Hyperscale Data Stock to Reverse Split on Tuesday, August 25th (NYSEAMERICAN:GPUS)

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS)’s stock is set to reverse split on Tuesday, August 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Hyperscale Data Price Performance

Shares of GPUS stock opened at $0.09 on Monday. Hyperscale Data has a 1-year low of $0.09 and a 1-year high of $0.73. The stock’s fifty day moving average price is $0.16 and its 200 day moving average price is $0.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Monday, May 18th. The company reported ($0.09) earnings per share for the quarter. Hyperscale Data had a negative return on equity of 124.90% and a negative net margin of 76.04%.The business had revenue of $44.08 million for the quarter.

Hyperscale Data announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 26th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CEO William B. Horne acquired 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $0.17 per share, with a total value of $34,000.00. Following the transaction, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $34,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Milton C. Ault III bought 397,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $0.13 per share, with a total value of $51,675.00. Following the completion of the purchase, the chairman directly owned 666,300 shares in the company, valued at $86,619. This represents a 147.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 930,700 shares of company stock worth $241,006. Corporate insiders own 40.09% of the company’s stock.

Institutional Trading of Hyperscale Data

Several large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new position in Hyperscale Data during the 2nd quarter valued at approximately $47,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data during the fourth quarter worth $73,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the fourth quarter worth $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data during the fourth quarter valued at $335,000. Finally, Geode Capital Management LLC grew its holdings in shares of Hyperscale Data by 2,029.5% during the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after buying an additional 3,319,363 shares during the last quarter. Hedge funds and other institutional investors own 41.05% of the company’s stock.

Hyperscale Data Company Profile

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.