Trump Media & Technology Group Corp (DJT) Stock Trading Recap
On Wednesday, Trump Media & Technology Group Corp (DJT) stock saw a decline, ending the day at $34.54 which represents a decrease of $-0.68 or -1.93% from the prior close of $35.22. The stock opened at $34.68 and touched a low of $33.56 during the day, reaching a high of $34.87. The volume of shares traded was 5.46 million falling short of the average volume of 39.21 million.
DJT Stock Performance and Moving Averages
In recent trading, Trump Media & Technology Group Corp (DJT) stock price has shown some volatility, fluctuating 1.29% over the last five trades and -0.58% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 19.93%, and it has gained 58.44% in the previous three months. Currently, DJT is trading at -2.98%, 0.93%, and 3.99% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
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As of the latest trading close, DJT, a Communication Services sector stock, is trading -56.49% below its 52-week high but remains 193.96% above its 52-week low. The Average True Range (ATR) (14 days) of 2.26 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Trump Media & Technology Group Corp’s Profitability and Valuation Ratios
Trump Media & Technology Group Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of -5540.13% and a profit margin of -13944.18%, with a gross margin of 19.93%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Trump Media & Technology Group Corp’s market capitalization stands at $7.49 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 2859.76, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 9.07, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 54.11% of Trump Media & Technology Group Corp (DJT)’s shares, while financial institutions hold 6.93%.
Notable insider trades include Glabe Scott, General Counsel and Secretary at Trump Media & Technology Group Corp (DJT), who sold 15917 shares on Nov 08 ’24, at $32.19 each, totaling $0.51 million. On Nov 08 ’24, Juhan Phillip, CFO and Treasurer, sold 320000 shares for $30.65 each, amounting to $9.81 million. Additionally, on Nov 11 ’24, Juhan Phillip sold 64000 shares at $32.97 each, generating $2.11 million.