DT Cloud Star Acquisition (NASDAQ:DTSQ) Stock Price Down 0.5% – What’s Next?

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ)’s stock price dropped 0.5% during trading on Friday . The stock traded as low as $10.77 and last traded at $10.77. Approximately 3,186 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 1,805 shares. The stock had previously closed at $10.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

DT Cloud Star Acquisition Stock Down 0.5%

The company has a 50 day moving average price of $10.77 and a 200-day moving average price of $10.61.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last posted its earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter.

Institutional Trading of DT Cloud Star Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Street Group Inc. acquired a new position in DT Cloud Star Acquisition during the 3rd quarter worth about $792,000. Gabelli Funds LLC increased its stake in shares of DT Cloud Star Acquisition by 100.0% in the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock valued at $1,744,000 after buying an additional 84,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of DT Cloud Star Acquisition by 100.0% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock worth $2,408,000 after acquiring an additional 116,000 shares during the last quarter. Wealthspring Capital LLC lifted its stake in shares of DT Cloud Star Acquisition by 1,284.4% in the second quarter. Wealthspring Capital LLC now owns 247,800 shares of the company’s stock worth $2,572,000 after acquiring an additional 229,900 shares during the period. Finally, Berkley W R Corp boosted its holdings in DT Cloud Star Acquisition by 69.5% in the third quarter. Berkley W R Corp now owns 673,926 shares of the company’s stock valued at $7,049,000 after acquiring an additional 276,278 shares during the last quarter.

DT Cloud Star Acquisition Company Profile

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.