Trump Media & Technology Group (NASDAQ:DJT) Reaches New 1-Year Low – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $10.14 and last traded at $10.1280, with a volume of 3772261 shares traded. The stock had previously closed at $10.98.

Wall Street Analysts Forecast Growth

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, the company has an average rating of “Sell”.

Trump Media & Technology Group Trading Down 9.7%

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 $12.98 and a 200-day moving average of $14.59. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -16.80 and a beta of 4.58.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of institutional investors have recently bought and sold shares of DJT. Swiss National Bank increased its holdings in shares of Trump Media & Technology Group by 88.4% in the 2nd quarter. Swiss National Bank now owns 316,700 shares of the company’s stock valued at $5,713,000 after purchasing an additional 148,600 shares during the period. Handelsbanken Fonder AB purchased a new position in Trump Media & Technology Group during the second quarter valued at approximately $424,000. RK Capital Management LLC FL acquired a new position in Trump Media & Technology Group in the 2nd quarter valued at approximately $920,000. XTX Topco Ltd purchased a new stake in Trump Media & Technology Group in the 2nd quarter worth approximately $1,017,000. Finally, Spire Wealth Management boosted its stake in shares of Trump Media & Technology Group by 628.1% during the 2nd quarter. Spire Wealth Management now owns 29,050 shares of the company’s stock valued at $524,000 after buying an additional 25,060 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.