Hyperscale Data (NYSEAMERICAN:GPUS) Stock Price Down 4.2% – Here’s What Happened

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS)’s stock price dropped 4.2% during trading on Monday . The company traded as low as $0.1989 and last traded at $0.2037. Approximately 13,476,517 shares traded 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 Price Performance

The company has a current ratio of 0.50, a quick ratio of 0.49 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.40.

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

Insider Activity at Hyperscale Data

In related news, Chairman Milton C. Ault III purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $0.18 per share, with a total value of $180,000.00. Following the completion of the acquisition, the chairman directly owned 2,500,005 shares in the company, valued at $450,000.90. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 2,618,872 shares of company stock worth $535,999 in the last three months. 35.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyperscale Data

An institutional investor recently bought a new position in Hyperscale Data stock. Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,721 shares of the company’s stock, valued at approximately $47,000. Qube Research & Technologies Ltd owned 0.17% of Hyperscale Data as of its most recent filing with the Securities and Exchange Commission. 41.05% of the stock is owned by hedge funds and other institutional investors.

About Hyperscale Data

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.