Document Security Systems Inc. (DSS) Volatility Spurs A Quest For Clarity

    SBUX Stock
    SBUX Stock

    Renaissance Technologies LLC recently announced the acquisition of new stake in Document Security Systems Inc. (AMEX:DSS). The institutional investor has increased its shareholding in the Industrials company by 413.96% to 0.1 million shares with purchase of 81997.0 shares. This fresh investment now brings its stake to 2.20% valued currently at $0.81 million. In addition, ExodusPoint Capital Management LP raised its holdings by 26890.0 to 26890.0 shares. And The Vanguard Group, Inc. has lifted its position by 321.40% or 13981.0 shares – to 18331.0 shares.

    With over 1.25 million Document Security Systems Inc. (DSS) shares trading Tuesday and a closing price of $7.10 on the day, the dollar volume was approximately $8.9 million. The shares have shown a positive weekly performance of 10.94% and its price on 09/01/20 gained nearly 11.11%. Currently, there are 4.63M common shares owned by the public and among those 3.32M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for DSS have a consensus price objective of $14.00. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $14.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Document Security Systems Inc. stock is 2.00 for the next 12 months. But an upside of 49.29% will see the stock hit the forecast high price target while mean target price for the stock is $14.00.

    Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 28,572,140 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Document Security Systems Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Series Total Market Inde. Vanguard Extended Market Index Fu owns 18331.0 shares of the company’s stock, all valued at over $0.15 million. Fidelity Series Total Market Inde bought 1.0 shares to bring its total holdings to over 1793.0 shares at a value of $14308.0. Fidelity Series Total Market Inde now owns shares totaling to 0.04% of the shares outstanding.

    Shares of Document Security Systems Inc. (AMEX: DSS) opened at $6.78, up $0.39 from a prior closing price of $6.39. However, the script later closed the day at $7.10, up 11.11%. The company’s stock has a 5-day price change of 10.94% and -17.63% over the past three months. DSS shares are trading -21.43% year to date (YTD), with the 12-month market performance down to -40.83% lower. It has a 12-month low price of $3.67 and touched a high of $15.60 over the same period. Currently, 1.25 million shares have been traded, compared to an average intraday trading volume of 908.03K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.39%, -6.87%, and -9.96% respectively.

    Institutional ownership of Document Security Systems Inc. (AMEX: DSS) shares accounts for 3.80% of the company’s 4.63M shares outstanding. Mutual fund holders own 26.95%, while other institutional holders and individual stakeholders account for 3.10% and 0.69% respectively.

    It has a market capitalization of $31.10M and a beta (3y monthly) value of 2.18. The earnings-per-share (ttm) stands at -$2.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.83% over the week and 9.82% over the month.

    Analysts forecast that Document Security Systems Inc. (DSS) will achieve an EPS of -$0.19 for the current quarter, $0.06 for the next quarter and $0.14 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.19. Comparatively, EPS for the current quarter was -$1.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -230.90%, and 35.00% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Document Security Systems Inc. (DSS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the DSS, a number of firms have released research notes about the stock. Aegis Capital stated their Buy rating for the stock in a research note on June 24, 2020, with the firm’s price target at $14. Dawson James coverage for the Document Security Systems Inc. (DSS) stock in a research note released on July 22, 2013 offered a Buy rating with a price target of $4.


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