At the last check on Thursday, Datasea Inc.’s (NASDAQ:DTSS) stock was up $0.04, moving up 6.62 percent to $0.58. The average number of shares traded per day over the past five days has been 986,898 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0001 gain in that time frame. In the last twenty days, the average volume was 1,128,295, while in the previous 50 days, it was 492,418.
Since last month, DTSS stock retreated -36.96%. Shares of the company fell to $0.5110 on 08/16/23, the lowest level in the past month. A 52-week high of $1.95 was reached on 01/04/23 after having rallying from a 52-week low of $0.51. Since the beginning of this year, DTSS’s stock price has dropped by -61.33% or -$0.9001, and marked a new high 2 times. However, the stock has declined by -70.26% since its 52-week high.
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Financial Health
In the three months ended December 30, Datasea Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 8.60% percent. Based on annual data, DTSS earned $0.96 million in gross profit and brought in $17.08 million in revenue.
In Datasea Inc.’s quarter-end financial report for December 30, it reported total debt of $0.14 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DTSS’s revenue fell -270.95% to $0.43 million during the quarter, while net income inched up to $1.79 million. While analysts expected Datasea Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated -$1.14 million in EBITDA. The liabilities of Datasea Inc. were 5.64 million at the end of its most recent quarter ended December 30, and its total debt was $2.02 million. The value of shareholders’ equity is $25.6 million.
Technical Picture
This quick technical analysis looks at Datasea Inc.’s (DTSS) price momentum. With a historical volatility rate of 369.32%, the RSI 9-day stood at 42.83% on 16 August.
With respect to its five-day moving average, the current Datasea Inc. price is up by +0.02% percent or $0.0001. At present, DTSS shares trade -35.49% below its 20-day simple moving average and -47.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.04% below its SMA50 and -55.89% below its SMA200.
Stochastic coefficient K was 6.69% and Stochastic coefficient D was 4.71%, while ATR was 0.1234. Given the Stochastic reading of 14.13% for the 14-day period, the RSI (14) reading has been calculated as 42.35%. As of today, the MACD Oscillator reading stands at -0.0989, while the 14-day reading stands at -0.1091.
Analyst Ratings
Datasea Inc. (DTSS) has been rated Buy by analysts. According to 0 brokerage firms, DTSS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Datasea Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.50, the current consensus forecast for the stock is $1.50 – $1.50. Based on these forecasts, analysts predict Datasea Inc. (DTSS) will achieve an average price target of $1.50.
