Trump Media & Technology Group (NASDAQ:DJT) Hits New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group presently has an average rating of “Sell”.

Trump Media & Technology Group Stock Down 6.1%

The company has a 50 day moving average of $8.72 and a 200 day moving average of $10.54. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -1.71 and a beta of 4.06.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors have recently bought and sold shares of the stock. Motiv8 Investments LLC purchased a new position in Trump Media & Technology Group during the fourth quarter worth approximately $30,000. Global Assets Advisory LLC purchased a new position in shares of Trump Media & Technology Group in the 1st quarter worth $34,000. Root Financial Partners LLC boosted its holdings in Trump Media & Technology Group by 44,011.1% in the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after acquiring an additional 3,961 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Trump Media & Technology Group in the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC grew its position 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 valued at $41,000 after acquiring an additional 1,286 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

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.