Trump Media & Technology Group (NASDAQ:DJT) Sets New 12-Month Low – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price hit a new 52-week low on Tuesday . The company traded as low as $7.76 and last traded at $7.8050, with a volume of 2819128 shares traded. The stock had previously closed at $8.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Trump Media & Technology Group Trading Down 0.7%

The firm’s 50-day moving average is $9.04 and its two-hundred day moving average is $10.81. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -1.96 and a beta of 4.07.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds have recently bought and sold shares of DJT. AQR Capital Management LLC acquired a new stake in Trump Media & Technology Group in the 1st quarter valued at about $940,000. NewEdge Advisors LLC raised its holdings in Trump Media & Technology Group by 31.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,957 shares of the company’s stock valued at $97,000 after acquiring an additional 1,200 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Trump Media & Technology Group by 20.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock valued at $4,264,000 after acquiring an additional 37,367 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Trump Media & Technology Group by 202.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock valued at $68,000 after acquiring an additional 2,514 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Trump Media & Technology Group by 74.5% in the 2nd quarter. Invesco Ltd. now owns 112,855 shares of the company’s stock valued at $2,036,000 after acquiring an additional 48,199 shares during the last quarter. 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.