Hyperscale Data Stock Scheduled to Reverse Split on Tuesday, August 25th (NYSEAMERICAN:GPUS)

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) are set to reverse split on the morning of Tuesday, August 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN:GPUS opened at $0.47 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.53 and a quick ratio of 0.50. The stock’s 50-day simple moving average is $0.17 and its two-hundred day simple moving average is $0.17. Hyperscale Data has a 52-week low of $0.09 and a 52-week high of $0.73.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $34.84 million during the quarter. Hyperscale Data had a negative return on equity of 102.89% and a negative net margin of 71.03%.

Hyperscale Data declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Hyperscale Data

In other Hyperscale Data news, CEO William B. Horne bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief executive officer owned 5,000 shares of the company’s stock, valued at $95,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 433,200 shares of company stock worth $176,331 in the last three months. Insiders own 40.09% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data during the 2nd quarter valued at $47,000. Geode Capital Management LLC increased its stake in shares of Hyperscale Data by 2,029.5% in the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares in the last quarter. LPL Financial LLC bought a new position in Hyperscale Data in the 4th quarter worth $73,000. State Street Corp bought a new position in Hyperscale Data in the 4th quarter worth $335,000. Finally, Virtu Financial LLC bought a new position in Hyperscale Data in the 4th quarter worth $152,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.

About Hyperscale Data

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.