Digital Stock Today

DHAC -  USA Stock  

USD 10.00  0.01  0.1%

Market Performance
5 of 100
Odds Of Distress
Over 56
Digital Health is trading at 10.00 as of the 16th of May 2022, a -0.1 percent decrease since the beginning of the trading day. The stock's open price was 10.01. Digital Health has over 56 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Digital Health Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of February 2022 and ending today, the 16th of May 2022. Please note, there could be an existing legal relationship between Digital Health Acqui (DHAC) and Digital Health Acqui (DHACW). Click here to learn more.
Digital Health Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Boca Raton, Florida. The company has 14.93 M outstanding shares of which 702 shares are currently shorted by private and institutional investors with about 0.07 trading days to cover. More on Digital Health Acquisition

Digital Health Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Digital Health's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Digital Health or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Digital Health Acqui has high likelihood to experience some financial distress in the next 2 years
Digital Health Acqui has a frail financial position based on the latest SEC disclosures
About 24.0% of the company shares are held by company insiders
Latest headline from betakit.com: Dialogue, LifeSpeak struggle to please shareholders with first quarter 2022 results - BetaKit - Canadian Startup News
Digital Health Fama & French Trading
Trading
Fama & French Classification
Digital Health Acqui SEC Filings
Digital Health SEC Filings Security & Exchange Commission EDGAR Reports
Related EntityDHACW (Digital Health Acquisition)
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Digital Health Acqui based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Digital Health Acqui financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 2 - FrailDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares3.6 M3.6 M
Slightly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted3.6 M3.6 M
Slightly Down
Decreasing
Slightly volatile
Total Assets105.5 M106.2 M
Slightly Down
Decreasing
Slightly volatile
Total Liabilities4.1 M4.1 M
Slightly Down
Decreasing
Slightly volatile
Current Assets1.1 M1.1 M
Slightly Down
Decreasing
Slightly volatile
Current Liabilities164.7 K165.7 K
Slightly Down
Decreasing
Slightly volatile
Total Debt39.3 K39.5 K
Slightly Down
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Digital Health's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Financial Strength
Digital Health's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Digital Health's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Digital Health's financial leverage. It provides some insight into what part of Digital Health's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Digital Health's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Digital Health deploys its capital and how much of that capital is borrowed.
Digital Health Acquisition (DHAC) is traded on NASDAQ Exchange in USA. It is located in 980 North Federal Highway . Digital Health is listed under Trading category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with current market capitalization of 149.32 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Digital Health's market, we take the total number of its shares issued and multiply it by Digital Health's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Digital Health Acqui conducts business under Financial Services sector and is part of Shell Companies industry. The entity has 14.93 M outstanding shares of which 702 shares are currently shorted by private and institutional investors with about 0.07 trading days to cover.
Check Digital Health Probability Of Bankruptcy
Ownership
Digital Health Acqui retains a total of 14.93 Million outstanding shares. Digital Health Acquisition retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Digital Ownership Details

Digital Stock Price Odds Analysis

What are Digital Health's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Digital Health jumping above the current price in 90 days from now is about 35.61%. The Digital Health Acquisition probability density function shows the probability of Digital Health stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Digital Health Acquisition has a beta of -0.0073 suggesting as returns on benchmark increase, returns on holding Digital Health are expected to decrease at a much lower rate. During the bear market, however, Digital Health Acquisition is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Digital Health Acqui is significantly underperforming DOW.
  Odds Down 10.0HorizonTargetOdds Up 10.0  
60.94%90 days
 10.00 
35.61%
Based on a normal probability distribution, the odds of Digital Health to move above the current price in 90 days from now is about 35.61 (This Digital Health Acquisition probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) .

Digital Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Digital Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Digital Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Digital Health's value.
InstituionSecurity TypeTotal SharesValue
Wolverine Asset Management LlcCommon Shares434.6 K4.3 M
Wolverine Asset Management LlcWarrants265.9 K44 K
Beryl Capital Management LlcCommon Shares847.7 K8.4 M
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Digital Health Historical Income Statement

Digital Health Acquisition Income Statement is one of the three primary financial statements used for reporting Digital's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Digital Health Acqui revenue and expense. Digital Health Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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Digital Stock Against Markets

Picking the right benchmark for Digital Health stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Digital Health stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Digital Health is critical whether you are bullish or bearish towards Digital Health Acquisition at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Digital Health without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Digital Health Acquisition

You need to understand the risk of investing before taking a position in Digital Health. The danger of trading Digital Health Acquisition is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Digital Health is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Digital Health. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Digital Health Acqui is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Digital Health Acqui information on this page should be used as a complementary analysis to other Digital Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Digital Health Acqui price analysis, check to measure Digital Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Health is operating at the current time. Most of Digital Health's value examination focuses on studying past and present price action to predict the probability of Digital Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Digital Health's price. Additionally, you may evaluate how the addition of Digital Health to your portfolios can decrease your overall portfolio volatility.
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Is Digital Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Health. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Digital Health Acqui is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Health's value that differs from its market value or its book value, called intrinsic value, which is Digital Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digital Health's market value can be influenced by many factors that don't directly affect Digital Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digital Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Digital Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.