Trump Media & Technology Group (NASDAQ:DJT) Reaches New 1-Year Low – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $5.28 and last traded at $5.3830, with a volume of 977,353 shares traded. The stock had previously closed at $5.95.

Analyst Ratings Changes

Several brokerages recently weighed in on DJT. Wall Street Zen downgraded Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday. Weiss Ratings cut Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Trump Media & Technology Group Trading Down 10.6%

The firm’s fifty day moving average price is $8.15 and its 200-day moving average price is $9.27. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -1.09 and a beta of 1.35.

Institutional Investors Weigh In On Trump Media & Technology Group

Several institutional investors have recently bought and sold shares of the company. Nykredit A S bought a new stake in shares of Trump Media & Technology Group in the 2nd quarter valued at about $31,000. Global Assets Advisory LLC bought a new position in Trump Media & Technology Group during the first quarter worth about $34,000. Root Financial Partners LLC increased its position in Trump Media & Technology Group by 44,011.1% during the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock worth $37,000 after buying an additional 3,961 shares during the last quarter. Farther Finance Advisors LLC increased its position in Trump Media & Technology Group by 55.6% during the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after buying an additional 1,691 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. raised its stake in Trump Media & Technology Group by 60.1% in the second quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company’s stock valued at $52,000 after buying an additional 2,500 shares during the period. 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.