Digital Asset Acquisition (NASDAQ:DAAQ) Trading Up 0.1% – Time to Buy?

Digital Asset Acquisition Corp. (NASDAQ:DAAQ) shares shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $10.24 and last traded at $10.22. 463,113 shares changed hands during trading, an increase of 86% from the average session volume of 249,451 shares. The stock had previously closed at $10.21.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Asset Acquisition in a research report on Wednesday, December 24th. Wall Street Zen upgraded shares of Digital Asset Acquisition to a “hold” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Digital Asset Acquisition Price Performance

Hedge Funds Weigh In On Digital Asset Acquisition

A hedge fund recently bought a new stake in Digital Asset Acquisition stock. Cannon Global Investment Management LLC bought a new stake in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $168,000. Cannon Global Investment Management LLC owned about 0.10% of Digital Asset Acquisition at the end of the most recent quarter.

About Digital Asset Acquisition

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.