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

Trump Media & Technology Group Corp. (NASDAQ:DJT) hit 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. The stock had previously closed at $8.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, Trump Media & Technology Group has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Down 5.2%

The company has a market cap of $2.27 billion, a price-to-earnings ratio of -2.00 and a beta of 4.15. The business has a fifty day simple moving average of $9.39 and a 200 day simple moving average of $11.37.

Trump Media & Technology Group (NASDAQ:DJT) last released its earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter. The company had revenue of $0.87 million during the quarter. Trump Media & Technology Group had a negative return on equity of 51.57% and a negative net margin of 29,103.62%.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Trump Media & Technology Group by 53.1% during the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock valued at $243,577,000 after acquiring an additional 5,143,195 shares during the period. SG Americas Securities LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter valued at $1,167,000. Hohimer Wealth Management LLC acquired a new position in Trump Media & Technology Group in the third quarter valued at about $1,252,000. Brevan Howard Capital Management LP acquired a new position in Trump Media & Technology Group in the second quarter valued at about $440,000. Finally, Balyasny Asset Management L.P. lifted its stake in Trump Media & Technology Group by 373.4% in the second quarter. Balyasny Asset Management L.P. now owns 244,162 shares of the company’s stock valued at $4,405,000 after buying an additional 192,584 shares during the period. Institutional investors and hedge funds own 4.29% of the company’s stock.

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.