STOCKS TELEGRAPH

Tag: DSS

  • DSS Inc (DSS) stock lost 6.54% in the pre-market. Here’s why

    The stock of DSS Inc (DSS) closed the recent trading session at $0.56, gaining 47.24% from the previous trading session. On the last check, the stock lost 6.54% in the pre-market, to $0.53. DSS Inc issued a letter to its investors on February 28, 2022.

    DSS is a global organization working in blockchain security, marketing, medical care, land, banking, loaning, and finance. Its plan of action depends on a circulation framework in which investors get the shares in its auxiliaries. With a market cap of $45.14 million, the company has 79.75 million shares pending. The headquarter of DSS is in Victor, New York, United States of America (USA).

    DSS News

    On 28 February 2022, DSS issued a letter to its investors. The letter states that the energetic work of their devoted team has prompted critical value creation and has put them in a strong direction for sped-up development. The company said that in only two years, they added eight business lines. They also developed resources for more than $219 million, including $69 million for cash. Through three fruitful public offerings, the company raised total returns of more than $121 million.

    One of DSS’s subsidiaries, American Pacific Bancorp Inc (ABP) lent almost $26 million since September 2021 and has gathered a broadened arrangement of solid credit quality. APB’s portfolio incorporates legislative securities, C&I stock, and land advancement credits. DSS invested $40 million in ABP during the Q3 of FY21, which has been very fruitful. This investment drove the advancement of their business pay model in a greater number of ways.

    DSS also declared that Impact BioMedical, the foundation of their bio-health group, advanced on various fronts in 2021. They expect to report the first license deal soon. The direct selling of the company expanded by $170 million with high benefits due to the shift to in-home shopping and the development of the gig economy.

    The CEO of DSS, Frank D. Heuszel, commented that simulated by advancement, industry needs, and acquisitions, they are centered around and prepared to enable the brands. He further added that they remain dedicated to wealth creation and accept that they have established an essential framework for future growth.

  • Document Security Systems, Inc. (DSS) declined in the current market; here is why?

    The stock of Document Security Systems, Inc. (DSS) declined in the current market after the company announced its common stock issue for purchase to Alset EHome International, Inc. (AEI). DSS values at around $0.37, losing more than 9.84% from the previously closed value. At the end of the previous trading session, the stock closed at $0.41. The stock traded volume in the last trading session was around 909.08K shares.

    Reason for the stock decline

    As part of the deal, Document Security Systems agreed to issue up to 44,619,423 shares of common stock to Alset EHome International, Inc. (AEI) for a purchase price of $0.3810 per share. According to the NYSE American, LLC regulations and laws, the Company’s shareholders will have to give their consent before any new shares are issued.

    Alset EHome International, the firm’s principal stakeholder, has shown high confidence in the enterprise, according to the company. Due to the additional strength that our balance sheet has gained as a result of this newest cash infusion, we will be able to quickly capitalize on the plethora of possibilities across our different business lines.

    A previous couple of years has seen us work relentlessly to lay the groundwork for long-term wealth generation for our stockholders. According to the corporation, this approach is now entering its second phase, which will exploit this base to enhance revenue growth and eventually push bottom-line success.

    The effect on the stock

    The deal will result in some equity purchase of DSS by Alset EHome International, Inc. (AEI). Its stock might increase after the deal if the net proceedings gained from the deal are used correctly by Document Security Systems.

    Conclusion

    Document Security Systems, Inc. (DSS) stock is currently less than $1. To continue, they must value more than $1.00 per share. That is why they might have offered the common stock purchase agreement to AEI to use the net proceedings as working capital.

  • Document Security Systems, Inc. (DSS) Stock Leaping Forward in Early Trading. Here’s why.

    Document Security Systems, Inc. (DSS) is a leading global company. It is focused on businesses related to blockchain security, consumer packaging, renewable energy, digital assets security, fund management, and banking.

    The price of DSS stock during the regular trading on January 20, 2022, was last checked to be $0.56 with a surge of 2.34%.

    DSS: Events and Happenings

    On January 19, 2022, DSS reported about its entry into a stock acquisition contract with Alset EHome International Inc. The AEI is the shareholder of DSS and owns 15.24% of its outstanding common stock shares. AEI sold the 877,248,065 ordinary shares for a price of 59,979,582 shares of the DSS’ common stock. After the completion of the deal, AEI will become the majority shareholder by owning 55.52% of its outstanding shares of common stock.

    On January 11, 2022, DSS reported about its latest project of the development of Bio-plastics or plastics made from microbes. These plastics are manufactured to make everyday use items, virus-resistant and non-harmful to the planet.

    On January 10, 2022, DSS reported about one of its subsidiaries was engaged in digital assets and custody law practice in relation to the company’s alternative trading system. The company launched a novel marketplace for trading online assets based on equity securities.

    On December 20, 2021, DSS reported about one of its subsidiaries had issued approximately $20 million in loans since September 2021. On December 07, 2021, DSS reported that the company’s Executives presented at the Emerging Growth Conference. The conference was held on December 8, 2021.

    DSS: Key Financials

    On November 18, 2021, DSS reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.

    Revenue

    Revenue for the quarter in 2021 was $3.41 million compared to the same period of 2020 when it was $2.97 million.

    Net Income/Loss per Share

    Basic and diluted net loss for the quarter in 2021 was $6.6 million or $0.09 per share compared to Q3 2020 when net income per share was $4.9 million or $1.16 (basic) and $0.68 (diluted).

