Datasea Inc ( DTSS ) shares are trading higher by 37% to $6.17 during Monday’s session after the company announced three sales agreements with its Chinese subsidiaries, totaling approximately $61.7 million.

Datasea’s subsidiary Guozhong Haoze secured a $30 million contract with Shenzhen Juhaowan Technology Co., Ltd. on May 15, 2024, to provide 5G AI multimodal communication services over 12 months. Similarly, Datasea’s Heilongjiang Xunrui subsidiary signed a $30 million contract with Shenzhen Yuzhongqing Technology Co., Ltd. on May 13.

Additionally, the company’s Shuhai Jingwei subsidiary finalized a $1.7 million agreement with Tianjin Qianli Culture Communication Co., Ltd. on June 8, to supply high-tech acoustic products, including air disinfection machines and sleep aids, by December 31.

CEO Liu Zhixin highlighted the significance of these deals, projecting a boost in customer orders and market traction for both 5G AI communications and acoustic product segments, driven by their innovative value in the 5G and healthy living markets.

Read Also: What's Going On With GameStop Stock Monday?

Is DTSS A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Datasea ( DTSS )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Datasea ( DTSS ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 14.97%, you'll need to buy a share of Global Net Lease by the Jul. 11, 2024. Once done, you can expect to receive a nominal payout of $0.28 on Jul. 16, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Datasea ( DTSS ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

According to data from Benzinga Pro, DTSS has a 52-week high of $20.29 and a 52-week low of $1.42.