Last Updated: 13 Sep 2024
Executive Summary
Data Storage Corp (DTST) is a provider of multi-cloud IT solutions. The company's latest stock price is $3.77, with a market capitalization of $25.81 million. DTST has a trailing PE ratio of 123 and a forward PE ratio of N/A. The company's fundamentals are weak, with negative operating and net margins. However, DTST has a strong balance sheet with no debt. The technical analysis suggests that the stock is in a downtrend. The short-term outlook is negative, while the long-term outlook is uncertain.
Company Overview
Data Storage Corp provides multi-cloud IT solutions primarily in the United States. The company's services include cloud migration, cloud management, and data protection. DTST's customers include enterprises, government agencies, and educational institutions. The company has a strong track record of innovation, and it has been recognized for its expertise in cloud computing.
Fundamental Analysis
DTST's fundamentals are weak. The company has negative operating and net margins. This is due to the company's high costs of sales and administration. DTST also has a high level of debt, which is a concern.
Technical Analysis
The technical analysis of DTST suggests that the stock is in a downtrend. The stock has been making lower highs and lower lows since its peak in early 2023. The stock is currently trading below its 50-day and 200-day moving averages.
Short Term Outlook
The short-term outlook for DTST is negative. The stock is in a downtrend, and there are no signs of a reversal. The company's fundamentals are also weak, which is a concern.
Long Term Outlook
The long-term outlook for DTST is uncertain. The company's fundamentals are weak, but it has a strong track record of innovation. If DTST can improve its margins and reduce its debt, it could be a good long-term investment.
Analyst Recommendations
The majority of analysts have a "hold" rating on DTST. This suggests that analysts are not expecting the stock to perform well in the near term. However, some analysts have a "buy" rating on the stock, suggesting that they believe the company's long-term prospects are good.
