Datasea (NASDAQ:DTSS) Shares Down 0.9% – Here’s Why

Datasea Inc. (NASDAQ:DTSS) shares traded down 0.9% during trading on Thursday . The stock traded as low as $0.87 and last traded at $0.9083. 41,064 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 43,846 shares. The stock had previously closed at $0.9169.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Datasea in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Datasea Price Performance

The firm’s 50 day moving average price is $0.94 and its 200-day moving average price is $1.45. The firm has a market cap of $9.20 million, a price-to-earnings ratio of -2.75 and a beta of 0.83.

Datasea (NASDAQ:DTSS) last released its earnings results on Thursday, February 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. Datasea had a negative net margin of 4.80% and a negative return on equity of 88.98%. The company had revenue of $12.99 million during the quarter.

Hedge Funds Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new stake in Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea as of its most recent SEC filing. Institutional investors own 82.07% of the company’s stock.

About Datasea

Datasea Data Cloud Technology Co, Ltd. is a technology company specializing in real-time interactive video distribution and industrial Internet of Things (IoT) solutions. The company’s core platform integrates artificial intelligence (AI), big data analytics and cloud computing to deliver immersive video experiences across various applications. Built on its proprietary VIEwu real-time video engine, Datasea supports high-definition streaming, low-latency transmission and interactive functionalities tailored to enterprise and consumer markets.

Founded in 2007 and headquartered in Beijing, Datasea serves a diverse customer base that includes education providers, public security agencies, commercial enterprises and online entertainment platforms.