The trading price of Trump Media & Technology Group Corp (NASDAQ:DJT) closed higher on Monday, December 09, and closing at $35.34, 1.73% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $34.6224 and $36.18. In examining the 52-week price action we see that the stock hit a 52-week high of $79.38 and a 52-week low of $11.75. Over the past month, the stock has gained 27.60% in value.
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Trump Media & Technology Group Corp, whose market valuation is $7.89 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest DJT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that DJT’s price is currently 12.11% off the SMA20 and 16.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.71, and weekly volatility stands at 6.90%. When measured over the past 30 days, the indicator reaches 8.68%. Trump Media & Technology Group Corp (NASDAQ:DJT)’s beta value is currently sitting at 5.30, while the Average True Range indicator is currently displaying 3.19.
To see how Trump Media & Technology Group Corp stock has been performing in comparison to its peers in the industry, here are the numbers: DJT stock’s performance was 1.73% in the latest trading, and 107.03% in the past year.
An evaluation of the daily trading volume of Trump Media & Technology Group Corp (NASDAQ:DJT) indicates that the 3-month average is 41.16 million. However, this figure has increased over the past 10 days to an average of 13.53.
Currently, records show that 214.39 million of the company’s shares remain outstanding. The insiders hold 58.65% of outstanding shares, whereas institutions hold 6.96%. The stats also highlight that short interest as of 2024-11-15, stood at 17.55 million shares, resulting in a short ratio of 0.23 at that time. From this, we can conclude that short interest is 1270.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 13.18 million. However, since the stock’s price has seen 101.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
