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Trump Media & Technology Group Corp. (DJT) Analysis & Forecast for 2024

Trump Media & Technology Group Corp. (NASDAQ: DJT) is -1.26% lower on its value in year-to-date trading and has touched a low of $14.32 and a high of $79.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DJT stock was last observed hovering at around $17.97 in the last trading session, with the day’s loss setting it -0.69%.

Currently trading at $17.28, the stock is -12.62% and -33.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.21 million and changing -3.84% at the moment leaves the stock -49.23% off its SMA200. DJT registered 7.33% gain for a year compared to 6-month loss of -55.67%.

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The stock witnessed a -26.69% gain in the last 1 month and extending the period to 3 months gives it a -53.36%, and is -4.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.32% over the week and 8.58% over the month.

Trump Media & Technology Group Corp. (DJT) has around 36 employees, a market worth around $3.46B and $1.61M in sales. Profit margin for the company is -22274.75%. Distance from 52-week low is 20.67% and -78.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-104.63%).

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Trump Media & Technology Group Corp. (DJT) Top Institutional Holders

306.0 institutions hold shares in Trump Media & Technology Group Corp. (DJT), with institutional investors hold 19.60% of the company’s shares. The shares outstanding are 200.16M, and float is at 67.58M with Short Float at 19.26%. Institutions hold 6.50% of the Float.

Trump Media & Technology Group Corp. (DJT) Insider Activity

The most recent transaction is an insider sale by Novachki Vladimir, the company’s Chief Technology Officer. SEC filings show that Novachki Vladimir sold 7,801 shares of the company’s common stock on Aug 22 ’24 at a price of $22.70 per share for a total of $0.18 million. Following the sale, the insider now owns 37199.0 shares.

Trump Media & Technology Group Corp. disclosed in a document filed with the SEC on Aug 22 ’24 that Juhan Phillip (CFO and Treasurer) sold a total of 84,941 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $22.70 per share for $1.93 million. Following the transaction, the insider now directly holds 0.41 million shares of the DJT stock.

Still, SEC filings show that on Aug 22 ’24, Glabe Scott (General Counsel and Secretary) disposed off 4,083 shares at an average price of $22.70 for $92684.0. The insider now directly holds 15,917 shares of Trump Media & Technology Group Corp. (DJT).

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