Digital Asset Acquisition (NASDAQ:DAAQ – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.
Digital Asset Acquisition Price Performance
DAAQ traded up $0.01 during trading on Friday, reaching $10.31. 169,834 shares of the company traded hands, compared to its average volume of 57,754. Digital Asset Acquisition has a 12-month low of $10.05 and a 12-month high of $11.24. The business’s fifty day simple moving average is $10.26.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Sona Asset Management US LLC purchased a new position in shares of Digital Asset Acquisition during the first quarter valued at about $2,614,000. Berkley W R Corp purchased a new position in shares of Digital Asset Acquisition during the first quarter valued at about $7,796,000. Cannon Global Investment Management LLC grew its position 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. Lineage Point Capital LP purchased a new position in shares of Digital Asset Acquisition during the fourth quarter valued at about $1,016,000. Finally, Virtu Financial LLC purchased a new position in shares of Digital Asset Acquisition during the fourth quarter valued at about $869,000.
Digital Asset Acquisition Company Profile
We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
Recommended Stories
- Five stocks we like better than Digital Asset Acquisition
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Digital Asset Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Asset Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
