Trump Media & Technology Group Corp (NASDAQ: DJT) is 87.31% 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 $28.10 in the last trading session, with the day’s gains setting it 4.68%.
Currently trading at $32.78, the stock is -5.47% and 28.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 40.23 million and changing 16.65% at the moment leaves the stock -5.73% off its SMA200. DJT registered 96.52% gain for a year compared to 6-month loss of -32.24%. The firm has a 50-day simple moving average (SMA 50) of $25.2629 and a 200-day simple moving average (SMA200) of $34.81065.
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The stock witnessed a 10.82% gain in the last 1 month and extending the period to 3 months gives it a 53.07%, and is -1.89% 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 12.58% over the week and 17.39% over the month.
Trump Media & Technology Group Corp (DJT) has around 36 employees, a market worth around $7.40B and $2.62M in sales. Profit margin for the company is -13944.18%. Distance from 52-week low is 178.98% and -58.70% 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
329.0 institutions hold shares in Trump Media & Technology Group Corp (DJT), with institutional investors hold 16.13% of the company’s shares. The shares outstanding are 216.92M, and float is at 79.39M with Short Float at 21.37%. Institutions hold 6.94% 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 SUSQUEHANNA INTERNATIONAL GROUP, LLP with 3.63 million shares valued at $119.01 million to account for 2.1796 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.88 million shares representing 1.7273% and valued at over $94.32 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 1.1097 of the shares totaling 1.85 million with a market value of $60.59 million.
Trump Media & Technology Group Corp (DJT) Insider Activity
The most recent transaction is an insider sale by Glabe Scott, the company’s General Counsel and Secretary. SEC filings show that Glabe Scott sold 15,917 shares of the company’s common stock on Nov 08 ’24 at a price of $32.19 per share for a total of $0.51 million. Following the sale, the insider now owns 0.34 million shares.
Trump Media & Technology Group Corp disclosed in a document filed with the SEC on Nov 08 ’24 that Juhan Phillip (CFO and Treasurer) sold a total of 320,000 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $30.65 per share for $9.81 million. Following the transaction, the insider now directly holds 0.33 million shares of the DJT stock.
Still, SEC filings show that on Nov 11 ’24, Juhan Phillip (CFO and Treasurer) disposed off 64,000 shares at an average price of $32.97 for $2.11 million. The insider now directly holds 265,798 shares of Trump Media & Technology Group Corp (DJT).
