Trump Media & Technology Group (NASDAQ:DJT) Stock Price Up 6% – Time to Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) shot up 6% during trading on Monday . The company traded as high as $9.68 and last traded at $9.91. 1,192,624 shares were traded during trading, a decline of 71% from the average session volume of 4,067,248 shares. The stock had previously closed at $9.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Trump Media & Technology Group Stock Performance

The stock’s fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $11.92. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -3.29 and a beta of 4.59.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings data on Friday, February 27th. The company reported ($2.37) earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative return on equity of 39.21% and a negative net margin of 19,338.97%.The business had revenue of $1.01 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DJT. Vanguard Group Inc. boosted its stake in shares of Trump Media & Technology Group by 53.1% during the 3rd quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after acquiring an additional 5,143,195 shares in the last quarter. Clear Street Group Inc. raised its position in shares of Trump Media & Technology Group by 323,356.9% during the fourth quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock worth $17,173,000 after purchasing an additional 1,296,661 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in shares of Trump Media & Technology Group during the fourth quarter valued at $11,466,000. Man Group plc boosted its position in shares of Trump Media & Technology Group by 1,775.2% in the 3rd quarter. Man Group plc now owns 703,970 shares of the company’s stock valued at $11,559,000 after purchasing an additional 666,429 shares during the period. Finally, Susquehanna Portfolio Strategies LLC purchased a new position in Trump Media & Technology Group in the 4th quarter worth about $7,583,000. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.