News to Watch: DPW Holdings (NYSE:DPW)

DPW Holdings (NYSE:DPW) stock declared change of 41.51% away from 52-week low price and recently located move of -97.66% off 52-week high price. It has market worth of $4.00M. DPW stock has been recorded -40.63% away from 50 day moving average and -73.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -17.90% off 20-day moving average.

DPW Holdings (NYSE American:DPW) a diversified holding company revealed that, due to the emerging public health impact of the coronavirus (COVID-19) pandemic, the location of DPW’s special meeting of stockholders that was originally scheduled to be held on Tuesday, March 31, 2020 at 9:00 a.m. PT at the Hyatt Regency Hotel Newport Beach, located at 1107 Jamboree Road, Newport Beach, CA 92660 (the Special Meeting) has been changed and will be held in a virtual meeting format only on April 30, 2020 at 9:00 a.m. PT.

The Special Meeting will be held for the following purposes:

  • To approve the issuance of shares of the Corporation’s Class A common stock, par value $0.001 per share (Common Stock) to Esousa Holdings LLC (Esousa), in accordance with the Master Exchange Agreement dated February 10, 2020, and the exercise of warrants issued in connection therewith;
  • To approve the exercise of warrants issued or issuable to Esousa to purchase up to an aggregate of 2,000,000 shares of Common Stock, issued in connection with certain term promissory notes in an aggregate amount of up to $2,000,000; and
  • To approve the conversion of a $1,000,000 Convertible Promissory Note issued on February 5, 2020, to Ault & Company, which is convertible into 717,241 shares of Common Stock at $1.45 per share.

The Technology sector company, DPW Holdings noticed change of -7.41% to $0.75 along volume of 167467 shares in recent session compared to an average volume of 574.49K. The stock observed return of 5.63% in 5 days trading activity. The stock was at -35.90% over one month performance. DPW’s shares are at -40.00% for the quarter and driving a -97.63% return over the course of the past year and is now at -36.97% since this point in 2018.

The average volatility for the week at 23.70% and for month was at 16.47%. There are 5.33M shares outstanding and 3.96M shares are floated in market. Right now the stock beta is 3.17.

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