Trump Media & Technology Group (NASDAQ:DJT) Hits New 52-Week Low – Here’s Why

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) reached a new 52-week low on Tuesday . The company traded as low as $10.14 and last traded at $10.1280, with a volume of 3772261 shares. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, January 21st. 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 firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -17.91 and a beta of 4.58. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $12.93 and its 200 day moving average is $14.49.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors have recently added to or reduced their stakes in the stock. Motiv8 Investments LLC purchased a new position in shares of Trump Media & Technology Group during the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Trump Media & Technology Group by 37.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock valued at $39,000 after acquiring an additional 587 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $40,000. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Trump Media & Technology Group by 89.2% in the fourth quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock worth $49,000 after acquiring an additional 1,758 shares in the last quarter. 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.