Data Storage (DTST) Stock Price, News & Analysis

Company Overview

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense. The company also provides data protection and recovery solutions, such as ezVault for offsite data protection; ezRecovery for fast data recovery; ezAvailability for real-time data replication with minimal recovery objectives; and ezMirror for data mirroring at the storage level. In addition, it offers cloud hosted production systems comprising ezHost, which delivers managed cloud services; and voice and data solutions, including Nexxis, which specializes in voice over internet protocol, internet access, and data transport solutions, which comprise dedicated internet services, SD-WAN options, and a cloud-based PBX solution. The company offers its solutions and services to businesses in healthcare, banking and finance, distribution services, manufacturing, construction, education, and government industries. Data Storage Corporation was founded in 2001 and is headquartered in Melville, New York.

Key Stats

• Today's Range: $3.53 to $3.69
• 50-Day Range: $3.32 to $6.44
• 52-Week Range: $2.62 to $8.00
• Volume: 12,060 shs
• Average Volume: 113,500 shs
• Market Capitalization: $25.51 million
• P/E Ratio: 40.67
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Data Storage Stock Analysis - MarketRank™

Data Storage scored higher than 25% of companies evaluated by MarketBeat, and ranked 562nd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Data Storage.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Data Storage is 40.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Data Storage is 40.89, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 275.88.

Price to Book Value per Share Ratio

Data Storage has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.93% of the float of Data Storage has been sold short.

Short Interest Ratio / Days to Cover

Data Storage has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Data Storage has recently decreased by 3.93%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Data Storage does not currently pay a dividend.

Dividend Growth

Data Storage does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.93% of the float of Data Storage has been sold short.

Short Interest Ratio / Days to Cover

Data Storage has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Data Storage has recently decreased by 3.93%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.84

News Sentiment

Data Storage has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Data Storage this week, compared to 1 article on an average week.

Search Interest

11 people have searched for DTST on MarketBeat in the last 30 days. This is an increase of 450% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Data Storage insiders have not sold or bought any company stock.

Percentage Held by Insiders

42.18% of the stock of Data Storage is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 11.56% of the stock of Data Storage is held by institutions.

DTST Stock Analysis - Frequently Asked Questions

How have DTST shares performed this year?

Data Storage's stock was trading at $2.88 at the beginning of 2024. Since then, DTST stock has increased by 27.8% and is now trading at $3.68.
View the best growth stocks for 2024 here.

How were Data Storage's earnings last quarter?

Data Storage Co. (NASDAQ:DTST) announced its earnings results on Wednesday, August, 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.03 by $0.07. The company earned $4.91 million during the quarter. Data Storage had a net margin of 0.86% and a trailing twelve-month return on equity of 1.08%.

Who are Data Storage's major shareholders?

Data Storage's top institutional investors include Renaissance Technologies LLC (1.29%) and Acadian Asset Management LLC (0.21%).
View institutional ownership trends.

How do I buy shares of Data Storage?

Shares of DTST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/14/2024
• Today: 9/17/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:DTST
• CUSIP: N/A
• CIK: 1419951
• Web: www.datastoragecorp.com
• Phone: (212) 564-4922
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.09
• Trailing P/E Ratio: 39.45
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $380,000.00
• Net Margins: 0.86%
• Pretax Margin: 0.62%
• Return on Equity: 1.08%
• Return on Assets: 0.89%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.24
• Quick Ratio: 4.24

Sales & Book Value

• Annual Sales: $25.32 million
• Price / Sales: 0.98
• Cash Flow: $0.24 per share
• Price / Cash Flow: 15.03
• Book Value: $2.88 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 6,971,000
• Free Float: 4,031,000
• Market Cap: $24.75 million
• Optionable: Not Optionable
• Beta: 0.72