Trump Media & Technology Group Corp (NASDAQ:DJT) Slides 12.37 Percent In Recent Trade, What Can We Expect Next?

Trump Media & Technology Group Corp (NASDAQ:DJT) traded at $34.34 at close of the session on Monday, November 04 and made an upward move of 12.37% on its previous day’s price.

Looking at the stock we see that its previous close was $30.56 and the beta (5Y monthly) reads 5.834 with the day’s price range being $28.88 – $35.76. In terms of its 52-week price range, DJT has a high of $79.38 and a low of $11.75. The company’s stock has gained about 108.12% over that past 30 days.

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Trump Media & Technology Group Corp has a market cap of $5.94 billion and is expected to release its quarterly earnings report in December.

On the other hand, looking at the outlook for the DJT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 4.99% off its SMA20 and 48.34% from its 50-day simple moving average. The RSI (14) is pointing at 54.06 while the volatility over the past week is 25.51% and jumps to 16.90% over the past one month. The beta value is 5.61, while the average true range (ATR) is currently pointing at 5.12.

Coming back to Trump Media & Technology Group Corp (NASDAQ:DJT), we note that the average 3-month trading volume was 26.57 million, while that of the preceding 10-day period stands at 81.43 million. Current shares outstanding are 200.16 million.

The insiders hold 62.46% of the company’s shares while institutions hold 6.67%. The data shows that short shares as of 2024-10-15, stood at 13.18 million at a short ratio of 0.49. This represents a 1085.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 14.45 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 96.23% up in year-to-date price movement.

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