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

Shares of DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) shot up 0.2% on Thursday . The company traded as high as $11.24 and last traded at $11.2910. 1,295 shares traded hands during 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 report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, DT Cloud Star Acquisition currently has a consensus rating of “Hold”.

DT Cloud Star Acquisition Stock Performance

The stock’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $11.15.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new position in shares of DT Cloud Star Acquisition during the 4th quarter worth approximately $1,511,000. Meteora Capital LLC bought a new stake in DT Cloud Star Acquisition in the fourth quarter valued at $1,032,000. Gabelli Funds LLC grew its position in 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. Quarry LP acquired a new position in DT Cloud Star Acquisition during the fourth quarter worth $748,000. Finally, 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 valued at $1,170,000 after acquiring an additional 33,235 shares during the period.

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.