DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Up 0.2% - Should You Buy?

Key Points

• DT Cloud Star Acquisition shares rose 0.2% to $11.291, while trading volume fell 67% below the average session volume.
• Weiss Ratings upgraded the stock from “sell” to “hold,” matching the consensus rating from the one analyst covering the company.
• The company reported quarterly EPS of $0.06, while several institutional investors—including Gabelli Funds and Clear Street Group—expanded their positions.

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ - Get Free Report)'s share price traded up 0.2% on Thursday . The stock traded as high as $11.24 and last traded at $11.2910. 1,295 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 3,973 shares. The stock had previously closed at $11.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised DT Cloud Star Acquisition from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, DT Cloud Star Acquisition presently has an average rating of "Hold".

DT Cloud Star Acquisition Stock Performance

The business's 50 day simple moving average is $11.31 and its 200 day simple moving average is $11.15.

DT Cloud Star Acquisition (NASDAQ:DTSQ - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.06 EPS for the quarter.

Institutional Trading of DT Cloud Star Acquisition

Large investors have recently modified their holdings of the company. Gabelli Funds LLC lifted its position in shares of DT Cloud Star Acquisition by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company's stock worth $1,744,000 after purchasing an additional 84,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in DT Cloud Star Acquisition during the 4th quarter valued at $1,511,000. Crossingbridge Advisors LLC boosted 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 purchasing an additional 25,000 shares during the period. Quarry LP bought a new stake in DT Cloud Star Acquisition in the 4th quarter valued at $748,000. Finally, Clear Street Group Inc. grew its position in DT Cloud Star Acquisition by 44.0% in the 4th quarter. Clear Street Group Inc. now owns 108,780 shares of the company's stock worth $1,170,000 after purchasing an additional 33,235 shares during the last quarter.

About DT Cloud Star Acquisition

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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