DWACU Company Profile and Key Details

NASDAQ : DWACU

Digital World Acquisition

$61.35

10.08+19.66%

At Close 4:00 PM

Not Actively Trading

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Digital World Acquisition Corp. (DWACU) stock surged +19.66%, trading at $61.35 on NASDAQ, up from the previous close of $51.27. The stock opened at $56.86, fluctuating between $56.86 and $63.88 in the recent session.

Stock Snapshot

51.27

Prev. Close

1.86B

Market Cap

56.86

Day Low

-451.1029411764706

P/E Ratio

-0.136

EPS (TTM)

N/A

Cash Flow per Share

56.86

Open

30.25M

Number of Shares

63.88

Day High

N/A

Free Float in %

8.15

Book Value

5.23K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Mar 25, 2024	51.30	63.88	51.30	61.35	5.29K
Mar 22, 2024	57.70	65.00	51.27	51.27	7.08K
Mar 21, 2024	54.00	54.00	50.02	52.83	1.93K
Mar 20, 2024	47.08	55.05	47.08	55.05	1.49K
Mar 19, 2024	45.10	45.10	41.00	41.00	894
Mar 18, 2024	46.49	46.50	46.49	46.50	1.11K
Mar 15, 2024	49.19	49.19	49.19	49.19	81
Mar 14, 2024	49.19	49.19	49.19	49.19	425
Mar 13, 2024	48.90	48.90	46.19	48.00	1.25K
Mar 12, 2024	48.25	49.16	48.01	48.01	2.31K
Mar 11, 2024	46.00	46.32	46.00	46.02	1.36K
Mar 07, 2024	51.00	51.00	49.00	50.84	1.39K
Mar 06, 2024	54.10	54.10	47.76	49.00	2.38K
Mar 05, 2024	59.98	59.98	54.10	54.10	1.55K
Mar 04, 2024	53.52	53.52	53.46	53.46	1.07K
Mar 01, 2024	48.00	48.02	48.00	48.00	968
Feb 28, 2024	54.05	55.00	54.05	54.50	558
Feb 27, 2024	57.85	57.85	57.85	57.85	525
Feb 26, 2024	57.77	57.77	55.26	56.69	2.38K
Feb 23, 2024	60.00	60.00	57.73	57.73	1.93K

Contact Details

Miami, FL 33130

United States

https://www.dwacspac.com 305 735 1517

About Company

Digital World Acquisition Corp. currently lacks substantial active business operations. Its core mission is to achieve a strategic business combination, which could involve a merger, a capital stock exchange, an asset acquisition, a stock purchase, a reorganization, or a comparable transaction with one or more entities. The company aims to identify viable prospects within the software-as-a-service (SaaS) and technology domains, as well as the fintech and financial services industries across the Americas. Established in 2020, Digital World Acquisition Corp. is headquartered in Miami, Florida.

Stock Peers

DWAC

13.01+35.22%

Digital World Acquisition Corp.$49.95 TENKU

6.4+17.02%

TenX Keane Acquisition Corp.$44.00 TENK

3+8.00%

TenX Keane Acquisition Ordinary Share$40.50 NOVVU

Nova Vision Acquisition Corporation$39.46 NOVV

Nova Vision Acquisition Corporation$37.00 GATE

Marblegate Acquisition Corp.$36.05 GATEU

3.04+11.16%

Marblegate Acquisition Corp.$30.28 ASPAU

17.77+158.38%

Abri SPAC I, Inc.$28.99 WLACU

Willow Lane Acquisition Corp.$28.38 DIST

Distoken Acquisition Corporation$28.00

Company Overview

Digital World Acquisition Corp. (NASDAQ:DWACU) closed at $61.35 USD, gaining $10.08 (19.66%) from the previous close of $51.27. The stock is currently mid-range between its 52-week high and low $13.45 and $66.00. With a market capitalization of about $1.86 billion, Digital World Acquisition Corp. is classified as a small-cap and shows higher-than-market volatility (beta ~3.55). Key stats such as the average daily volume over the past year has been around 3.36 thousand shares, trading with heavier-than-usual volume. Headquartered in Miami, FL, Digital World Acquisition Corp. operates in the Financial Services sector and the Shell Companies industry. Led by CEO Eric S. Swider, the company employs approximately 3 people and listed since September 03, 2021. Digital World Acquisition Corp. currently lacks substantial active business operations.

