, Datasea Inc (DTSS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
