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DatChat Inc. (NASDAQ: DATS) Offers Great Upside

DatChat Inc. (NASDAQ:DATS) shares, rose in value on Friday, 05/13/22, with the stock price up by 6.56% to the previous day’s close as strong demand from buyers drove the stock to $1.30.

Actively observing the price movement in the last trading, the stock closed the session at $1.22, falling within a range of $1.2309 and $1.37. Referring to stock’s 52-week performance, its high was $18.50, and the low was $1.15. On the whole, DATS has fluctuated by -27.78% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DATS currently trading nearly -20.97% and -28.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.41, while the 7-day volatility ratio is showing 11.10% which for the 30-day chart, stands at 9.17%. Furthermore, DatChat Inc. (DATS)’s average true range (ATR) is 0.16.

Data on historical trading for DatChat Inc. (NASDAQ:DATS) indicates that the trading volumes over the past 10 days have averaged 0.47 million and over the past 3 months, they’ve averaged 4.44 million. According to company’s latest data on outstanding shares, there are 19.64 million shares outstanding.

Nearly 25.53% of DatChat Inc.’s shares belong to company insiders and institutional investors own 1.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.78 million shares as on Dec 14, 2021, resulting in a short ratio of 0.35. According to the data, the short interest in DatChat Inc. (DATS) stood at 3.96% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 0.81 million. The stock has fallen by -57.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DATS stock heading into the next quarter.

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