In a recent move, Darryll E. Dewan, the President and CEO of TSS, Inc. (OTCMKTS:TSSI), has acquired additional shares in the company. The executive purchased 10,000 shares of common stock at a price of $0.6 per share, totaling an investment of $6,000.
The transaction, which took place on April 3, 2024, was reported in a filing with the Securities and Exchange Commission on April 5. This purchase has increased the CEO's direct stake in TSS, Inc., as indicated by the shares acquired being registered in the name of the executive's spouse.
While the CEO's acquisition represents a vote of confidence in the company, no sales transactions were disclosed in the recent filing. It's worth noting that the CEO's overall holdings in TSS, Inc. also include 272,500 shares of common stock held directly.
Investors often monitor insider transactions such as these for insights into executive sentiment regarding their company's prospects. The buying activity by TSS, Inc.'s CEO may be interpreted by the market as a positive signal, suggesting that the top executive believes in the company's value and future performance.
InvestingPro Insights
The recent insider buying activity by Darryll E. Dewan, the President and CEO of TSS, Inc., has caught the attention of investors looking for signals about the company's potential. To provide further context to this transaction, let's delve into some key metrics and insights from InvestingPro.
InvestingPro Data shows that TSS, Inc. currently holds a market capitalization of $12.2 million, with a high Price/Earnings (P/E) ratio of 178.57 as of the last twelve months ending in Q4 2023. Despite the high earnings multiple, the company's P/E ratio adjusted for the same period stands at a slightly lower 164.75. Additionally, the company's Price/Book ratio during this period is 3.44, reflecting a valuation that considers both the company's assets and earnings potential.
TSS, Inc.'s revenue has seen significant growth, with a 77.56% increase in the last twelve months as of Q4 2023, and an even more impressive quarterly revenue growth of 122.97% in Q4 2023. This robust top-line expansion could be a factor in the CEO's decision to increase his stake in the company.
InvestingPro Tips highlight that TSS, Inc. holds more cash than debt on its balance sheet, which is a positive indicator of the company's financial health. This is a critical factor for investors considering the company's ability to sustain operations and invest in growth. Moreover, the stock has experienced a strong return over the last three months, with a price total return of 86.8%, which may suggest a recovering sentiment among investors.
For those seeking further analysis and additional InvestingPro Tips, TSS, Inc. has 11 more insights available, including its low revenue valuation multiple and its performance over various time frames. To gain access to these insights and more, visit https://www.investing.com/pro/TSSI and consider using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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