Datavault AI (DVLT) Stock Surges 20% Amid Mixed Analyst Sentiment
Datavault AI shares rallied sharply during Thursday's session, climbing 20.2% to $0.90 on lighter-than-average volume of 91.2 million shares. The artificial intelligence firm's stock remains volatile, having lost 38% since its January peak while showing no clear technical bottom.
Wall Street remains divided on DVLT. Maxim Group upgraded the stock to Buy with a $4 price target, contrasting with other firms maintaining Sell ratings. This creates a net Hold consensus despite the company's troubling fundamentals - a $0.33 quarterly loss per share and projected annual losses of $13.02.
Insiders have been heavy sellers, offloading 31.2 million shares worth $32.5 million over three months. Institutional ownership stands at just 0.66%, reflecting skepticism about the company's ambitious plans to deploy an AI data network across 100+ U.S. cities by late 2026.
