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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $5.72 and last traded at $5.9340, with a volume of 889,400 shares traded. The stock had previously closed at $5.97.

Wall Street Analyst Weigh In

Several brokerages recently commented on DJT. Weiss Ratings cut shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. Wall Street Zen lowered shares of Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Trump Media & Technology Group Stock Down 2.6%

The firm has a market capitalization of $1.62 billion, a PE ratio of -1.18 and a beta of 4.07. The company has a 50-day moving average of $8.40 and a 200 day moving average of $9.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trueblood Wealth Management LLC grew its stake in Trump Media & Technology Group by 28.5% in the 3rd quarter. Trueblood Wealth Management LLC now owns 45,047 shares of the company’s stock worth $408,000 after buying an additional 10,000 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $39,000. Axxcess Wealth Management LLC raised its position in shares of Trump Media & Technology Group by 2.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 72,161 shares of the company’s stock valued at $654,000 after buying an additional 1,960 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $92,000. Finally, Abel Hall LLC bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $126,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.