Technical Performance

DWACU has shown sold momentum, gaining 12.41% over the past week and 11.32% over the past quarter, though year-to-date performance is up 11.32%.

Valuation Metrics

Digital World Acquisition Corp. trades at a P/E ratio of -2.56, slightly below the S&P 500 average, with a price-to-sales ratio of 748.66 and a price-to-book ratio of 2.23 suggesting the stock is closer to book value. The P/FCF stands at 66.84, also below market averages.

Dividend & Fair Value

Dividend and splits history remains an important factor for investors monitoring long-term returns.

Financial & Profitability Overview

Over the trailing twelve months, Digital World Acquisition has not generated any revenue. Returns are negative, with ROA at -7.04% and ROE at -8.94%.
On valuation metrics, Digital World Acquisition trades at a P/E of -2.56, P/S of 748.66 and P/B of 2.23. The current ratio is 1.07 and quick ratio is 1.07. Operationally, the company’s inventory turnover is 0.00 and cash conversion cycle is 408.00 days. Debt-to-equity is 0.77, supported by a cash flow-to-debt ratio of 0.04.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, Digital World Acquisition posted revenue of $0.00, down slightly from $0.00 in the prior quarter. Gross profit was - $21.04M (margin 0.00%). Operating income was - $18.34M (margin 0.0%). Net income was- $21.89M (EPS - $0.73).
The company ended the quarter with $395.01K in cash and short-term investments, a total debt of $0.00, and net debt of - $395.01K. Total assets were $311.02M, with equity of $244.78M.

Price Forecast & Outlook

Our AI price prediction model suggests that Digital World Acquisition Corp. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -73.72%, with price expected at $16.12 by November 24, 2023, within a range of $15.12 to $17.08

Key Takeaways

Digital World Acquisition Corp. (NASDAQ:DWACU) shares are up 11.32% year-to-date Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Digital World Acquisition Corp. trading at a premium to the broader market with a P/E of -2.56.

Frequently Asked Questions

What is the current Digital World Acquisition Corp. (DWACU) stock price?

Digital World Acquisition Corp. (NASDAQ: DWACU) stock price is $61.35 in the last trading session. During the trading session, DWACU stock reached the peak price of $63.88 while $56.86 was the lowest point it dropped to. The percentage change in DWACU stock occurred in the recent session was 19.66% while the dollar amount for the price change in DWACU stock was $10.08.

DWACU's industry and sector of operation?

The NASDAQ listed DWACU is part of Shell Companies industry that operates in the broader Financial Services sector. Digital World Acquisition Corp. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of DWACU?

No Data

How DWACU did perform over past 52-week?

DWACU's closing price is 356.13% higher than its 52-week low of $13.45 where as its distance from 52-week high of $66.00 is -7.04%.

How many employees does DWACU have?

Number of DWACU employees currently stands at 3.

Link for DWACU official website?

Official Website of DWACU is: https://www.dwacspac.com

How do I contact DWACU?

DWACU could be contacted at phone 305 735 1517 and can also be accessed through its website. DWACU operates from 78 SW 7th Street, Miami, FL 33130, United States.

How many shares of DWACU are traded daily?

DWACU stock volume for the day was 5.23K shares. The average number of DWACU shares traded daily for last 3 months was 3.36K.

What is the market cap of DWACU currently?

The market value of DWACU currently stands at $1.86B with its latest stock price at $61.35 and 30.25M of its shares outstanding.

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Employees	3
Beta	3.55
Sales or Revenue	$0.00
5Y Sales Change%	0%
Fiscal Year Ends	December
Sector	Financial Services
Industry	Shell Companies

DWACU Company Profile and Key Details

Digital World Acquisition

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Company Overview

Dividend & Fair Value

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Valuation Metrics