    Conclusion

    DSS stock is down by 62% from the past six months due to recession economic conditions because of pandemics. The company’s stock advanced forward in the recent early trading. The main reason for the surge as reported by the analysts is the company’s entry into a stock acquisition agreement.

  • These 10 Specialty Business Services Industry Stocks Need Your Attention

    These 10 Specialty Business Services Industry Stocks Need Your Attention

    Specialty Business Services Industry includes the consultants, companies, and firms that offer specialty business services. The companies involved in this industry are providing services such as warehousing, information distribution, printing, graphic design, billing and payroll, digital imaging, human resources, and other miscellaneous services. Often, businesses turn towards the specialty business services companies when they are unable to handle the processes in-house.

    Furthermore, these companies are also providing services such as technical writing and editing, and graphics, etc. The industry is continuously striving to meet the client’s expectations and provide them frictionless experience. Specialty business services may also support companies that are downsizing or mechanizing certain processes, or who are outsourcing certain capabilities overseas.

    Here are the top 10 leading companies in the specialty business services industry:

    Document Security Systems Inc. (AMEX: DSS)

    Document Security Systems Inc. (AMEX: DSS) shares were trading up 68.81% at $6.82 at the time of writing on Monday. Document Security Systems Inc. (AMEX: DSS) share price went from a low point around $3.67 to briefly over $15.60 in the past 52 weeks, though shares have since pulled back to $6.82. DSS market cap has remained high, hitting $36.49M at the time of writing, giving it a price-to-sales ratio of more than 2. Document Security Systems Inc. (DSS) has announced its 2020 third-quarter financial results on Monday. It has earlier acquired Impact BioMedica.

    Eastman Kodak Company (NYSE: KODK)

    Eastman Kodak Company (NYSE: KODK) last closed at $7.88, in a 52-week range of $1.50 to $60.00. The Klein Law Firm revealed that a class action complaint has been filed on behalf of shareholders of Eastman Kodak Company (KODK) stating that the Company violated federal securities laws.

    Global Payments Inc. (NYSE: GPN)

    Global Payments Inc. (NYSE: GPN) stock drop by -4.63% to $168.80. The most recent rating by Loop Capital, on September 22, 2020, is at a Buy. Global Payments Inc. (GPN) has announced that it is scheduled to release third quarter 2020 financial results before the market opens on Thursday, October 29, 2020. Global Payments Inc. (GPN)  market cap has remained high, hitting $50.21 Billion at the time of writing.

    Copart Inc. (NASDAQ: CPRT)

    Copart Inc. (NASDAQ: CPRT) shares headed falling, lower as much as -2.02%. The most recent rating by Northcoast, on August 19, 2020, is at a Neutral. Copart Inc. (CPRT) has earlier announced the appointment of three new members to its senior executive leadership team: Chief Operating Officer Steve Powers, Chief Marketing and Product Officer Scott Booker, and Chief Financial Officer John North.

    ABM Industries Incorporated (NYSE: ABM)

    ABM Industries Incorporated (NYSE: ABM) rose 0.64% after gaining more than $0.23 on Monday. ABM Industries Incorporated (ABM) has named Earl Ellis as the Company’s Executive Vice President and Chief Financial Officer, effective November 30, reporting directly to President and Chief Executive Officer, Scott Salmirs.

    IAA Inc. (NYSE: IAA)

    IAA Inc. (NYSE: IAA) last closed at $55.97, in a 52-week range of $21.79 to $59.30. Analysts have a consensus price target of $53.44. IAA Inc. (IAA) revealed the expansion of its Baltimore, Maryland, and Culpeper, Virginia branch locations. The additional acreage at these two locations will accommodate strong customer demand and increased inventory needs for the growing East Coast market.

    ARC Document Solutions Inc. (NYSE: ARC)

    ARC Document Solutions Inc. (NYSE: ARC) stock soar by 5.08% to $1.24. The most recent rating by B. Riley FBR, on November 08, 2018, is at a Buy. ARC Document Solutions Inc. (ARC) revealed its third-quarter expectations for significant quarterly increases in sales and earnings, and continuing strength in cash flow from operations.

    SPAR Group Inc. (NASDAQ: SGRP)

    SPAR Group Inc. (NASDAQ: SGRP) shares headed falling, lower as much as -6.25%. SPAR Group Inc. (SGRP) share price went from a low point around $0.55 to briefly over $1.38 in the past 52 weeks. It has moved up 36.36% from its 52-weeks low and moved down -45.65% from its 52-weeks high. SGRP market cap has remained high, hitting $16.13Million at the time of writing.

    Cintas Corporation (NASDAQ: CTAS)

    Cintas Corporation (NASDAQ: CTAS) fall -2.70% after losing more than -$9.14 on Monday. Cintas Corporation (CTAS) share has fluctuated between the 52-weeks low of $154.33 and a high range of $358.68. It has traded up 113.13% from its 52-weeks low and traded down -8.30% from its 52-weeks high. Cintas Corporation’s market cap has remained high, hitting $34.46 billion at the time of writing.

    Civeo Corporation (NYSE: CVEO)

    Civeo Corporation (NYSE: CVEO) last closed at $0.62, in a 52-week range of $0.34 to $1.54. Civeo Corporation (CVEO) has announced that it is scheduled to release its third-quarter 2020 results on October 28, 2020. It has moved up 82.95% from its 52-weeks low and moved down -59.58% from its 52-weeks high. CVEO market cap has remained high, hitting $108.29 Million at the time of writing.