Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $15.40 and last traded at $15.56, with a volume of 3288867 shares. The stock had previously closed at $15.96.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Trump Media & Technology Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Trump Media & Technology Group has a consensus rating of "Sell".
View Our Latest Stock Report on DJT
Trump Media & Technology Group Stock Down 1.5%
The company has a market cap of $4.35 billion, a PE ratio of -32.07 and a beta of 4.59. The stock's 50 day moving average price is $17.10 and its 200-day moving average price is $19.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 132.60 and a current ratio of 132.60.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%. The business had revenue of $0.88 million during the quarter.
Insider Activity
In other news, Director Eric Swider sold 5,000 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $17.61, for a total value of $88,050.00. Following the completion of the sale, the director owned 24,041 shares of the company's stock, valued at approximately $423,362.01. This represents a 17.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 53.00% of the company's stock.
Institutional Investors Weigh In On Trump Media & Technology Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD raised its holdings in Trump Media & Technology Group by 43.1% in the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company's stock worth $34,000 after purchasing an additional 575 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Trump Media & Technology Group in the 1st quarter worth $39,000. Vermillion & White Wealth Management Group LLC raised its holdings in Trump Media & Technology Group by 37.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company's stock worth $39,000 after purchasing an additional 587 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Trump Media & Technology Group by 21.6% in the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock worth $45,000 after purchasing an additional 410 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Trump Media & Technology Group by 748.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,165 shares of the company's stock worth $52,000 after purchasing an additional 2,792 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.
About Trump Media & Technology Group
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Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.
Further Reading
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