Cloudastructure (NASDAQ:CSAI) Shares Down 1.8% – What’s Next?

Cloudastructure Inc. (NASDAQ:CSAI) fell 1.8% on Wednesday . The company traded as low as $1.0701 and last traded at $1.09. 199,360 shares were traded during trading, a decline of 64% from the average session volume of 559,040 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Cloudastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.00.

Cloudastructure Stock Down 1.8%

The firm has a market capitalization of $21.28 million and a price-to-earnings ratio of -4.04. The business’s fifty day moving average is $1.34 and its 200 day moving average is $1.68.

Cloudastructure (NASDAQ:CSAI) last released its earnings results on Thursday, November 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.The firm had revenue of $1.45 million for the quarter.

Cloudastructure declared that its board has authorized a stock repurchase program on Thursday, October 16th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to repurchase up to 19.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Cloudastructure

Several institutional investors have recently bought and sold shares of CSAI. Flaharty Asset Management LLC acquired a new position in Cloudastructure during the 1st quarter worth approximately $53,000. XTX Topco Ltd bought a new stake in shares of Cloudastructure in the second quarter worth $55,000. Two Sigma Investments LP lifted its position in shares of Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after purchasing an additional 47,916 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Cloudastructure during the third quarter worth $64,000.

About Cloudastructure

Cloudastructure, Inc (“Cloudastructure”) was formed under the laws of the State of Delaware on March 28, 2003. We provide an award-winning cloud-based artificial intelligence (“AI”) video surveillance and Remote Guarding service built on AI and machine learning platforms. We operated as a small Silicon Valley startup until early 2021 when we raised over $35 million in funding under Regulation A of the Securities Act of 1933, as amended (the “Securities Act”).