Trump Media & Technology Group Corp (NASDAQ:DJT) shares traded 4.70% higher at $33.41 on Wall Street last session.
DJT stock price is now 37.13% away from the 50-day moving average and -4.54% away from the 200-day moving average. The market capitalization of the company currently stands at $8.35B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Novachki Vladimir, Chief Technology Officer sold 7,801 shares of the company’s stock on Aug 22 ’24. The stock was sold for $177,083 at an average price of $22.70. Upon completion of the transaction, the Chief Technology Officer now directly owns 37,199 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, CFO and Treasurer Juhan Phillip sold 84,941 shares of the business’s stock. A total of $1,928,161 was realized by selling the stock at an average price of $22.70. This leaves the insider owning 405,059 shares of the company worth $13.53 million. A total of 63.67% of the company’s stock is owned by insiders.
During the past 12 months, Trump Media & Technology Group Corp has had a low of $11.75 and a high of $79.38. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 47.49, and a quick ratio of 47.49. The fifty day moving average price for DJT is $24.0861 and a two-hundred day moving average price translates $35.02295 for the stock.
The latest earnings results from Trump Media & Technology Group Corp (NASDAQ: DJT) was released for 2024-09-30. The net profit margin was -13944.18% and return on equity was -68.68% for DJT. The company reported revenue of $1.01 million for the quarter, compared to $1.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.6 percent.
