Digital World Acquisition Corp. (NASDAQ: DWAC) stock fell -3.82% on Friday to $17.90 against a previous-day closing price of $18.61. With 1.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. During the session, the Shell Companies company that operates in wider Financial sector, reached to the highest price of $19.30 whereas the lowest price it dropped to was $17.18. The 52-week range on DWAC shows that it touched its highest point at $175.00 and its lowest point at $9.84 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DWAC was down-trending over the past week, with a drop of -26.00%, but this was down by -40.23% over a month. Three-month performance dropped to -35.87% while six-month performance fell -74.79%.
Float and Shares Shorts:
At present, 37.22 million DWAC shares are outstanding with a float of 28.89 million shares on hand for trading. In addition to Mr. Patrick F. Orlando as the firm’s Chairman & CEO, Mr. Luis Orleans-Braganza serves as its Chief Financial Officer.
Through their ownership of 6.20% of DWAC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.86% of DWAC, in contrast to 0.10% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DWAC with 2.03% of the stake, Pentwater Capital Management LP holds 608,891 shares worth 608,891. A second-largest stockholder of DWAC, Nomura Securities Co., Ltd., holds 270,654 shares, controlling over 0.90% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in DWAC, holding 246,062 shares or 0.82% stake. With a 0.06% stake in DWAC, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 16,488 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index E, which owns about 0.02% of DWAC stock, is the second-largest Mutual Fund holder. It holds 6,046 shares valued at 0.15 million. SOLIT Wertefonds holds 0.02% of the stake in DWAC, owning 6,000 shares worth 0.15 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, DWAC reported revenue of $0.00 and operating income of -$4.70M. Over the past year, revenue came in at $0.00 while operating income stood at -$8.01M. It generated -$4.34M net income for the quarter, which came to -$7.61M over the last twelve months. The EBITDA in the recently reported quarter was -$5.10M and diluted EPS was -$0.12. EBITDA for the full year was -$8.44M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DWAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DWAC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.