Digital Asset Acquisition (NASDAQ:DAAQ) Issues Quarterly Earnings Results

Digital Asset Acquisition (NASDAQ:DAAQ) released its earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Digital Asset Acquisition Price Performance

NASDAQ DAAQ traded up $0.01 during trading on Friday, hitting $10.54. 5,357 shares of the company traded hands, compared to its average volume of 87,133. Digital Asset Acquisition has a 12 month low of $6.60 and a 12 month high of $10.54. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.21.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. First Trust Capital Management L.P. acquired a new position in Digital Asset Acquisition during the 3rd quarter valued at $9,186,000. Berkley W R Corp acquired a new position in shares of Digital Asset Acquisition during the first quarter valued at about $7,796,000. Alberta Investment Management Corp acquired a new position in shares of Digital Asset Acquisition during the third quarter valued at about $5,764,000. Sona Asset Management US LLC acquired a new stake in Digital Asset Acquisition during the first quarter worth about $2,614,000. Finally, Context Capital Management LLC acquired a new position in Digital Asset Acquisition in the 3rd quarter valued at approximately $2,096,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Digital Asset Acquisition in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Digital Asset Acquisition

Digital Asset Acquisition Corp. was formed as a special purpose acquisition company (SPAC), not as an operating business. Its stated objective was to pursue a merger, acquisition or similar business combination with a company in the digital asset sector. As a result, the company’s activities centered on identifying and completing a business combination; it did not offer digital asset products or services of its own. I could not verify further details about its operating history, geographic reach or leadership.