Datasea (NASDAQ:DTSS) Issues Quarterly Earnings Results

Datasea (NASDAQ:DTSS) announced its earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, Zacks reports. Datasea had a negative net margin of 5.17% and a negative return on equity of 110.68%.

Datasea Stock Performance

NASDAQ:DTSS traded down $0.07 on Thursday, hitting $0.98. The stock had a trading volume of 23,265 shares, compared to its average volume of 121,347. Datasea has a 52-week low of $0.64 and a 52-week high of $2.89. The stock has a market cap of $8.40 million, a price-to-earnings ratio of -2.33 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $0.99 and its two-hundred day simple moving average is $1.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund 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. Hedge funds and other 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.