Datavault AI (NASDAQ:DVLT) Trading Up 30.6% - Here's What Happened

Key Points

• Datavault AI Inc. (NASDAQ:DVLT) saw its stock price surge 30.6% to $1.09, with trading volume hitting approximately 306 million shares, a significant increase from the average daily volume.
• Maxim Group upgraded Datavault AI's rating from "hold" to a "strong-buy" and set a price target of $3.00, indicating strong optimism among analysts.
• Despite a negative return on equity of 94.61% and a quarterly loss of $0.54 EPS, future earnings predictions for Datavault AI suggest potential growth, with analysts estimating -13.02 EPS for the current fiscal year.

Datavault AI Inc. (NASDAQ:DVLT - Get Free Report)'s stock price was up 30.6% during trading on Friday . The company traded as high as $1.38 and last traded at $1.09. Approximately 306,375,625 shares traded hands during mid-day trading, an increase of 2,541% from the average daily volume of 11,601,313 shares. The stock had previously closed at $0.83.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised Datavault AI from a "hold" rating to a "strong-buy" rating and set a $3.00 price objective for the company in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and a consensus price target of $7.00.

Datavault AI Stock Up 30.6%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.47. The company has a 50 day simple moving average of $0.47 and a 200 day simple moving average of $0.68.

Datavault AI (NASDAQ:DVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($0.54) EPS for the quarter. The firm had revenue of $1.74 million for the quarter. Datavault AI had a negative return on equity of 94.61% and a negative net margin of 1,309.82%. Research analysts predict that Datavault AI Inc. will post -13.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brett Moyer sold 130,754 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $0.40, for a total value of $52,301.60. Following the completion of the transaction, the insider owned 1,117,665 shares of the company's stock, valued at approximately $447,066. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 18.57% of the company's stock.

About Datavault AI

Datavault AI Inc, a data sciences technology company, owns and operates data management and supercomputer platforms. It offers data technology and software solutions. The company was formerly known as WiSA Technologies, Inc and changed its name to Datavault AI Inc in February 2025. Datavault AI Inc was incorporated in 2010 and is headquartered in Beaverton, Oregon.

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