Hyperscale Data (NYSEAMERICAN:GPUS) CEO Purchases 1,000 Shares

Hyperscale Data, Inc. (NYSEAMERICAN:GPUSGet Free Report) CEO William Horne acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average price of $18.00 per share, with a total value of $18,000.00. Following the completion of the transaction, the chief executive officer owned 6,000 shares of the company’s stock, valued at $108,000. The trade was a 20.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hyperscale Data Price Performance

GPUS stock traded up $0.00 during trading on Friday, reaching $0.18. 22,156,098 shares of the stock were exchanged, compared to its average volume of 15,738,337. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. The business has a 50 day moving average price of $0.61 and a 200-day moving average price of $0.76. Hyperscale Data, Inc. has a 1 year low of $0.17 and a 1 year high of $3.65.

Hyperscale Data (NYSEAMERICAN:GPUSGet Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%. The firm had revenue of $34.84 million during the quarter.

Hyperscale Data announced that its board has approved a stock buyback plan on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Hyperscale Data Company Profile

(Get Free Report)

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.

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