A Look At The Behavior Of Trump Media & Technology Group Corp. (DJT) Stock

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Trump Media & Technology Group Corp. (NASDAQ:DJT) concluded the trading at $29.58 on current market day with a fall of -1.07% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $29.90 and 5Y monthly beta was reading 5.834 with its price kept floating in the range of $29.18 and $30.9399 on the day. Considering stock’s 52-week price range provides that DJT hit a high price of $79.38 and saw its price falling to a low level of $11.75 during that period. Over a period of past 1-month, stock came adding 101.22% in its value.

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In contrast, when we review DJT stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the DJT stock which is currently positioned at 0. It further provides that stock’s current price level is 45.56% away from its 20-day simple moving average and is 47.63% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 67.55 while volatility remained at 17.26% over the past week which changes to 12.76% when measuring it over the past month. Beta is valued at 5.86, while measure of average true range or ATR is currently at 2.79.

Having a second look at Trump Media & Technology Group Corp. (NASDAQ:DJT) provides that stock’s average daily trading volume for 3 months was 14.43 million, while it jumped to 45540550 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 200.16 million.

The percentage of outstanding shares held by the insiders is 62.46% while it is 6.47% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 11.44 million which implies a short ratio of 0.84. This shows down a 942.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 13.01 million in the previous month. Addition of 69.03% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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