Hyperscale Data (NYSEAMERICAN:GPUS) Shares Down 4.2% – Should You Sell?

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS)’s stock price was down 4.2% on Monday . The stock traded as low as $0.1989 and last traded at $0.2037. Approximately 13,476,517 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 27,235,700 shares. The stock had previously closed at $0.2127.

Hyperscale Data Stock Down 4.2%

The firm’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.40. The company has a current ratio of 0.50, a quick ratio of 0.49 and a debt-to-equity ratio of 0.03.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its quarterly earnings data on Monday, November 17th. The company reported ($0.39) earnings per share for the quarter. The firm had revenue of $24.33 million during the quarter. Hyperscale Data had a negative net margin of 38.79% and a negative return on equity of 217.89%.

Insider Activity

In other Hyperscale Data news, Chairman Milton C. Ault III acquired 1,000,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $0.18 per share, with a total value of $180,000.00. Following the transaction, the chairman owned 2,500,005 shares in the company, valued at $450,000.90. The trade was a 66.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 2,618,872 shares of company stock worth $535,999. Corporate insiders own 35.52% of the company’s stock.

Hedge Funds Weigh In On Hyperscale Data

A hedge fund recently raised its stake in Hyperscale Data stock. Geode Capital Management LLC increased its position in Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) by 2,029.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,482,917 shares of the company’s stock after purchasing an additional 3,319,363 shares during the period. Geode Capital Management LLC owned 1.08% of Hyperscale Data worth $639,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.05% of the company’s stock.

Hyperscale Data Company Profile

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.