Datasea Inc [NASDAQ: DTSS] gained 29.80% or 0.67 points to close at $2.94 with a heavy trading volume of 40403409 shares.
The daily chart for DTSS points out that the company has recorded -63.11% loss over the past six months.
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If we look at the average trading volume of 291.84K shares, DTSS reached to a volume of 40403409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Datasea Inc [DTSS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DTSS shares is $22.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DTSS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Datasea Inc is set at 0.25, with the Price to Sales ratio for DTSS stock in the period of the last 12 months amounting to 4.81. The Price to Book ratio for the last quarter was 7.09, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for DTSS stock
Datasea Inc [DTSS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 56.38. With this latest performance, DTSS shares gained by 42.72% in over the last four-week period, additionally sinking by -63.11% over the last 6 months – not to mention a drop of -30.25% 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 DTSS stock in for the last two-week period is set at 72.90, with the RSI for the last a single of trading hit 83.80, and the three-weeks RSI is set at 62.06 for Datasea Inc [DTSS]. The present Moving Average for the last 50 days of trading for this stock 2.36, while it was recorded at 2.34 for the last single week of trading, and 4.55 for the last 200 days.
Datasea Inc [DTSS]: A deeper dive into fundamental analysis
Datasea Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.19.
An analysis of Institutional ownership at Datasea Inc [DTSS]
There are presently around $0.27%, or 0.46%% of DTSS stock, in the hands of institutional investors.
