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

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.90 and last traded at $10.1030, with a volume of 635963 shares trading hands. The stock had previously closed at $10.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trump Media & Technology Group currently has an average rating of “Sell”.

Trump Media & Technology Group Stock Down 0.8%

The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -16.99 and a beta of 4.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 42.78 and a quick ratio of 42.78. The business has a fifty day moving average of $12.92 and a 200 day moving average of $14.42.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Motiv8 Investments LLC acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its holdings in Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock worth $39,000 after acquiring an additional 587 shares during the period. International Assets Investment Management LLC purchased a new position in Trump Media & Technology Group in the 4th quarter valued at approximately $40,000. Larson Financial Group LLC raised its holdings in shares of Trump Media & Technology Group by 70.7% in 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 last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Trump Media & Technology Group by 89.2% during the 4th quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock worth $49,000 after purchasing an additional 1,758 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.