Data Storage Corp (NASDAQ: DTST) has a higher price-to-earnings ratio of 227.14x compared to its average ratio, The 36-month beta value for DTST is at 0.78. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DTST is 4.04M, and currently, shorts hold a 8.24% of that float. The average trading volume for DTST on December 03, 2024 was 52.39K shares.
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DTST) stock’s latest price update
Data Storage Corp (NASDAQ: DTST) has experienced a rise in its stock price by 15.31 compared to its previous closing price of 3.92. However, the company has seen a gain of 14.14% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced that its subsidiary, CloudFirst Europe, has entered into a strategic partnership with Brightsolid, a premier data center provider based in Scotland and part of the DC Thomson group. This collaboration marks a significant step in CloudFirst’s expansion strategy across the UK and positions the Company to better serve clients in Scotland.
DTST’s Market Performance
Data Storage Corp (DTST) has experienced a 14.14% rise in stock performance for the past week, with a 31.40% rise in the past month, and a 26.61% rise in the past quarter. The volatility ratio for the week is 9.44%, and the volatility levels for the past 30 days are at 9.56% for DTST. The simple moving average for the past 20 days is 12.53% for DTST’s stock, with a -9.38% simple moving average for the past 200 days.
DTST Trading at 20.34% from the 50-Day Moving Average
After a stumble in the market that brought DTST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.50% of loss for the given period.
Volatility was left at 9.56%, however, over the last 30 days, the volatility rate increased by 9.44%, as shares surge +33.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.53% upper at present.
During the last 5 trading sessions, DTST rose by +14.14%, which changed the moving average for the period of 200-days by +18.95% in comparison to the 20-day moving average, which settled at $4.02. In addition, Data Storage Corp saw 56.94% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DTST
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.4 for the gross margin
The net margin for Data Storage Corp stands at 0.01. The total capital return value is set at -0.02. Equity return is now at value 0.79, with 0.67 for asset returns.
Currently, EBITDA for the company is 1.82 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 12.74for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
In conclusion, Data Storage Corp (DTST) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
