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Here is why Ault Global Holdings Inc (DPW) stock rallied in the pre market today?

PD Stock

PD Stock

Ault Global Holdings Inc. (DPW) shares surged 15.32% to $2.71 in the pre-market on Tuesday, May 25, 2021. Earlier, DPW’s stock lost -4.47% in the morning trading session on Monday and closed at $2.35 per share. DPW shares have jumped123.81% over the last 12 months, and they have moved down 0.42% in the past week. Over the past three months, the stock has declined 48.01%, while over the past six months, it has risen 29.83.

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Let’s have a look at DPW’s recent news and developments.


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Recent financial result announcement

On May 24, 2021, Ault Global Holdings Inc reported its financial results for the first quarter ended March 31, 2021, on its Form 10‑Q filed with the Securities and Exchange Commission.

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Q1 2021 financial highlights

Q4 & FY2020 financial results

On April 16, 2021, Ault Global Holdings, Inc announced its financial results for its fourth quarter and year ended December 31, 2020, on its Form 10‑K filed with the Securities and Exchange Commission.

Q4-2020 financial highlights

FY-2020 financial highlights

Coolisys Technologies received a $10.5 million purchase order

On March 25, 2021, Coolisys Technologies Corp which is a power electronics business of Ault Global Holdings, received a $10.5 million purchase order for 30,000 7kW residential EV charging systems.

Coolisys Technologies Corp entered into a three-year Purchase and Resale Agreement for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com.

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Conclusion

The DPW stock flipped and rallied in the after-hours after the company announced its first-quarter financial results which are much improved if compared with Q1 2020. The DPW stock can continue its positive momentum on Tuesday as well.

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