Maxim Group Issues Pessimistic Forecast for Cloudastructure (NASDAQ:CSAI) Stock Price

Cloudastructure (NASDAQ:CSAI) had its price objective reduced by investment analysts at Maxim Group from $4.00 to $1.50 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 453.51% from the company’s previous close.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cloudastructure presently has an average rating of “Hold” and an average target price of $1.50.

Cloudastructure Stock Performance

Shares of Cloudastructure stock traded down $0.00 during midday trading on Monday, hitting $0.27. The company had a trading volume of 255,116 shares, compared to its average volume of 476,699. The company has a 50 day moving average of $0.40 and a 200 day moving average of $0.58. Cloudastructure has a 52-week low of $0.25 and a 52-week high of $2.31. The stock has a market capitalization of $6.77 million, a P/E ratio of -0.50 and a beta of 1.01.

Cloudastructure (NASDAQ:CSAI) last announced its earnings results on Friday, July 17th. The company reported ($0.14) EPS for the quarter. The company had revenue of $1.32 million during the quarter. Cloudastructure had a negative return on equity of 109.64% and a negative net margin of 153.89%. Equities research analysts forecast that Cloudastructure will post -0.33 EPS for the current year.

Institutional Trading of Cloudastructure

Hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP boosted its holdings in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after acquiring an additional 47,916 shares during the period. Geode Capital Management LLC raised its holdings in Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after buying an additional 42,204 shares during the period. XTX Topco Ltd acquired a new position in shares of Cloudastructure in the 4th quarter valued at about $39,000. State Street Corp grew its stake in shares of Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after buying an additional 16,500 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Cloudastructure in the 3rd quarter valued at approximately $64,000.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.