Last price: $35.31
52w range:
$11.75
to
$79.38
52w change:
201.00%
to
-56.00%
Forward PE:
Trailing EPS: -0.43
50d average: $33.98
(4%)
200d average: $33.14
(7%)
Open: $34.09
Previous close: $34.54
Change: $0.77
(2.23%)
Day high: $35.83
Day low: $33.65
Volume: 6.16 million
Avg. vol 3m: 38.01 million
NasdaqGM
NASDAQ:DJT
Cap: 7.66 billion
Shares outstanding: 216.9 million
Price hint: 2
Price to book: 9.27
Yahoo Quote
Trump Media & Technology Group Corp. (TMTG) is a digital media company founded by former U.S President Donald Trump in 2021. The company is created with the vision to rival the mainstream tech giants and to create a platform for free speech and uncensored dissemination of news, known as Truth Social.
In October 2021, the company announced their plans to go public through a merger with a special purpose acquisition company (SPAC) named Digital World Acquisition Corp. (DWAC). The deal proposal caused a surge in trading in shares of DWAC, showing strong investor interest.
As of now, details about TMTG's financial outlook are quite sparse. It’s important to note that investing in this business is associated with a high level of risk, considering it's a start-up with no operating history or revenue. It’s also being led by a polarising figure, which might bring regulatory scrutiny and potential hurdles.
Furthermore, the company faces immense competition from established social media giants like Twitter and Facebook. Its success would largely depend on user acceptance and their ability to attract advertisers.
So, while investing in TMTG may hold potential for substantial returns, given the initial excitement around the stock, it also carries significant risk. The lack of detailed financial information makes it difficult to valuate the company or predict its future growth. Potential investors should proceed with caution, bearing in mind their risk tolerance and investment horizon.
As an investment advisor, I would recommend keeping an eye on the firm’s ongoing developments to gather more information before taking a concrete investment action. It would be advisable to diversify your investment portfolio to mitigate risk.