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Should You Go For This Penny Stock-LAW

Acrobull Canada Advisory Inc.

 

January 212025
NameTickerSector/IndustryMarket CapRisk Factor 

CS Disco Inc.

LAW-NYSETechnology$297 MillionMedium 
       

 

CS Disco, Inc. provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. 

 

 

Recent Highlights

 

 

  • New Executives: DISCO has named Lauren Caruso Senior Vice President and Chief Sales Officer, Susan Garcia General Counsel and Chief Compliance Officer, and Joe Jacobson Senior Vice President of Operations.

 

  • DISCO has added Cecilia Auto Review, a generative AI tool that accelerates first-pass legal document review, to its suite of generative AI ediscovery products in North America, as well as officially launched its Cecilia AI Platform in the European Union and the United Kingdom, which includes Cecilia Q&A, Cecilia single doc Q&A, and Cecilia doc summaries.

 

 

 

Third Quarter 2024 Financial Highlights

 

  • The company recorded software revenue of $30.2 million, up 6% from the third quarter of 2023. 

 

  • The company recorded total revenue of $36.3 million, up 4% from the third quarter of 2023. 

 

  • The company recorded a GAAP net loss of $9.2 million, compared to $1.0 million in the third quarter of 2023. 

 

 

  • The company recorded Adjusted EBITDA of $(4.5) million in the third quarters of 2024 and 2023.

 

Stock Observation- The company’s stock performance has been good however the stock has gone through some fluctuation in recent weeks, the RSI level for the stock is at 43 which shows close to oversold conditions.

 

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

 

 
Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns. 

 

Acrobull Recommendation Based on Evaluation

 

Current Market Price$4.95 USD
Acrobull RecommendationBuy
Target PriceTarget $5.60 USD
RSI Level14 Day RSI 46
Total Shares Outstanding59.91 Million

Shares held by Insiders

Risk Factor

Stop Loss

11.40%

Medium

5%

 

 

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