Trump Media & Technology Group (NASDAQ:DJT) Hits New 12-Month Low – Here’s What Happened

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

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Trump Media & Technology Group Trading Up 5.9%

The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -2.00 and a beta of 4.06. The company’s 50 day moving average is $9.01 and its 200-day moving average is $10.78.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds have recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in Trump Media & Technology Group in the 4th quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in Trump Media & Technology Group in the 4th quarter valued at about $40,000. Daiwa Securities Group Inc. grew its stake in Trump Media & Technology Group by 68.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock valued at $54,000 after buying an additional 1,223 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Trump Media & Technology Group by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after acquiring an additional 1,286 shares during the period. Finally, CI Investments Inc. boosted its holdings in shares of Trump Media & Technology Group by 1,783.4% during the third quarter. CI Investments Inc. now owns 3,296 shares of the company’s stock worth $54,000 after acquiring an additional 3,121 shares during the period. 4.29% of the stock is currently owned by institutional investors and hedge funds.

About Trump Media & Technology Group

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.