Analysts rate Digital World Acquisition Corp (DWAC:NSD) with a Strong Buy rating and a $30.00 target

STA Research
by: STA Research
Digital World Acquisition

Based on the Digital World Acquisition Corp stock forecasts from 1 analyst, the average analyst DWAC stock price is USD 30.00 over the next 12 months. Digital World Acquisition Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Digital World Acquisition Corp is Slightly Bearish, which is based on 2 positive signals and 3 negative signals. At the last closing, Digital World Acquisition Corp’s stock price was USD 23.35. Digital World Acquisition Corp’s stock price has changed by -0.27% over the past week, -7.45% over the past month and +0.00% over the last year.

About Digital World Acquisition Corp (DWAC:NSD)

The operations of Digital World Acquisition Corp. are minimal. The company’s main goals are to combine one or more firms by merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination. It aims to pinpoint commercial prospects in the SaaS and technology sectors, as well as the FinTech and financial services industry in the Americas. Miami, Florida-based Digital World Acquisition Corp. was established in 2020.

 

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

High Gross Profit to Asset Ratio

DWAC stock price is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

Overpriced compared to book value

DWAC stock price is trading high compared to its peers’ median on a price-to-book value basis.

Negative cash flow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

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