Hyperscale Data (GPUS, Financial) has revealed plans for its subsidiary, Ault Capital Group, to acquire up to $10 million worth of XRP, a digital currency created by Ripple Labs, by the end of 2025. This investment is aimed at integrating the asset into the company's broader strategy of expanding its services in the financial sector through Ault Capital Group. The purchased XRP will be classified as a cryptoasset and recorded on the company's balance sheet at fair value. Any value changes will be reflected in the operating expenses within the consolidated statements of operations. This move underscores GPUS's commitment to enhancing its presence in the financial services arena.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Hyperscale Data Inc (GPUS, Financial) is $41,250.00 with a high estimate of $41,250.00 and a low estimate of $41,250.00. The average target implies an upside of 732,582.06% from the current price of $5.63. More detailed estimate data can be found on the Hyperscale Data Inc (GPUS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Hyperscale Data Inc's (GPUS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hyperscale Data Inc (GPUS, Financial) in one year is $1.48, suggesting a downside of 73.71% from the current price of $5.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hyperscale Data Inc (GPUS) Summary page.
