The stock of Digital World Acquisition Corp. (NASDAQ:DWAC) increased by $1.13 on Wednesday to $17.86, up 6.75 percent. The last five days have seen an average of 533,842 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $2.74. The average number of shares traded over the last 20 days was 2,233,796, while the average volume over the last 50 days totaled 1,123,004.
DWAC stock appreciated 35.51% since last month. On 07/17/23, the company’s shares reached a one-month low of $13.02. The stock touched a high of $32.33 on 07/21/23, after rallying from a low of $12.34 in 52 weeks. The price of DWAC stock has risen by 19.07% or $2.74 this year, reaching a new high 9 times. Still, the stock price is down -44.76% from the 52-week high.
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Financial Health
Based on annual data, it had gross profit of $0.5 million and revenue of $18.3 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DWAC’s return on assets (ROA) during the last 12 months has been -5.10%. In the meantime, the return on equity (ROE) for the last 12 months was -5.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$7.08 million for the quarter. At the end of Digital World Acquisition Corp.’s most recent quarter, its liabilities totaled 331.49 million, while its total debt was $3.93 million. Equity owned by shareholders amounts to $37.21 million.
Technical Picture
Here’s a quick look at Digital World Acquisition Corp.’s (DWAC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 66.02%, suggesting the stock is Neutral, with a 65.78% historical volatility rate.
The stochastic %K and %D were 82.73% and 73.57% respectively, while the average true range (ATR) was 1.11. Based on the 14-day stochastic reading of 98.68%, the RSI (14) reading is 63.15%. On the 9-day MACD Oscillator, the stock is at 1.04, and the 14-day reading is at 1.03.
Analyst Ratings
Analysts have assigned Digital World Acquisition Corp. (DWAC) an – rating. DWAC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
