Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Purchases $22,500.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of $0.18 per share, for a total transaction of $22,500.00. Following the acquisition, the chairman owned 2,888,692 shares of the company’s stock, valued at $519,964.56. The trade was a 4.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hyperscale Data Stock Up 1.9%

NYSEAMERICAN GPUS traded up $0.00 during trading hours on Thursday, hitting $0.18. 19,983,418 shares of the company’s stock traded hands, compared to its average volume of 15,693,399. Hyperscale Data, Inc. has a 52 week low of $0.17 and a 52 week high of $3.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. The business’s fifty day moving average price is $0.62 and its two-hundred day moving average price is $0.76.

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

Hyperscale Data declared that its Board of Directors has approved a share buyback program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board 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.