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

Trump Media & Technology Group Corp. (NASDAQ:DJT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.74 and last traded at $7.8550, with a volume of 600732 shares. The stock had previously closed at $7.88.

Analysts Set New Price Targets

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

Trump Media & Technology Group Trading Down 1.7%

The business has a 50-day moving average of $8.82 and a 200 day moving average of $10.60. The firm has a market capitalization of $2.14 billion, a P/E ratio of -1.88 and a beta of 4.06.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of DJT. Motiv8 Investments LLC bought a new position in shares of Trump Media & Technology Group in the 4th quarter worth $30,000. Global Assets Advisory LLC bought a new stake in Trump Media & Technology Group during the 1st quarter valued at $34,000. Root Financial Partners LLC increased its stake in Trump Media & Technology Group by 44,011.1% during the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after purchasing an additional 3,961 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Trump Media & Technology Group during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC raised its holdings in Trump Media & Technology Group by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after buying an additional 1,286 shares during the last quarter. 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.