Trump Media & Technology Group (NASDAQ:DJT) Hits New 1-Year Low – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price reached a new 52-week low on Friday . The stock traded as low as $9.86 and last traded at $9.84, with a volume of 1591024 shares changing hands. The stock had previously closed at $9.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Trump Media & Technology Group has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Down 1.3%

The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -3.52 and a beta of 4.61. The company’s 50 day moving average is $12.15 and its 200 day moving average is $13.77.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. The business had revenue of $1.01 million during the quarter. Trump Media & Technology Group had a negative net margin of 19,338.97% and a negative return on equity of 39.21%.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of large investors have recently added to or reduced their stakes in DJT. Vermillion & White Wealth Management Group LLC increased its stake in Trump Media & Technology Group by 37.2% during the 2nd 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. Arizona State Retirement System lifted its position in shares of Trump Media & Technology Group by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 49,198 shares of the company’s stock valued at $808,000 after acquiring an additional 808 shares during the period. Allworth Financial LP grew its holdings in shares of Trump Media & Technology Group by 30.1% during the 2nd quarter. Allworth Financial LP now owns 4,029 shares of the company’s stock worth $73,000 after purchasing an additional 931 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Trump Media & Technology Group by 9.5% during the 2nd quarter. Captrust Financial Advisors now owns 11,149 shares of the company’s stock worth $201,000 after purchasing an additional 963 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Trump Media & Technology Group by 40.7% in the second quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock worth $63,000 after purchasing an additional 1,002 shares during the period. Institutional investors and hedge funds own 4.29% of the company’s stock.

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.