Trump Media & Technology Group (NASDAQ:DJT) Hits New 52-Week Low - Should You Sell?

Key Points

• Trump Media hit a new 52-week low, trading as low as $9.12 and last at $9.13 (down ~6.8%) on volume of about 4.93 million shares.
• Analyst sentiment is negative: Weiss Ratings reissued a Sell (e+) and MarketBeat shows a consensus Sell rating.
• Fundamentals are weak—$2.56 billion market cap but a negative P/E, -39.21% ROE, an extreme -19,338.97% net margin, and only $1.01 million in quarterly revenue; institutional ownership is about 4.29%.

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.12 and last traded at $9.13, with a volume of 4932141 shares trading hands. The stock had previously closed at $9.80.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Trump Media & Technology Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Trump Media & Technology Group Stock Down 6.8%

The company has a market capitalization of $2.56 billion, a P/E ratio of -3.27 and a beta of 4.61. The company has a 50-day moving average of $11.80 and a two-hundred day moving average of $13.52.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative return on equity of 39.21% and a negative net margin of 19,338.97%.The business had revenue of $1.01 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DJT. AQR Capital Management LLC bought a new stake in Trump Media & Technology Group during the first quarter worth about $940,000. NewEdge Advisors LLC increased its stake in shares of Trump Media & Technology Group by 31.9% during the first quarter. NewEdge Advisors LLC now owns 4,957 shares of the company's stock valued at $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 lifted its holdings in shares of Trump Media & Technology Group by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company's stock valued at $4,264,000 after purchasing an additional 37,367 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Trump Media & Technology Group by 12.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,127 shares of the company's stock worth $237,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Trump Media & Technology Group by 30.1% in the 2nd quarter. Allworth Financial LP now owns 4,029 shares of the company's stock worth $73,000 after purchasing an additional 931 shares in the last quarter. 4.29% of the stock is owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.