Trump Media & Technology Group Corp (NASDAQ:DJT) price on current trading day, fall -4.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $33.74.
A look at the stock’s price movement, the close in the last trading session was $35.26, moving within a range at $33.66 and $36.76. The beta value (5-Year monthly) was 5.593. Turning to its 52-week performance, $79.38 and $11.75 were the 52-week high and 52-week low respectively. Overall, DJT moved -0.59% over the past month.
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Trump Media & Technology Group Corp’s market cap currently stands at around $7.32 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DJT is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
DJT’s current price about 8.84% and 14.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.75, while 7-day volatility ratio is 7.66% and 10.59% in the 30-day chart. Further, Trump Media & Technology Group Corp (DJT) has a beta value of 5.30, and an average true range (ATR) of 3.43.
If we refocus on Trump Media & Technology Group Corp (NASDAQ:DJT), historical trading data shows that trading volumes averaged 14.19 over the past 10 days and 40.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 214.39 million shares.
The 58.65% of Trump Media & Technology Group Corp’s shares are in the hands of company insiders while institutional holders own 6.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.55 million on 2024-11-15, giving us a short ratio of 0.23. The data shows that as of 2024-11-15 short interest in Trump Media & Technology Group Corp (DJT) stood at 1270.0 of shares outstanding, with shares short rising to 13.18 million registered in 2024-10-15. Current price change has pushed the stock 92.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DJT stock continues to rise going into the next quarter.
