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

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) reached a new 52-week low during trading on Tuesday . The company traded as low as $7.76 and last traded at $7.8050, with a volume of 2819128 shares trading hands. The stock had previously closed at $8.15.

Analyst Ratings Changes

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

Trump Media & Technology Group Stock Performance

The firm’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $10.81. The firm has a market cap of $2.24 billion, a PE ratio of -1.96 and a beta of 4.07.

Institutional Trading of Trump Media & Technology Group

Hedge funds have recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Trump Media & Technology Group in the 4th quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $40,000. Daiwa Securities Group Inc. boosted its position in shares of Trump Media & Technology Group by 68.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock worth $54,000 after purchasing an additional 1,223 shares during the period. Larson Financial Group LLC boosted its position in shares of Trump Media & Technology Group by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after purchasing an additional 1,286 shares during the period. Finally, CI Investments Inc. boosted its position in shares of Trump Media & Technology Group by 1,783.4% during the 3rd quarter. CI Investments Inc. now owns 3,296 shares of the company’s stock worth $54,000 after purchasing an additional 3,121 shares during the period. Hedge funds and other institutional investors 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.