Why Buy Stock In Trump Media & Technology Group Corp (DJT)?

Trump Media & Technology Group Corp (NASDAQ:DJT) has a beta value of 5.28 and has seen 2.12 million shares traded in the last trading session. The company, currently valued at $7.36B, closed the last trade at $33.94 per share which meant it lost -$1.28 on the day or -3.65% during that session. The DJT stock price is -133.88% off its 52-week high price of $79.38 and 65.38% above the 52-week low of $11.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.08 million shares traded. The 3-month trading volume is 39.21 million shares.

Trump Media & Technology Group Corp (NASDAQ:DJT) trade information

Sporting -3.65% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DJT stock price touched $33.94 or saw a rise of 8.22%. Year-to-date, Trump Media & Technology Group Corp shares have moved -0.48%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of Trump Media & Technology Group Corp (NASDAQ:DJT) have changed -2.32%. Short interest in the company has seen 9.24 million shares shorted with days to cover at 0.57.

Trump Media & Technology Group Corp (DJT) estimates and forecasts

The company’s shares have gained 17.83% over the past 6 months.

DJT Dividends

Trump Media & Technology Group Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Trump Media & Technology Group Corp (NASDAQ:DJT)’s Major holders

Insiders own 53.58% of the company shares, while shares held by institutions stand at 6.98% with a share float percentage of 15.05%. Investors are also buoyed by the number of investors in a company, with Trump Media & Technology Group Corp having a total of 332.0 institutions that hold shares in the company. The top two institutional holders are AUSTIN PRIVATE WEALTH, LLC with over 12.0 million shares worth more than $39.0. As of 2024-06-30, AUSTIN PRIVATE WEALTH, LLC held 7.1974% of shares outstanding.

The other major institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, with the holding of over 3.63 million shares as of 2024-06-30. The firm’s total holdings are worth over $119.01 million and represent 2.1796% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.47% shares in the company for having 1.02 shares of worth $34.69 million while later fund manager owns 868.4 shares of worth $29.41 million as of Sep 30, 2024 , which makes it owner of about 0.40% of company’s outstanding stock.