Trump Media & Technology Group Corp (NASDAQ: DJT) is 90.91% higher on its value in year-to-date trading and has touched a low of $11.75 and a high of $79.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DJT stock was last observed hovering at around $31.91 in the last trading session, with the day’s gains setting it 1.5%.
Currently trading at $33.41, the stock is -3.90% and 37.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 53.03 million and changing 4.70% at the moment leaves the stock -4.54% off its SMA200. DJT registered 120.82% gain for a year compared to 6-month loss of -35.31%. The firm has a 50-day simple moving average (SMA 50) of $24.0861 and a 200-day simple moving average (SMA200) of $35.02295.
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The stock witnessed a 32.16% gain in the last 1 month and extending the period to 3 months gives it a 39.32%, and is -2.71% 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 22.38% over the week and 18.50% over the month.
Trump Media & Technology Group Corp (DJT) has around 36 employees, a market worth around $8.35B and $2.62M in sales. Profit margin for the company is -13944.18%. Distance from 52-week low is 184.34% and -57.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.34%).
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Trump Media & Technology Group Corp (DJT) Top Institutional Holders
311.0 institutions hold shares in Trump Media & Technology Group Corp (DJT), with institutional investors hold 14.77% of the company’s shares. The shares outstanding are 200.16M, and float is at 72.72M with Short Float at 18.12%. Institutions hold 6.33% of the Float.
The top institutional shareholder in the company is AUSTIN PRIVATE WEALTH, LLC with over 12.0 million shares valued at $39.0. The investor’s holdings represent 7.1974% of the DJT Shares outstanding. As of 2024-06-30, the second largest holder is GREENWICH WEALTH MANAGEMENT LLC with 0.35 million shares valued at $11.58 million to account for 0.212 of the shares outstanding. The other top investors are GROUP ONE TRADING, L.P. which holds 0.34 million shares representing 0.204% and valued at over $11.14 million, while ATW SPAC MANAGEMENT LLC holds 0.1233 of the shares totaling 0.21 million with a market value of $6.73 million.
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).
