Datasea Inc. (NASDAQ:DTSS) saw a downside of -4.30% to close Friday at $0.65 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,543,020 shares of the company’s common stock. It has gained $0.7300 in the past week and touched a new high 2 times within the past 5 days. An average of 1,264,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 550,686.
DTSS’s 1-month performance is -30.44% or -$0.1755 on its low of $0.5110 reached on 08/16/23. The company’s shares have touched a 52-week low of $0.51 and high of $1.95, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, DTSS has lost -56.87% or -$0.8531 and has reached a new high 2 times. However, the current price is down -66.83% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.48.
Datasea Inc.’s quick ratio for the period ended December 30 was 0.30, with the current ratio over the same period at 0.30. In terms of profitability, the gross margin trailing 12 months is 8.60%. The trailing 12-month EBITDA margin is -38.99%. The firm’s gross profit as reported stood at $0.96 million against revenue of $17.08 million.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1.54% to -$1.3 million, while revenue of -$1.29 million was 0.77% off the previous quarter. Analysts expected DTSS to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.07, representing a -75.00% surprise. EBITDA for the quarter stood at more than -$1.14 million. DTSS stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 5.64 million, with total debt at $2.02 million. Shareholders hold equity totaling $25.6 million.
Let’s look briefly at Datasea Inc. (DTSS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 46.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 250.68%.
The stock’s 5-day moving average is $0.5982, reflecting a +7.40% or $0.0446 change from its current price. DTSS is currently trading -29.75% above its 20-day SMA, -48.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.07% and SMA200 by-52.78%.
Stochastic %K and %D was 17.69% and 10.51% and the average true range (ATR) pointed at 0.1222. The RSI (14) points at 45.18%, while the 14-day stochastic is at 21.61% with the period’s ATR at 0.1169. The stock’s 9-day MACD Oscillator is pointing at 0.0037 and -0.0523 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for DTSS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DTSS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is DTSS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $1.50, with their median price target at $1.50. Looking at these predictions, the average price target given by analysts is for Datasea Inc. (DTSS) stock is $1.50.
