DT Cloud Star Acquisition (NASDAQ:DTSQ) Stock Price Down 0.1% - Time to Sell?

Key Points

• DT Cloud Star Acquisition shares were down 0.1% on Monday, trading at $11.3690 after hitting an intraday low of $11.32 on very light volume.
• Analyst sentiment remains bearish: Weiss Ratings reaffirmed a “sell (d+)” rating, and MarketBeat shows a consensus rating of “Sell.”
• The company, a SPAC focused on mergers and other business combinations, most recently reported quarterly EPS of $0.02 and has seen several institutional investors add to or establish positions.

Shares of DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ - Get Free Report) were down 0.1% on Monday . The company traded as low as $11.32 and last traded at $11.3690. 651 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 3,235 shares. The stock had previously closed at $11.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DT Cloud Star Acquisition in a research report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, DT Cloud Star Acquisition has a consensus rating of "Sell".

DT Cloud Star Acquisition Stock Down 0.1%

The firm's fifty day moving average is $11.26 and its 200 day moving average is $11.08.

DT Cloud Star Acquisition (NASDAQ:DTSQ - Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter.

Institutional Trading of DT Cloud Star Acquisition

Several hedge funds have recently added to or reduced their stakes in the business. Crossingbridge Advisors LLC grew its holdings in DT Cloud Star Acquisition by 100.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the company's stock valued at $538,000 after buying an additional 25,000 shares during the last quarter. Clear Street Group Inc. lifted its holdings in shares of DT Cloud Star Acquisition by 44.0% during the fourth quarter. Clear Street Group Inc. now owns 108,780 shares of the company's stock worth $1,170,000 after buying an additional 33,235 shares during the last quarter. Quarry LP bought a new stake in shares of DT Cloud Star Acquisition in the fourth quarter valued at approximately $748,000. Gabelli Funds LLC boosted its position 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 acquiring an additional 84,000 shares during the period. Finally, Meteora Capital LLC bought a new stake in shares of DT Cloud Star Acquisition in the fourth quarter valued at approximately $1,032,000.

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.

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