Find more key company details here (Source 2).
And right now, DATS has multiple potential breakout catalysts to know. Here's just a few:
No. 1 DATS Potential Breakout Catalyst - A Low Float Profile
According to the Yahoo Finance website, DATS has a low float.
The website reports this profile to have approximately 14.59Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 2 DATS Potential Breakout Catalyst - Oversold Leaning Technicals/Possible Healthy Reversal
As of close on Friday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term for DATS.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of close Friday) that could signal DATS to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 30.27%
- 14-Day Relative Strength Index: 32.57%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 10.43%
- 14-Day Williams %R: 89.57%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
No. 3 DATS Potential Breakout Catalyst - New Hire Could Be An Experienced-Filled Game-Changer
DatChat Appoints Mark Mathis as Chief Block-chain Architect to Lead Web 3.0 Initiatives
NEW BRUNSWICK, N.J., Jan. 03, 2022 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or the “Company”) (Nasdaq: DATS), a communications and social media company that gives users the ability to communicate, share, and post with privacy and screenshot protection, today announced the appointment of Mark Mathis as its first Chief Block-chain Architect. The Chief Block-chain Architect position will focus on aligning the Company's strategic initiatives with the increasing adoption of block-chain technology primarily through development and integration within the DatChat ecosystem.
Mathis brings over 20 years of experience in senior software and technology development positions, including leadership roles at IBM, Ally Bank, and Bank of America. Mathis will leverage his deep domain expertise in block-chain development and implementation to strengthen DatChat's technology platform and ecosystem in this newly created role.
"Mark is an experienced software development veteran and demonstrated thought leader in the quickly growing block-chain space, and we're pleased to welcome him to DatChat to lead our Web 3.0 initiatives," said Company CEO Darin Myman. "Innovation, agility, and adaptability are key strengths of our organization, and we believe continued investment in Web 3.0 technologies sets us apart, not only in the messaging and social media space but as a visionary technology company. We look forward to leveraging his experience from leadership at blue-chip organizations and development expertise as we work to scale our platform."
Mathis commented, "We have an opportunity to drive the adoption of block-chain further and shape the social media ecosystem by continuing to invest and build our platform leveraging block-chain as a foundational element of our work. DatChat's efforts are at the forefront of the technology industry, and I'm excited to join an organization seeking to lead the next evolution of how we communicate."
Read the full article here.
No. 4 DATS Potential Breakout Catalyst - Company Launches Brand News Social Network
DatChat Launches Social Network+ Privacy Platform
NEW BRUNSWICK, N.J., Oct. 28, 2021 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat") (Nasdaq: DATS), a communications and social media company that gives users the ability to communicate, share, and post with privacy and screenshot protection, today announced the launch of DatChat Social Network+, a social-networking focused expansion of the DatChat messaging platform. The newly-added features include content aggregation and discoverability, social engagement tools, a verified influencer platform and monetization tools, and an iMessage App with screenshot protection for pictures and messages.
The platform's expansion offers users the ability to find and engage with personally relevant content within the privacy and protection of the DatChat ecosystem. Users can now access a feed of content served on the DatChat Social Network+, create private and public Communities and Pages based on interests, and follow one another.
"We have the same right to privacy online that we all enjoy in our homes and with our friends in real life," said Darin Myman, founder and CEO of DatChat. "Two of our major initiatives right now are the continued expansion of the engineering team to accelerate platform development and the launch of our national marketing campaign to build brand awareness and acquire new users. Our new offices, located at 204 Neilson Street in New Brunswick, New Jersey, will provide us the room to grow."
DatChat's core model and key differentiator is personal privacy. The messaging and app platform uses patented technology to maintain privacy for users and ensures control by users of their personal online data. All posts are encrypted and can be permanently deleted at any time or set to self-destruct at a specific time, allowing users to share with the privacy and protection they deserve. Additionally, users are given the ability to protect the information they share.
The DatChat Social Network+ expansion of features will begin with today's Phase 1 launch of DatChat Social Network+ that includes content aggregation and discoverability, social engagement tools, public and private social network creation, verified influencer platform, and an iMessage App with screenshot protection for pictures and messages. Phase 2, scheduled for next month, is expected to include influencer tools for monetization and content creation, bolstered group moderation capabilities, enhanced commenting controls, and advanced social networking and messaging features available via in-app purchase.
Read the full article here.
No. 5 DATS Potential Breakout Catalyst - Starting A Marketing Campaign With Barstool
DatChat to Run National Marketing Campaign on Barstool Sports
NEW BRUNSWICK, N.J., Oct. 15, 2021 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or "the Company") (NASDAQ: DATS), a communications and social media company that gives users the ability to communicate with privacy and protection, today announced a multi-channel, national marketing campaign across the Barstool Sports brand and select franchises.
DatChat is focused on building online communities through opt-in, bespoke, and resonant experiences, leveraging patented technology to create a next-generation messaging and social media platform. This campaign with Barstool Sports represents an opportunity to reach a large and unique audience dovetailing across content, engagement, and demography. Leveraging the international viewership and DatChat's Presenting Sponsorship of various Barstool Sports franchises, the DatChat brand will be introduced to potential new user segments and is intended to help drive increased exposure in current markets.
"We believe DatChat is well-positioned to become the private social media and messaging platform of choice for the broad audiences of the Barstool Sports franchises, and we're thrilled to be working with Barstool Sports," said Darin Myman, founder and CEO of DatChat. "We've been long-time fans of the work Barstool Sports and its franchises are doing as leaders and cultural touchstones spanning multiple generations across sports and entertainment. This is a meaningful relationship for us, both as supporters of their work and as the creators of a platform which we believe is a natural fit and exciting opportunity for their audiences."
Through this arrangement, DatChat will serve as the Presenting Sponsor for multiple Barstool Sports brands, including BFFs, Chicks in the Office, Macrodosing, Plan Bri Uncut, and Son of a Boy Dad franchises. Each franchise will include DatChat's details and assets as the Presenting Sponsor in each show, as well as assets deployed across social media platforms and posts. DatChat will also be featured in ambient branding and product placement throughout the video content and signage. Furthermore, DatChat will sponsor Barstool Sports’ coverage of Rough N’ Rowdy 16, the Barstool Sports Arizona Bowl, Super Bowl LVI content, and select One Bite and Rundown episodes.
In addition to the marketing partnership with Barstool Sports, SJD Media & Marketing will provide infrastructure and support through the launch of DatChat’s planned national marketing campaign, offering added scale and impact.
Read the full article here.
Complete Recap - 5 Potential Breakout Catalysts For Nasdaq Tech Profile DATS
No. 1 - A Low Float Profile
No. 2 - Oversold Leaning Technicals/Possible Healthy Reversal
No. 3 - New Hire Could Be An Experienced-Filled Game-Changer
No. 4 - Company Launches Brand News Social Network
No. 5 - Starting A Marketing Campaign With Barstool
Coverage is officially initiated on DATS. When you have a second later, do this: