DTSS Stock Surges Over 13% on Strong Revenue Growth Forecast

Nov 19, 2024

On Tuesday, shares of DataSea (DTSS, Financial) experienced a significant surge, climbing 13.45% to close at $2.70. The rally came after the company announced an impressive revenue forecast for the fiscal year 2025.

DataSea projected its revenue to reach $90 million, marking a substantial 275% increase compared to previous figures. Additionally, the company anticipated a significant improvement in gross profit margins, signaling positive momentum for its business operations.

Investors responded positively to the announcement, reflecting confidence in DataSea's growth prospects and potential profitability in the upcoming fiscal periods.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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