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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $9.86 and last traded at $9.84, with a volume of 1591024 shares changing hands. The stock had previously closed at $9.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trump Media & Technology Group presently has an average rating of “Sell”.

Trump Media & Technology Group Stock Down 1.4%

The firm’s fifty day moving average price is $12.07 and its 200 day moving average price is $13.69. The stock has a market cap of $2.74 billion, a PE ratio of -3.51 and a beta of 4.61.

Trump Media & Technology Group (NASDAQ:DJT) last posted its earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. The company had revenue of $1.01 million during the quarter. Trump Media & Technology Group had a negative net margin of 19,338.97% and a negative return on equity of 39.21%.

Institutional Investors Weigh In On Trump Media & Technology Group

Several large investors have recently made changes to their positions in DJT. Motiv8 Investments LLC bought a new position in Trump Media & Technology Group during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its stake in Trump Media & Technology Group by 37.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock worth $39,000 after acquiring an additional 587 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Trump Media & Technology Group in the 4th quarter worth approximately $40,000. Larson Financial Group LLC raised its holdings in shares of Trump Media & Technology Group by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Trump Media & Technology Group by 89.2% during the 4th quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock worth $49,000 after acquiring an additional 1,758 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.