Hyperscale Data (NYSEAMERICAN:GPUS) Posts Earnings Results

Hyperscale Data (NYSEAMERICAN:GPUS) announced its earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $34.84 million during the quarter. Hyperscale Data had a negative return on equity of 102.89% and a negative net margin of 71.03%.

Hyperscale Data Price Performance

GPUS opened at $0.47 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $0.17 and a 200-day moving average price of $0.17. Hyperscale Data has a 12-month low of $0.09 and a 12-month high of $0.73.

Hyperscale Data’s stock is going to reverse split on the morning of Tuesday, August 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 24th.

Insiders Place Their Bets

In other news, CEO William B. Horne bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price of $19.00 per share, for a total transaction of $95,000.00. Following the transaction, the chief executive officer directly owned 5,000 shares of the company’s stock, valued at $95,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 433,200 shares of company stock valued at $176,331. Insiders own 40.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data in the 2nd quarter worth approximately $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the 4th quarter valued at $73,000. Virtu Financial LLC purchased a new position in Hyperscale Data in the 4th quarter worth $152,000. State Street Corp purchased a new position in Hyperscale Data in the 4th quarter worth $335,000. Finally, Geode Capital Management LLC lifted its stake in Hyperscale Data by 2,029.5% in the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares during the last quarter. 41.05% of the stock is owned by hedge funds and other institutional investors.

Hyperscale Data declared that its board has initiated a share repurchase program on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

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.