Digital Asset Acquisition (NASDAQ:DAAQ) Trading Up 0.1% – Should You Buy?

Shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ) traded 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 were traded during mid-day trading, an increase of 86% from the average session volume of 249,451 shares. The stock had previously closed at $10.21.

Analyst Upgrades and Downgrades

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

Digital Asset Acquisition Trading Up 0.1%

Institutional Investors Weigh In On Digital Asset Acquisition

A hedge fund recently bought a new stake in Digital Asset Acquisition stock. Cannon Global Investment Management LLC acquired a new stake in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,500 shares of the company’s stock, valued at approximately $168,000. Cannon Global Investment Management LLC owned approximately 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.