Data Storage Corp (NASDAQ: DTST) stock closed at $6.82 on 5/20/24 after a major increase of 12.7%. Moreover, unusually high trading volume at 164% of normal accompanied the advance. The stock has risen 19.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DTST’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
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 17 but a very high Power Rating of 89, producing 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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