Trump Media & Technology Group Corp. (NASDAQ:DJT) price closed higher on current market day and jumping 5.81% above its previous close.
A look at the daily price movement shows that the last close reads $29.58, with intraday deals fluctuated between $29.32 and $31.65. The company’s 5Y monthly beta was ticking 5.834. Taking into account the 52-week price action we note that the stock hit a 52-week high of $79.38 and 52-week low of $11.75. The stock added 131.00% on its value in the past month.
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Trump Media & Technology Group Corp., which has a market valuation of $6.27 billion, is expected to release its quarterly earnings report in November.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give DJT a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that DJT’s price is at present 47.10% off the SMA20 and 55.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.97, with weekly volatility standing at 14.71%. The indicator jumps to 12.83% when calculated based on the past 30 days. Trump Media & Technology Group Corp. (NASDAQ:DJT)’s beta value is holding at 5.89, while the average true range (ATR) indicator is currently reading 2.75.
An analysis of the Trump Media & Technology Group Corp. (NASDAQ:DJT) stock in terms of its daily trading volume indicates that the 3-month average is 14.72 million. However, this figure increases on the past 10-day timeline to an average of 47.81 million.
Current records show that the company has 200.16M in outstanding shares. The insiders’ percentage holdings are 62.46% of outstanding shares while the percentage share held by institutions stands at 6.48%. The stats also highlight that short interest as of 2024-09-30, stood at 11.44 million shares, which puts the short ratio at the time at 0.84. From this we can glean that short interest is 942.00 of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 13.01 million. But the 78.86% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
