The stock of Document Security Systems, Inc. (NYSE:DSS) is now priced at $8.06 and the shares are -0.11 points down or -1.35% lower compared to its previous closing price of $8.17. The stock had 167643 contracts set over the past session. DSS shares’ daily volume is compared to its average trading volume at 613803 shares. However, it has a float of 1.47 million and although its performance was -4.95% over the week, it’s one to watch. DSS share price recently placing at $8.06 to $8.35. However, some brokerage firms have priced the stock below the average, including one that has called $14.
The shorts are running away from the Document Security Systems, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the DSS shares have declined. Short interest in the stock represents just 3.71% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly .
In the last trading session, Document Security Systems, Inc. (NYSE:DSS) dropped by -$0.42 over the week and lost -$0.56 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $15.6. The stock recorded its established 52-week high on 03/12/20.
Since 03/09/20, the stock has traded to a low of $3.68 at 119.32%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.33. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Document Security Systems, Inc.’s two-week RSI is 45.44. This suggests that the stock is neutral at the moment and that DSS shares’ price movement remains stable. The stochastic readings are equally revealing at 23.81% meaning the DSS share price is currently in overbought territory.
The technical chart shows that the DSS stock will likely settle at between $8.26 and $8.46 per share. However, if the stock dips below $7.89, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $7.72.
Currently, the stock is trading in the red of MACD, with a reading of -0.06. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned DSS a rating of Buy in their intiating review released on June 24. Dawson James analysts see the stock as a Buy with a target price of $4 in a flash note released to investors on July 22 initiating covering the stock.
The average rating for the DSS equity is 2 and is currently gathering a bullish momentum. Of 1 analysts tracking Document Security Systems, Inc. polled by Reuters, 0 rated DSS as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands at 0below the group’s average of 60.5. Document Security Systems, Inc. has its P/E ratio at 1.6, which means that the stock is currently trading at a discount relative to the 4.1 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Document Security Systems, Inc. (NYSE:DSS) will decrease by about -99.91%, which will see them reach $4.29 million. The company’s full-year revenues are, however, expected to increase by about 3.19%, up from $19.41 million to $20.03 million. DSS’s expected adjusted earnings should drop almost -54.67% to end up at -$0.68 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -29.39% to record -$2.33/share.