Shares of Data Knights Acquisition Corp. (NASDAQ:DKDCA – Get Free Report) rose 13.3% during trading on Friday . The stock traded as high as $0.7350 and last traded at $0.7280. Approximately 2,048,039 shares changed hands during trading, an increase of 5,058% from the average session volume of 39,705 shares. The stock had previously closed at $0.6425.
Data Knights Acquisition Stock Up 13.3%
The business’s 50-day simple moving average is $0.69 and its two-hundred day simple moving average is $0.79. The firm has a market cap of $3.77 million, a price-to-earnings ratio of -3.83 and a beta of 0.18.
About Data Knights Acquisition
Data Knights Acquisition Corp is a special purpose acquisition company incorporated in Delaware in 2021 to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more target businesses. The company’s management team is focused on identifying enterprise technology and data-driven companies with a strong track record of growth and profitability. Since its initial public offering in 2021, Data Knights Acquisition has been actively evaluating potential acquisition targets across its focus sectors.
The company concentrates on opportunities in cybersecurity, data analytics, cloud infrastructure and software-as-a-service (SaaS) businesses.
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