Nevada incorporate company Datasea Inc (NASDAQ:DTSS) has seen its stock go through a strong rally in recent days and it is likely to be in focus among many investors today. Last Friday the stock had come into considerable focus and managed to record gains of 9%.
Trading Data
On Friday, DTSS stock moved up 10.96% to $1.62 with 1.32 million shares, compared to its average volume of 163k shares. The stock moved within a range of $1.4200 – 1.8500 after opening trade at $1.42.
Earnings Recap
That took the gains made by the Datasea stock in the past week to as much as 22%. In this situation, it may be useful for investors to take a closer look at the digital technology corporation. The company is primarily focussed on a total of three connected yet innovative business segments. The three segments in question are Chinese smart cities, acoustic intelligence and 5G messaging.
The company announced its financial results for the second fiscal quarter that had ended on December 31, 2021. In the quarter, the company managed to bring in revenues to the tune of as much as $8979479 and that proved to be a considerable improvement on the $126184 in revenues that had been generated in the prior year period. On the other hand, the gross profits for the period stood at $246299 and that was again a significant improvement on the gross profit of $86070 in the prior year period.
Technical Data
DTSS stock is above the 20-Day and 50-Day Moving averages of $1.34 and $1.38 respectively. However, the stock is trading below the 200-Day moving average of $2.06.
