Trump Media & Technology Group (NASDAQ:DJT) Trading Down 3.3% – Time to Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) fell 3.3% on Tuesday . The company traded as low as $12.80 and last traded at $12.7230. 2,027,140 shares traded hands during trading, a decline of 74% from the average session volume of 7,799,918 shares. The stock had previously closed at $13.16.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Trump Media & Technology Group currently has a consensus rating of “Sell”.

Trump Media & Technology Group Price Performance

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 stock has a market capitalization of $3.60 billion, a P/E ratio of -21.77 and a beta of 4.59. The stock’s fifty day moving average is $12.80 and its 200-day moving average is $15.94.

Insider Activity at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.59, for a total value of $55,068.00. Following the transaction, the director directly owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. This trade represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 53.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new position in Trump Media & Technology Group during the third quarter worth $75,000. Advisory Services Network LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $104,000. Hancock Prospecting Pty Ltd lifted its stake in shares of Trump Media & Technology Group by 72.0% in the third quarter. Hancock Prospecting Pty Ltd now owns 430,000 shares of the company’s stock valued at $7,061,000 after buying an additional 180,000 shares during the period. Public Employees Retirement System of Ohio increased its stake in Trump Media & Technology Group by 55.7% during the third quarter. Public Employees Retirement System of Ohio now owns 50,107 shares of the company’s stock valued at $823,000 after acquiring an additional 17,930 shares during the period. Finally, Mariner LLC raised its holdings in Trump Media & Technology Group by 12.0% in the 3rd quarter. Mariner LLC now owns 41,916 shares of the company’s stock valued at $688,000 after acquiring an additional 4,507 shares in 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.