Datasea (DTSS) to Release Quarterly Earnings on Wednesday

Datasea (NASDAQ:DTSS) will likely be issuing its results before the market opens on Wednesday, May 20th. Analysts expect the company to announce earnings of ($0.60) per share and revenue of $3.10 million for the quarter.

Datasea (NASDAQ:DTSS) last announced its earnings results on Thursday, February 12th. The company reported ($0.06) EPS for the quarter. Datasea had a negative return on equity of 88.98% and a negative net margin of 4.80%.The company had revenue of $13.00 million during the quarter.

Datasea Stock Performance

Shares of Datasea stock opened at $0.83 on Wednesday. Datasea has a one year low of $0.64 and a one year high of $2.80. The stock’s fifty day moving average is $0.94 and its 200 day moving average is $1.09. The stock has a market cap of $8.67 million, a P/E ratio of -2.59 and a beta of 0.80.

Institutional Investors Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP purchased a new position in Datasea Inc. (NASDAQ:DTSS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned approximately 0.27% of Datasea as of its most recent filing with the Securities and Exchange Commission. 82.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Datasea from a “sell (e)” rating to a “sell (e-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.