Could DatChat Inc (DATS)’s Current Volatility Hinder Its Future Potential?

IPW

DatChat Inc (NASDAQ:DATS) has a beta value of 2.35 and has seen 202.71 million shares traded in the last trading session. The company, currently valued at $26.88M, closed the last trade at $8.93 per share which meant it gained $6.97 on the day or 355.61% during that session. The DATS stock price is 53.75% off its 52-week high price of $4.13 and 88.69% above the 52-week low of $1.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.19 million shares traded. The 3-month trading volume is 1.31 million shares.

DatChat Inc (NASDAQ:DATS) trade information

Sporting 355.61% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DATS stock price touched $8.93 or saw a rise of 4.39%. Year-to-date, DatChat Inc shares have moved 401.69%, while the 5-day performance has seen it change 382.70%. Over the past 30 days, the shares of DatChat Inc (NASDAQ:DATS) have changed 416.18%. Short interest in the company has seen 0.36 million shares shorted with days to cover at 0.89.

DatChat Inc (DATS) estimates and forecasts

The company’s shares have gained 734.58% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.32% over the past 5 years.

DATS Dividends

DatChat Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

DatChat Inc (NASDAQ:DATS)’s Major holders

Insiders own 9.14% of the company shares, while shares held by institutions stand at 4.61% with a share float percentage of 5.07%. Investors are also buoyed by the number of investors in a company, with DatChat Inc having a total of 13.0 institutions that hold shares in the company.