Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) CEO William Horne acquired 200,000 shares of Hyperscale Data stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $0.17 per share, with a total value of $34,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $34,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Hyperscale Data Trading Down 8.0%
GPUS stock traded down $0.01 during trading on Friday, hitting $0.15. The company had a trading volume of 29,480,591 shares, compared to its average volume of 43,307,625. Hyperscale Data, Inc. has a fifty-two week low of $0.11 and a fifty-two week high of $4.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53. The business has a 50 day moving average of $0.15 and a 200 day moving average of $0.20.
Hyperscale Data declared that its board has authorized a stock buyback plan on Tuesday, May 26th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
Hedge Funds Weigh In On Hyperscale Data
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.
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