Do Analysts Think Trump Media & Technology Group Corp. (DJT) Is Still Worth Buying In 2024?

Trump Media & Technology Group Corp. (NASDAQ:DJT) does about 7.57M shares in volume on a normal day but saw 4592666 shares change hands in the recent trading day. The company now has a market cap of 4.23B USD. Its current market price is $21.72, marking a decrease of -4.78% compared to the previous close of $22.81. The 52 week high reached by this stock is $79.38 whilst the lowest price level in 52 weeks is $13.11.

Trump Media & Technology Group Corp. (DJT) has a 20-day trading average at $25.04 and the current price is -72.64% off the 52-week high compared with 65.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $29.78 and its 200-day simple moving average is $33.91. If we look at the stock’s price movements over the week, volatility stands at 8.87%, which decreases to 7.01% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.55 to suggest the stock is neutral.

The current price level is -14.70%, -27.94%, and -35.89% away from its SMA20, SMA50, and SMA200 respectively, with the DJT price moving above the 50-day SMA on current market day. Trump Media & Technology Group Corp. (DJT) stock is down -2.34% over the week and -30.94% over the past month. Its price is 24.11% year-to-date and 55.92% over the past year.

Outstanding shares total 194.72M with insiders holding 70.40% of the shares and institutional holders owning 6.57% of the company’s common stock. The company has a return on investment of -104.63% and return on equity of -119.07%. The beta has a value of 5.93. Price to book ratio is 12.17 and price to sales ratio is 2626.91.