Trump Media & Technology Group (NASDAQ:DJT) Reaches New 1-Year Low – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJTGet Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as $8.31 and last traded at $8.2970, with a volume of 1662105 shares changing hands. The stock had previously closed at $8.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Report on DJT

Trump Media & Technology Group Stock Performance

The company has a 50-day moving average of $9.39 and a 200-day moving average of $11.37. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -2.00 and a beta of 4.15.

Trump Media & Technology Group (NASDAQ:DJTGet Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative return on equity of 51.57% and a negative net margin of 29,103.62%.The business had revenue of $0.87 million during the quarter.

Hedge Funds Weigh In On Trump Media & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in shares of Trump Media & Technology Group during the first quarter worth about $940,000. NewEdge Advisors LLC increased its holdings in Trump Media & Technology Group by 31.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,957 shares of the company’s stock worth $97,000 after purchasing an additional 1,200 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Trump Media & Technology Group by 20.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock worth $4,264,000 after purchasing an additional 37,367 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Trump Media & Technology Group by 202.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock worth $68,000 after purchasing an additional 2,514 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Trump Media & Technology Group by 74.5% in the 2nd quarter. Invesco Ltd. now owns 112,855 shares of the company’s stock worth $2,036,000 after purchasing an additional 48,199 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Company Profile

(Get Free Report)

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.

Further Reading

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