Hyperscale Data Inc. (AMEX: GPUS) Is Down -90.40% Year-To-Date, Analysts Forecast Major Price Rally

Hyperscale Data Inc. (AMEX:GPUS) traded at $0.22 at last check on current trade day and made a downward move of -1.42% on its previous day’s price.

Looking at the stock we see that its previous close was $0.22 and the beta (5Y monthly) reads 3.436 with the day’s price range being $0.2145 – $0.23. In terms of its 52-week price range, GPUS has a high of $11.40 and a low of $0.19. The company’s stock has lost about -7.68% over that past 30 days.

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Hyperscale Data Inc. has a market cap of $8.47 million and is expected to release its quarterly earnings report in October. With its Forward Dividend at 0.00 and a yield of 0.00%, the company’s investors could be anxious for the GPUS stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 34.36M, with a low of 37.5M and a high of 37.5M. The median projection represents growth squeezing down to 340.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 134.33M, or 156.40% up from figures reported last year.

On the other hand, looking at the outlook for the GPUS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is 1.99% off its SMA20 and -8.36% from its 50-day simple moving average. The RSI (14) is pointing at 48.18 while the volatility over the past week is 9.81% and jumps to 9.40% over the past one month. The beta value is 3.49, while the average true range (ATR) is currently pointing at 0.02.

Coming back to Hyperscale Data Inc. (AMEX:GPUS), we note that the average 3-month trading volume was 1.09 million, while that of the preceding 10-day period stands at 0.84 million. Current shares outstanding are 38.85 million.

The insiders hold 0.35% of the company’s shares while institutions hold 1.81%. The data shows that short shares as of 2024-08-30, stood at 1.25 million at a short ratio of 1.03. This represents a 321.00 short interest in shares outstanding on 2024-08-30. Shares short rose in August from the previous month at 0.94 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -90.40% down in year-to-date price movement.

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