Digital World Acquisition Corp. (DWAC) is a NASDAQ listed company with a current market capitalization of approximately $562 mln. This is on the back of their stock increasing 0.6667% for the day, currently trading at 15.1 dollars per share. The company has seen some fluctuations in their market cap over the last few months - from 598 mln dollars on 3 February 2023 to 570 mln dollars on 1 February 2023 and then back up to 627 mln on 2 February 2023. The 52-week high for DWAC was 101.87 dollars per share, reached on 19 August 2022 and the 52-week low was 14.16 dollars per share, reached on 16 March 2023.
The average price for the stock over a 50 day period is 17.0917 and 25.444 over a 200 day period, indicating that while there have been fluctuations in price recently it is still within expected ranges in terms of its overall performance over a longer time frame. The number of shares outstanding currently stands at 37 mln shares and the volume traded today was 186183 shares, which is significantly lower than the average volume traded per day of 819k shares and suggests there may be reduced interest in the stock at present, impacting its market capitalization value and share price performance as well as overall investor sentiment towards the company’s prospects going forward
Overall, DWAC’s financial position appears strong with an above average market capitalization value relative to peers in its sector and strong performance compared to averages over both short-term and long-term periods respectively. Some recent drops in volume however suggest that investors may be taking a more cautious approach with this particular company at present but it remains one worth keeping an eye on for those looking to invest in tech stocks going forward
