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Data Storage (DTST) Trading Analysis
Recent Developments:
Bullish MACD Signal: Data Storage (DTST, $2.97) saw its Moving Average Convergence Divergence (MACD) Histogram turn positive on August 25, 2023. This bullish indicator suggests that the price of DTST might rise in the near future. Historical data supports this optimism - out of 59 similar cases of DTST's MACD histogram becoming positive, 45 led to favorable outcomes, indicating a 76% success rate.
Earnings Report: On August 14, the company reported earnings per share of 2 cents, surpassing the anticipated 1 cent. With a total of 141.56K shares outstanding, DTST's market capitalization stands at $18.86M.
Industry Overview:
The Information Technology (IT) Services Industry focuses on creating hardware and software that facilitates data storage, retrieval, transmission, and manipulation on computer systems. Dominated by giants like IBM, Accenture, and VMware, the IT industry has expanded rapidly, thanks to the increasing significance of data. Presently, the industry boasts a total market capitalization in the trillions.
Key Industry Metrics:
Market Capitalization:
The average market capitalization across the Information Technology Services Industry is $7.53B. While Accenture PLC (NYSE:ACN) claims the top spot with a valuation of $201.07B, ARSC sits at the lower end with no valuation.
Price Movements:
Over the past week, the industry saw an average price decline of 0%. The monthly and quarterly price changes stood at -4% and -3%, respectively. UTRX showcased the most significant price surge at 26%, whereas AGIL witnessed the steepest drop, plummeting by 57%.
Volume Analysis:
Weekly volume growth for stocks in the IT Services Industry decreased by 23%. On a monthly and quarterly basis, the volume shrank by 38% and 15%, respectively.
Fundamental Analysis Ratings:
DTST's Recent Performance:
Over the last five trading days, DTST experienced a commendable growth of +13.79%, with an average daily trading volume of 5,397 shares. The stock, however, saw a minor drawdown of -7.98% during the same period. With the current price standing at $2.97 as of August 24, predictions indicate a potential growth, targeting a price point of $3.17. This projection offers a return on investment of 6.90% or $0.20 per share, backed by a 3.62% success probability. The bullish pattern was further cemented when the stock price touched $2.32.
While the overall Information Technology Services Industry has faced some downturns in recent times, DTST's optimistic indicators suggest potential growth for traders and investors. As always, it's essential to exercise caution and perform one's due diligence before making any investment decisions.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where DTST declined for three days, in of 292 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on February 05, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on DTST as a result. In of 111 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DTST turned negative on January 27, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
DTST moved below its 50-day moving average on February 03, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DTST crossed bearishly below the 50-day moving average on February 07, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Aroon Indicator entered an Uptrend today. In of 131 cases where DTST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DTSTβs price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.374) is normal, around the industry mean (30.457). P/E Ratio (204.500) is within average values for comparable stocks, (58.871). DTST's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.531). DTST has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (1.181) is also within normal values, averaging (12.091).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DTSTβs unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry InformationTechnologyServices