NEW YORK, July 2, 2026, 11:07 EDT
- Big Tree Cloud Holdings Limited NASDAQ:DSY was last quoted at $4.34 at 10:52 a.m. EDT, up 50.7% on volume of 17.4 million shares.
- That amount was around 3.7 times the company’s most recent total Class A and Class B shares, and roughly 13.9 times the latest reported Class A shares.
- The most recent price puts equity value near $20.6 million, about 41 times what the company reported for six-month revenue through Dec. 31, 2025.
- Nasdaq has July 3, 2026 marked as closed for the Independence Day holiday, according to its schedule.
Big Tree Cloud Holdings Limited NASDAQ:DSY surged Thursday. The move looked less like a reaction to earnings or news and more like traders keying in on the share count.
Shares of the Shenzhen company jumped 50.7% to $4.34 as of 10:52 a.m. EDT. The stock started the session at $4.15, climbed to $6.24, dropped to $3.75, and saw 17.4 million shares change hands.
Here’s the clean number. Big Tree Cloud’s April 3 filing put outstanding shares at 1,251,873 Class A and 3,500,000 Class B after its 1-for-20 split and Class A/B redesignation, for a total of 4,751,873. Thursday morning, volume came in at 3.7 times that total, or 13.9 times the Class A count from the filing.
| Market check | Latest level/price | Move | Intraday range | Volume |
|---|---|---|---|---|
| Big Tree Cloud Holdings Limited NASDAQ:DSY | $4.34 | up 50.7% | $3.75-$6.24 | 17.4 mln |
| iShares Russell 2000 ETF (NYSEARCA:IWM) | $298.50 | down 0.3% | $298.44-$302.19 | 6.2 mln |
| Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) | $84.39 | added 1.3% | $83.34-$84.49 | 2.7 mln |
| Nasdaq Composite (INDEXNASDAQ:.IXIC) | 25,979.85 | off 0.2% | 25,930.66-26,261.09 | — |
The table pulls the most recent quotes for DSY, IWM and XLP, and uses a 10:50 a.m. EDT quote for the Nasdaq Composite. Source:
Why it matters: For a micro-cap like this, when trading volume tops the latest share count, price moves can get disconnected from fundamentals. The close takes on extra weight, too, with Friday’s U.S. market holiday coming up and Nasdaq regular trading shut on July 3 for the Independence Day break.
There was no fresh company news tied to Thursday’s move. According to Big Tree Cloud’s investor-relations page, the last press release went out April 8. On that day, the company reported Nasdaq had cleared the transfer of its Class A ordinary shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective April 9. The ticker symbol remained “DSY.” InvestorRoom
| Cross-check | Figure | Read-through at $4.34 |
|---|---|---|
| Last seen total for Class A and B shares | 4,751,873 | Works out to equity value near $20.6 mln |
| Last seen Class A share count | 1,251,873 | Morning volume ran at roughly 13.9x this |
| Cash on hand, Dec. 31, 2025 | $4.5 mln | Stock trades at around 4.6x cash |
| Total equity, Dec. 31, 2025 | $3.9 mln | Implied market cap is about 5.3x equity |
| Revenue for six months to Dec. 31, 2025 | $504,145 | Stock price implies 41x six-month revenue |
| Net loss for six months to Dec. 31, 2025 | $2.0 mln | Net loss came to about four times sales |
Big Tree Cloud said net revenue was $504,145 for the six months ended Dec. 31, 2025, dropping from $1.0 million the previous year. Gross profit came in at $13,269, down from $672,577. The company reported a net loss of $2.0 million after posting net income of $1.9 million a year ago.
The company is trying to put an AI angle on its China personal care business. In February, it reported early AI service contracts worth around RMB 4.5 million, or $620,000. “We will continue to invest in both enterprise and individual AI businesses,” Chairman Wenquan Zhu said. InvestorRoom
Big Tree Cloud changed its capital structure earlier this year. The company said shareholders backed a 1-for-20 reverse split and a dual-class share setup. Class A shares are set to start trading on Nasdaq as DSY on Feb. 23.
The company said in March it got back in line with Nasdaq’s $1 minimum bid price rule. Its shares closed at or above $1 for 10 straight sessions from Feb. 23 to March 6.
