Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Get Free Report) traded up 0.1% during trading on Friday. The company traded as high as $10.48 and last traded at $10.4940. Approximately 656 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 98,835 shares. The stock had previously closed at $10.48.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Digital Asset Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.
View Our Latest Stock Report on DAAQ
Digital Asset Acquisition Trading Up 0.1%
Digital Asset Acquisition (NASDAQ:DAAQ – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.06 earnings per share for the quarter.
Institutional Trading of Digital Asset Acquisition
Institutional investors and hedge funds have recently modified their holdings of the business. Cannon Global Investment Management LLC lifted its holdings in shares of Digital Asset Acquisition by 17.6% during the first quarter. Cannon Global Investment Management LLC now owns 19,400 shares of the company’s stock valued at $199,000 after purchasing an additional 2,900 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Digital Asset Acquisition during the first quarter valued at $2,614,000. Finally, Berkley W R Corp bought a new stake in Digital Asset Acquisition in the 1st quarter worth about $7,796,000.
About Digital Asset Acquisition
Digital Asset Acquisition Corp. (NASDAQ: DAAQ) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies. Rather than operating a traditional business, the company was established to raise capital through a public offering and use those proceeds to pursue a merger, acquisition, share exchange or similar transaction.
The company’s stated focus was on opportunities connected with digital assets, financial technology and related technology sectors.
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