The trading price of Datasea Inc. (NASDAQ:DTSS) closed higher on Monday, Feb 22, closing at $4.16, 10.82% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.1500 and $4.9200. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0.34. In examining the 52-week price action we see that the stock hit a 52-week high of $6.24 and a 52-week low of $1.35. Over the past month, the stock has gained 34.01% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Datasea Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DTSS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how Datasea Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DTSS stock’s performance was +10.82% in the latest trading, and +67.64% in the past year, while Servicenow Inc (NOW) has traded -3.59% on the day and positioned +59.74% higher than it was a year ago. Another comparable company Infosys Ltd (INFY) saw its stock close -1.84% lower in the most recent trading session but was up +54.34% in a year. Furthermore, Dell Technologies Inc (DELL) showed an increase of 10.82% on the day while its price kept rising at 67.64% over the past year. Datasea Inc. has a P/E ratio of 0, compared to Servicenow Inc’s 932.64 and Infosys Ltd’s 30.41. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Datasea Inc. (NASDAQ:DTSS) indicates that the 3-month average is 1.64 Million. However, this figure has increased over the past 10 days to an average of 239.15 Million.
Currently, records show that 21.47 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 71.62% of outstanding shares, whereas institutions hold 0.3%. The stats also highlight that short interest as of January 28, 2021, stood at 207.93 Million shares, resulting in a short ratio of 0.05 at that time. From this, we can conclude that short interest is 0.97% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 69.88 Million. However, since the stock’s price has seen +130.5% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.