Investors Take Advantage Of 0.92% Gain In Trump Media & Technology Group Corp (NASDAQ: DJT)

Trump Media & Technology Group Corp (NASDAQ:DJT) traded at $30.77 at close of the session on current trade day and made an upward move of 0.92% on its previous day’s price.

Looking at the stock we see that its previous close was $30.49 and the beta (5Y monthly) reads 5.593 with the day’s price range being $30.43 – $31.58. 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 lost about -11.96% over that past 30 days.

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Trump Media & Technology Group Corp has a market cap of $6.74 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 Hold, while medium term indicators assign it an average of Hold.

Looking further, we note the current price level is -8.22% off its SMA20 and 15.70% from its 50-day simple moving average. The RSI (14) is pointing at 50.17 while the volatility over the past week is 10.51% and jumps to 16.94% over the past one month. The beta value is 5.41, while the average true range (ATR) is currently pointing at 4.47.

Coming back to Trump Media & Technology Group Corp (NASDAQ:DJT), we note that the average 3-month trading volume was 39.35 million, while that of the preceding 10-day period stands at 26.2 million. Current shares outstanding are 216.92 million.

The insiders hold 58.63% of the company’s shares while institutions hold 6.95%. The data shows that short shares as of 2024-10-31, stood at 16.97 million at a short ratio of 0.32. This represents a 1228.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 11.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 75.83% up in year-to-date price movement.

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