Trump Media & Technology Group Corp. (DJT) stock hits $29.58: Is it a good time to buy or wait for a dip?

Trump Media & Technology Group Corp. [DJT] stock prices are down -1.07% to $29.58 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DJT shares have gain 17.01% over the last week, with a monthly amount glided 101.22%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

The stock price of Trump Media & Technology Group Corp. [DJT] has been fluctuating between $11.75 and $79.38 over the past year. Trump Media & Technology Group Corp. [NASDAQ: DJT] shares were valued at $29.58 at the most recent close of the market.

Analyzing the DJT fundamentals

Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at -36.28%, Pretax Profit Margin comes in at -108.17%, and Net Profit Margin reading is -108.42%. To continue investigating profitability, this company’s Return on Assets is posted at -1.04, Equity is -2.01 and Total Capital is -0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.86 points at the first support level, and at 28.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.62, and for the 2nd resistance point, it is at 31.66.

Ratios To Look Out For

It’s worth pointing out that Trump Media & Technology Group Corp. [NASDAQ:DJT]’s Current Ratio is 24.73. Also, the Quick Ratio is 24.73, while the Cash Ratio stands at 24.06. Considering the valuation of this stock, the price to sales ratio is 3677.47, the price to book ratio is 16.58.

Transactions by insiders

Recent insider trading involved Novachki Vladimir, Chief Technology Officer, that happened on Aug 22 ’24 when 7801.0 shares were sold. CFO and Treasurer, Juhan Phillip completed a deal on Aug 22 ’24 to sell 84941.0 shares. Meanwhile, General Counsel and Secretary Glabe Scott sold 4083.0 shares on Aug 22 ’24.

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