Trump Media Stock Craters 70% From Highs: Is There Any Floor Left?

Zinger Key Points

DJT stock is down 70% from its 52-week high, with technical indicators signaling strong bearish momentum.
Trump Media faces financial struggles but is expanding into fintech, streaming, and branded products to diversify revenue.
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Trump Media & Technology Group Inc DJT stock has been in a free fall, trading at a staggering 70% discount from its 52-week high of $79.38, reached on March 26, 2024.

Closing at $23.80 on Thursday, DJT stock is deep in the red for 2025, down 30% year-to-date and struggling to find support amid persistent selling pressure.

Chart created using Benzinga Pro

A Bearish Trend With No Breaks

On the charts, DJT stock is flashing bright red signals. DJT stock is trading below its eight, 20, 50 and 200-day moving averages, reinforcing the bearish momentum.

The eight-day simple moving average (SMA) at $26.27, the 20-day SMA at $29.10, and the 50-day SMA at $33.08 all point to continued weakness.

With the 200-day SMA at $31.39, DJT remains in a firm downtrend, showing no signs of immediate reversal.

From Meme Hype To Market Reality

Despite early enthusiasm surrounding its SPAC merger, Trump Media is now grappling with harsh market realities. This remains a highly speculative play until the stock finds a floor and shows signs of stability.

At 70% off its peak, DJT may look like a bargain to some, but the technicals scream caution. The company reported a net loss of $400.9 million, largely driven by stock-based compensation and derivative liabilities, while annual revenue dropped 12% to just $3.6 million.

To counter its financial struggles, Trump Media is pushing into fintech, launching Truth+ streaming, and selling Trump-branded products—but so far, investors aren't buying the turnaround story.

Florida Reincorporation

In a bid to cut costs and shield itself from legal risks, Trump Media may have plans to reincorporate in Florida. The move promises tax breaks and a friendlier regulatory environment, but with DJT's stock price in free fall, it remains to be seen whether this shift will be enough to restore investor confidence.

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