Datavault AI Inc. (NASDAQ:DVLT) shares were trading higher Friday but have since reversed and began trading lower after the company announced it completed its previously disclosed acquisition of API Media Innovation Inc.
Datavault Closes Acquisition of API Media
Datavault said the acquisition expands its proprietary data-monetization ecosystem and extends its patented ADIO technology into the live outdoor event market. API provides media infrastructure and event technology solutions and brings expertise in multi-channel engagement, data overlay integration, and automated media operations.
CEO Nathaniel Bradley said the transaction represents a key step in Datavault’s strategy to scale its platform and enhance the value delivered to enterprise clients through verified, tokenized data assets. The company said API Media's brand and operational capabilities are expected to strengthen its core platform and support growth across enterprise data, advertising, and AI-as-a-Service verticals.
API President Frank Tomaino said the combination will allow clients to access advanced AI, analytics, and secure data monetization capabilities, while API CEO David Reese said the integration creates opportunities to accelerate Datavault's progress and build new strategic relationships.
Technical Analysis Of Datavault
The stock is currently trading 12.6% above its 20-day simple moving average (SMA) but is 26.9% below its 50-day SMA, indicating short-term strength while struggling with longer-term trends. Over the past 12 months, shares have decreased by 25.23% and are positioned closer to their 52-week lows than highs, reflecting ongoing challenges for the stock.
The RSI is at 46.52, which is considered neutral territory, suggesting that the stock is not currently overbought or oversold. Meanwhile, the MACD is above its signal line, indicating bullish momentum.
The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating potential for upward movement if buying interest continues.
DVLT Price Action: At the time of writing, Datavault shares are trading 5.57% lower at 84 cents, according to data from Benzinga Pro.
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