Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price2.20 USD
Fair value4.00Our model only; only one analyst covers it, too few to cross-check it.
Ethical score10.0/100
Value readUndervaluedas of 4 Nov 2026
Our investment reviews on this name
2026-11-04Read Markdown2.38-7.6% to today ✓Distribution gives way to Markdown after a 28% slide in 5 weeks
2026-10-02Read Distribution3.31-33.5% to today ✓Markup gives way to Distribution after a 900% rise in 5 weeks
2026-08-26Read Markup0.33+564.7% to today ✓Markdown gives way to Markup while volume is distributing
2026-07-02Read Markdown0.33+564.7% to today First review on file: Markdown
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Cloudastructure Inc. holds its Markdown at $2.20. The statistical read favours the sellers, held for 42 days.
As held on the ledger · 2026-11-04
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 42 days
Price at the screen
$2.20
Valuation
0.00 trailing · 0.00 forward price to earnings
Values screen
FAIL· score 10.0
The Workings
Five Screens, Shown in Full
Does not pass. Cash ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
0.00%
Below 33%
Interest-bearing debt is just 0.0% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
58.38%
Below 33%
Interest-bearing cash and securities are 58.4% of assets, above the one-third limit.
Fail
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
4.01%
Below 5%
Only 4.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Cloudastructure's business is fine, but its cash and interest-bearing securities are about 58% of its assets, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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What the Numbers Say It Is Worth
The Fair Value Range
Our model only; only one analyst covers it, too few to cross-check it.
Our analysis reads Undervalued vs our fair value, as of 4 Nov 2026: it trades at roughly a 41% discount to our $4.00 fair value, 306.40% revenue growth.
Fair value range in USD, drawn from the 2026-11-04 screen. The gold marker is the market price at the same screen. A 45.0% discount to the base estimate.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Where our models see it going: fair-value estimate $4.00, range not available, dated to the 2026-11-04 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it stands out
A 306%-growth business, with minimal debt. That is a 41% discount to our $4.00 fair value: the market is pricing it cautiously while the fundamentals argue otherwise.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
CSAI trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Markdown · changed$2.38-0.4%Entry 9
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 34% above its long-term trend line with momentum reading oversold. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
2026-10-28Distribution$2.39-7.7%Entry 8
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 7.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 34% above its long-term trend line with momentum reading oversold. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
2026-10-15Distribution$2.59-21.8%Entry 7
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 21.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 900.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4. Since the last review it entered the Tech 100; its composite score rose.
2026-08-26Markup · changed$0.33+0.0%Entry 5
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
2026-07-25Markdown$0.33+0.0%Entry 4
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
2026-07-18Markdown$0.33+0.0%Entry 3
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 84%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (1 analysts) rates it none, with a mean price target of $4.
2026-07-03Markdown$0.33+0.0%Entry 2
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markdown$0.33Entry 1
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · CSAI
Date
Insider
Title
Type
Shares
Value
2026-10-28
Bentley Sheldon Richard
Founder
S - Sale
1,500
$3,405
2026-10-21
Bentley Sheldon Richard
Founder
S - Sale
1,500
$3,285
2026-02-11
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$30,500
2026-02-04
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$29,000
2026-01-28
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$42,000
2026-01-21
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$42,000
2026-01-14
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$43,250
2026-01-12
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
200,000
·
2026-01-07
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security
50,000
$42,500
2025-12-31
BENTLEY SHELDON RICHARD
Beneficial Owner of more than 10% of a Class of Security