Trump Media & Technology Group Corp (NASDAQ: DJT) Trading above Its 20 Day MA ($20.86), Why Showing An Interesting Price Pattern?

Trump Media & Technology Group Corp (NASDAQ:DJT) does about 5.53M shares in volume on a normal day but saw 3205986 shares change hands in the recent trading day. The company now has a market cap of 5.70B USD. Its current market price is $25.83, marking a decrease of -1.19% compared to the previous close of $26.14. The 52 week high reached by this stock is $56.55 whilst the lowest price level in 52 weeks is $11.75.

Trump Media & Technology Group Corp (DJT) has a 20-day trading average at $20.86 and the current price is -54.32% off the 52-week high compared with 119.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.00 and its 200-day simple moving average is $27.27. If we look at the stock’s price movements over the week, volatility stands at 7.12%, which increases to 9.07% 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 65.66 to suggest the stock is neutral.

The current price level is 23.80%, 17.40%, and -5.29% 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 up 14.85% over the week and 27.12% over the past month. Its price is -24.25% year-to-date and -27.59% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 220.66M with insiders holding 53.13% of the shares and institutional holders owning 11.64% of the company’s common stock. The company has a return on investment of -43.53% and return on equity of -69.21%. The beta has a value of 5.21. Price to book ratio is 6.24 and price to sales ratio is 1574.17.