Ault Global Holdings Inc. [AMEX: DPW] surged by $0.01 during the normal trading session on Tuesday and reaching a high of $2.52 during the day while it closed the day at $2.37. The company report on October 21, 2021 that Ault Global Holdings Announces Update from Its Subsidiary, BitNile.
Bitcoin Mining Production Reaches $10 Million Annualized Run Rate Based on Current Market Value of Bitcoin with Expected Growth to $15 Million by Month End.
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Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced that its subsidiary, BitNile, Inc. (“BitNile”), is currently mining approximately $10 million worth of Bitcoin on an annualized run rate basis based on current market conditions. The Company further stated that it anticipates that by the end of October the production of Bitcoin will grow to about $15 million on an annualized basis. The Company previously announced its entry into a purchase agreement with Bitmain and the expected installation of 3,000 additional S19j Pro Antminers over the next 10 months, thereby increasing the gross revenue to approximately $48 million annually based on an assumed market value of Bitcoin of $45,000. The Company notes that the current market value of Bitcoin is approximately $66,000 and believes that gross proceeds may reach approximately $64 million annually. The Company notes that all estimates are subject to volatility in price, the fluctuation in the difficulty of production and price of Bitcoin, and other factors that may impact the results of production or operations.
Ault Global Holdings Inc. stock has also gained 0.85% of its value over the past 7 days. However, DPW stock has declined by -2.87% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.84% and lost -45.52% year-on date.
The market cap for DPW stock reached $147.89 million, with 50.85 million shares outstanding and 49.45 million shares in the current float. Compared to the average trading volume of 2.99M shares, DPW reached a trading volume of 7659218 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ault Global Holdings Inc. [DPW]:
The Average True Range (ATR) for Ault Global Holdings Inc. is set at 0.14, with the Price to Sales ratio for DPW stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 2.17.
DPW stock trade performance evaluation
Ault Global Holdings Inc. [DPW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.85. With this latest performance, DPW shares gained by 3.04% in over the last four-week period, additionally sinking by -16.84% over the last 6 months – not to mention a rise of 21.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DPW stock in for the last two-week period is set at 49.62, with the RSI for the last a single of trading hit 51.03, and the three-weeks RSI is set at 48.87 for Ault Global Holdings Inc. [DPW]. The present Moving Average for the last 50 days of trading for this stock 2.43, while it was recorded at 2.38 for the last single week of trading, and 3.08 for the last 200 days.
Ault Global Holdings Inc. [DPW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ault Global Holdings Inc. [DPW] shares currently have an operating margin of -33.67 and a Gross Margin at +31.48. Ault Global Holdings Inc.’s Net Margin is presently recorded at -139.87.
Return on Total Capital for DPW is now -19.87, given the latest momentum, and Return on Invested Capital for the company is -102.02. Return on Equity for this stock declined to -120.87, with Return on Assets sitting at -56.40. When it comes to the capital structure of this company, Ault Global Holdings Inc. [DPW] has a Total Debt to Total Equity ratio set at 20.52. Additionally, DPW Total Debt to Total Capital is recorded at 17.03, with Total Debt to Total Assets ending up at 13.11. Long-Term Debt to Equity for the company is recorded at 9.58, with the Long-Term Debt to Total Capital now at 7.95.
Reflecting on the efficiency of the workforce at the company, Ault Global Holdings Inc. [DPW] managed to generate an average of -$216,817 per employee. Receivables Turnover for the company is 3.76 with a Total Asset Turnover recorded at a value of 0.40.Ault Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.30 and a Current Ratio set at 6.40.
Ault Global Holdings Inc. [DPW]: Insider Ownership positions
There are presently around $13 million, or 10.80% of DPW stock, in the hands of institutional investors. The top three institutional holders of DPW stocks are: VANGUARD GROUP INC with ownership of 2,230,322, which is approximately 643.005% of the company’s market cap and around 3.10% of the total institutional ownership; BLACKROCK INC., holding 1,030,712 shares of the stock with an approximate value of $2.44 million in DPW stocks shares; and MORGAN STANLEY, currently with $1.05 million in DPW stock with ownership of nearly 484.751% of the company’s market capitalization.
Positions in Ault Global Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 18 institutional holders increased their position in Ault Global Holdings Inc. [AMEX:DPW] by around 4,046,311 shares. Additionally, 18 investors decreased positions by around 1,231,031 shares, while 7 investors held positions by with 234,662 shares. The mentioned changes placed institutional holdings at 5,512,004 shares, according to the latest SEC report filing. DPW stock had 8 new institutional investments in for a total of 1,514,028 shares, while 10 institutional investors sold positions of 472,063 shares during the same period.