Trump Media & Technology Group Corp (DJT): The long term indicators on the stock say Sell today

Trump Media & Technology Group Corp (DJT) saw downtrend of -0.06% in the recent trading with $30.75 being its most recent. The current price level -61.26% lower than the highest price of $79.38 marked by the stock while trading over the past 52-weeks, whereas it is 161.70% higher than the lowest price of $11.75 the company dropped to over past 52-weeks. The latest news story on DJT appeared in (Investopedia) under the title “The Current ‘Trump Trade’ Is Less Euphoric And More Strategic”.

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Squeezing the time span to 30 day period shows us the stock is currently trading -43.76% below one month high and is +16.65% above of the lowest during that time. Looking into the simple moving average, Trump Media & Technology Group Corp (DJT)’s stock stands at a SMA-50 of $26.86 while that of 5-day is reading $30.40.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and DJT’s SMA-200 as of now is $34.36.

Trump Media & Technology Group Corp Earnings – What Happened With DJT

Coming around sales and income figures on DJT Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

DJT – Trump Media & Technology Group Corp Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 216.92 million. DJT does have institutional investors; and they hold 6.95% of the stock.

Trump Media & Technology Group Corp – Insider Activity and Holdings

As on 2024-06-30, AUSTIN PRIVATE WEALTH, LLC was the top most holder in Trump Media & Technology Group Corp (NASDAQ:DJT) with an ownership of 12.0 million shares of the company or 7.1974 of the stake worth $39.0. The filing also reveals SUSQUEHANNA INTERNATIONAL GROUP, LLP as the second largest holder in the company with a control over 2.1796 of the outstanding shares. Its stake is worth $119.01 million for having 3.63 million shares in hand.

VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 1.7273 of the outstanding shares. With this there are now 332.0 institutions which have possession in DJT’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Trump Media & Technology Group Corp has a debt to equity ratio of 0.02.

Technical Analysis of Trump Media & Technology Group Corp (NASDAQ:DJT) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Trump Media & Technology Group Corp (DJT), we notice that the stock’s 20-day average volume is at 69,275,953 shares. Its 50-day average volume of 48,766,488 shares. And to end, DJT’s 100-day average volume is 28,382,941 shares with 50% of the long-term indicators pointing towards Sell for the stock.