Hyperscale Data (NYSEAMERICAN:GPUS) Stock Jumps 19.1% – What’s Next?

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) rose 19.1% on Tuesday. The stock traded as high as $0.2177 and last traded at $0.2126. Approximately 72,602,096 shares changed hands during trading, The stock had previously closed at $0.1785.

Hyperscale Data Stock Performance

The stock’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) 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%.

Insider Buying and Selling

In related news, General Counsel Henry Carl Nisser bought 250,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of $0.19 per share, for a total transaction of $47,500.00. Following the completion of the purchase, the general counsel owned 250,000 shares of the company’s stock, valued at $47,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Milton C. Ault III purchased 10,311,874 shares of Hyperscale Data stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $0.49 per share, with a total value of $5,052,818.26. Following the acquisition, the chairman owned 13,925,566 shares of the company’s stock, valued at approximately $6,823,527.34. This trade represents a 285.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 14,721,005 shares of company stock valued at $5,932,111 in the last 90 days. Insiders own 40.09% of the company’s stock.

About Hyperscale Data

Hyperscale Data, Inc is a diversified holding company focused on data center operations, high-performance computing and related technology infrastructure. Through its subsidiaries, the company develops and operates facilities designed to support energy-intensive computing applications, including artificial intelligence, cloud computing and digital asset mining.

The company’s activities have also included bitcoin mining, technology development, equipment financing and strategic investments in operating businesses.