There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Digital World Acquisition Corp. and Trump Media & Technology Group Corp. Announce filing of Amendment No. 2 to the Form S-4 Registration Statement, Marking a Significant Milestone in their Proposed Business Combination.
This NASDAQ-listed company operates within the Shell Companies industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $40.22 and fluctuated between $41.50 as its day high and $38.88 as its day low. The current market capitalization of Digital World Acquisition Corp is $1.50B. A total of 2.35 million shares were traded on the day, compared to an average of 2.27M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, DWAC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, DWAC has a high of $58.72 and a low of $12.34.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DWAC’s latest balance sheet shows that the firm has $327.73k in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $6.63, while its Total Shareholder’s Equity was $282.68M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.