DTSS Stock Plummets Over 5% as Market Reacts to Earnings Report

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Oct 28, 2024

Shares of Datasea Inc. (DTSS, Financial) experienced significant volatility with a sharp decline of 5.26%. The stock is currently priced at $2.34 per share, with a trading volume of 50,469 shares, a turnover rate of 0.98%, and a price fluctuation of 6.88%.

Recent financial reports show that Datasea Inc. generated $23.98 million in revenue but reported a net loss of $12.21 million, resulting in an earnings per share (EPS) of -$4.70. The company's gross margin stands at -$20,375, with a price-to-earnings ratio of -0.54. As of now, there are no institutional ratings offering a buy, hold, or sell recommendation for the stock.

Within the software services sector, where Datasea Inc. operates, the overall industry saw a modest increase of 0.16%. Other stocks in the sector showing substantial gains include Porch Group, Inc. and Arqit Quantum Inc. C/Wts 03/09/2026 (To Pur Com), while Cemtrex Inc., Phunware, Inc., and Jet.AI demonstrated high activity levels. Stocks with notable price swings were Zapata Computing Holdings Inc., Porch Group, Inc., and Hub Cyber Security Ltd. C/Wts 22/08/2025 (To Pur Com).

Datasea Inc. is a company in the development stage focused on internet security products. It offers a variety of services and products including internet security devices, new media advertising, micro-marketing services, ISP connection services, and big data processing services, primarily operating in China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.