DatChat Inc (NASDAQ: DATS): A Business Review And Growth Forecast

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In today’s recent session, 90.33 million shares of the DatChat Inc (NASDAQ:DATS) have been traded, and its beta is 2.51. Most recently the company’s share price was $5.88, and it changed around $3.72 or 171.99% from the last close, which brings the market valuation of the company to $24.72M. DATS at last check was trading at a discount to its 52-week high of $9.34, offering almost -58.84% off that amount. The share price’s 52-week low was $1.01, which indicates that the recent value has risen by an impressive 82.82% since then. We note from DatChat Inc’s average daily trading volume that its 10-day average is 0.1 million shares, with the 3-month average coming to 9.00 million.

DatChat Inc (NASDAQ:DATS) trade information

Instantly DATS has been showing a green trend so far today with a performance of 171.99% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.74 on recent trading daydecreased the stock’s daily price by -2.44%. The company’s shares are currently up 230.06% year-to-date, but still up 145.82% over the last five days. On the other hand, DatChat Inc (NASDAQ:DATS) is 128.60% up in the 30-day period. We can see from the shorts that 0.24 million shares have been sold at a short interest cover period of 0.25 day(s).

DatChat Inc (NASDAQ:DATS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 6.53% of DatChat Inc shares, and 3.86% of them are in the hands of institutional investors. The stock currently has a share float of 4.13%.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 13.73 shares worth $65106.0, making up 0.46% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 9.29 shares worth around $44026.0, which represents about 0.31% of the total shares outstanding.