Trump Media & Technology Group (NASDAQ:DJT) Hits New 12-Month Low – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.74 and last traded at $7.8550, with a volume of 600732 shares changing hands. The stock had previously closed at $7.88.

Analyst Ratings Changes

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

Trump Media & Technology Group Price Performance

The stock has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $10.60. The company has a market cap of $2.14 billion, a P/E ratio of -1.88 and a beta of 4.06.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Trump Media & Technology Group by 53.1% during the 3rd 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 in the last quarter. Clear Street Group Inc. raised its holdings in shares of Trump Media & Technology Group by 323,356.9% in the fourth quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock valued at $17,173,000 after purchasing an additional 1,296,661 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Trump Media & Technology Group in the fourth quarter valued at about $11,466,000. Anson Funds Management LP bought a new position in shares of Trump Media & Technology Group during the first quarter valued at about $6,598,000. Finally, Man Group plc lifted its position in shares of Trump Media & Technology Group by 1,775.2% during the third quarter. Man Group plc now owns 703,970 shares of the company’s stock valued at $11,559,000 after purchasing an additional 666,429 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.