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

Trump Media & Technology Group Corp. (NASDAQ:DJT) reached a new 52-week low 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Down 9.7%

The firm has a 50 day moving average of $12.98 and a 200-day moving average of $14.59. 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 $2.77 billion, a P/E ratio of -16.80 and a beta of 4.58.

Hedge Funds Weigh In On Trump Media & Technology Group

Several institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its position in Trump Media & Technology Group by 88.4% during the 2nd quarter. Swiss National Bank now owns 316,700 shares of the company’s stock worth $5,713,000 after acquiring an additional 148,600 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Trump Media & Technology Group during the second quarter worth $424,000. RK Capital Management LLC FL acquired a new stake in shares of Trump Media & Technology Group in the second quarter valued at $920,000. XTX Topco Ltd bought a new position in shares of Trump Media & Technology Group in the second quarter valued at about $1,017,000. Finally, Spire Wealth Management lifted its position in Trump Media & Technology Group by 628.1% during the 2nd quarter. Spire Wealth Management now owns 29,050 shares of the company’s stock worth $524,000 after buying an additional 25,060 shares in the last quarter. 4.29% of the stock is owned by institutional investors.

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.