How Does Trump Media & Technology Group Corp’s (NASDAQ: DJT) Short-Term Prospect Look Like?

Trump Media & Technology Group Corp (NASDAQ:DJT) traded at $36.59 at close of the session on Friday, December 13 and made an upward move of 1.08% on its previous day’s price.

Looking at the stock we see that its previous close was $36.20 and the beta (5Y monthly) reads 5.593 with the day’s price range being $36.0702 – $37.35. 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 26.48% over that past 30 days.

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Trump Media & Technology Group Corp has a market cap of $8.02 billion and is expected to release its quarterly earnings report in January.

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% Buy.

Looking further, we note the current price level is 11.93% off its SMA20 and 14.91% from its 50-day simple moving average. The RSI (14) is pointing at 59.46 while the volatility over the past week is 6.62% and jumps to 7.78% over the past one month. The beta value is 5.30, while the average true range (ATR) is currently pointing at 2.98.

Coming back to Trump Media & Technology Group Corp (NASDAQ:DJT), we note that the average 3-month trading volume was 41.08 million, while that of the preceding 10-day period stands at 13.84 million. Current shares outstanding are 214.39 million.

The insiders hold 54.11% of the company’s shares while institutions hold 6.96%. The data shows that short shares as of 2024-11-29, stood at 12.69 million at a short ratio of 0.21. This represents a 918.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 16.97 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 109.09% up in year-to-date price movement.

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