Why did dtss stock go down today?

Datasea Inc. (DTSS) has experienced a decline in its stock price due to a combination of factors:

1. Public Stock Offering: The company's announcement of a proposed public stock offering priced at 40 cents per share has negatively impacted the stock. This offering increases the total number of shares available, which dilutes current investors' stakes and can lead to a decrease in the stock price.
2. Financial Performance Concerns: The company's financial performance has been under scrutiny, with a significant drop in share price over the past year. The price-to-sales ratio is low, which could be a result of investor concerns about the company's future revenue growth.
3. Stock Market Reaction: The stock market has reacted negatively to the company's news, such as the announcement of a securities purchase agreement that led to a rally and subsequent decline in stock price.

In conclusion, Datasea Inc.'s stock price decline today is likely a result of a combination of the proposed public stock offering, investor concerns about the company's financial performance, and the market's reaction to recent news.