DSS, Inc. (NYSE: DSS): DSS, Inc. operates in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, securitized digital assets, securities trading and fund management, banking, lending, and finance businesses worldwide.
Why should Investors Book Profits?
DSS stocks have been heavily beaten down on the street over the past six months, given its poor financial performance, operating losses and bottom line losses. Further, amid a volatile market condition, it would be wise to stick with fundamentally strong company rather than the weak one.
Also, DSS’s share price mostly tilted towards its 52W Low (52-week H/L range USD 4.67 and USD 0.33) and trading well below its crucial long-term support level of 200-day SMAs, a long-term bearish trend. Based on the continuous losses, Ukraine crisis, regulation risk, unfavourable technical indicators, and current valuation, we recommend a “SELL" rating on the stock at the closing price of USD 0.66, up ~72%, as of February 28, 2022 at 01:45 PM ET.
Technical Price Chart (as of February 28, 2022, at 01:45 PM ET). Source: REFINITIV, Analysis by Kalkine Group
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.