The Stock Of The Week: Digital World Acquisition Corp. (DWAC)

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At the last check on Friday, Digital World Acquisition Corp.’s (NASDAQ:DWAC) stock was up $0.83, moving up 3.57 percent to $24.11. The average number of shares traded per day over the past five days has been 1,789,314 shares. 3 times new highs have been achieved over the past 5 days, with a $4.12 gain in that time frame. In the last twenty days, the average volume was 5,658,383, while in the previous 50 days, it was 2,893,777.

Since last month, DWAC stock rose 35.35%. Shares of the company fell to $15.57 on 10/28/22, the lowest level in the past month. A 52-week high of $101.87 was reached on 03/02/22 after having rallying from a 52-week low of $15.20. Since the beginning of this year, DWAC’s stock price has dropped by -54.73% or -$27.37, and marked a new high 11 times. However, the stock has declined by -76.33% since its 52-week high.


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Financial Health

Based on annual data, DWAC earned $0.39 million in gross profit and brought in $1.19 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$4.8 million in EBITDA. The liabilities of Digital World Acquisition Corp. were 322.07 million at the end of its most recent quarter, and its total debt was $0.45 million. The value of shareholders’ equity is $37.22 million.

Technical Picture

This quick technical analysis looks at Digital World Acquisition Corp.’s (DWAC) price momentum. With a historical volatility rate of 133.60%, the RSI 9-day stood at 57.73% on 23 November.

With respect to its five-day moving average, the current Digital World Acquisition Corp. price is up by +20.67% percent or $4.12. At present, DWAC shares trade +46.36% above its 20-day simple moving average and +1.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.26% above its SMA50 and -71.15% below its SMA200.

Stochastic coefficient K was 49.05% and Stochastic coefficient D was 48.42%, while ATR was 2.81. Given the Stochastic reading of 45.71% for the 14-day period, the RSI (14) reading has been calculated as 56.64%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at -0.57.

Analyst Ratings

Digital World Acquisition Corp. (DWAC) has been rated – by analysts. According to 0 brokerage firms, DWAC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Digital World Acquisition Corp. stock as buy, with 0 recommending it as overweight.

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