Hyperscale Data (NYSEAMERICAN:GPUS) Issues Earnings Results

Hyperscale Data (NYSEAMERICAN:GPUS) issued its quarterly earnings results on Wednesday. The company reported ($0.05) 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 124.90% and a negative net margin of 76.04%.

Hyperscale Data Stock Performance

GPUS stock opened at $0.47 on Thursday. The firm has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.53 and a quick ratio of 0.50. Hyperscale Data has a 52 week low of $0.09 and a 52 week high of $0.73.

Hyperscale Data shares are scheduled 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 acquired 200,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $0.17 per share, for a total transaction of $34,000.00. Following the acquisition, the chief executive officer owned 200,000 shares in the company, valued at approximately $34,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 433,200 shares of company stock valued at $176,331. Company insiders own 40.09% of the company’s stock.

Institutional Inflows and Outflows

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

Hyperscale Data announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership 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.