On 3/13/24, Data Storage Corp (NASDAQ: DTST) stock enjoyed a major increase of 18.3%, closing at $6.67. Moreover, exceptionally high trading volume at 539% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.6% during the last week.
Current PriceTarget Research Rating
DTST’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a Value Eraser.
Data Storage has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Data Storage has a poor Appreciation Score of 18 but a very high Power Rating of 92, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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