Is TMTG stock a Buy or Sell now?
Trump Media & Technology Group (TMTG) is behind social media platform Truth Social, which is being developed by former President Donald Trump. Given the former president’s large fan base and the platform’s “free speech” marketing angle, it has an excellent chance of becoming very popular. For investors interested in purchasing of TMTG stock, they should assess TMTG's potential and risks before making an investment.
Is TMTG stock a good investment?
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. The earnings updates and other news can greatly impact overall sentiment. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. Trump has a strong history of making people a lot of money and winning. Still, TMTG stock is a risky name, but it could make long-term investors a significant amount of money. The stock has been on a bullish trend which means good returns if you invested at the right time.
How much is TMTG worth?
DWAC has achieved over 800% growth since going public on September 30, 2021, and 60% earnings in 2022 alone. That gives the stock a current market cap of $3.05 billion. This valuation is too expensive for a company where it is not immediately clear if a product even exists.
Is TMTG stock a good Buy right now?
DWAC stock is at an exorbitantly high valuation, especially considering its potential earnings and dilution issues. It is unclear if TMTG has already created a successfully performing product in either the social media, news provider, or video streaming space. The $3 billion valuation will be 26 times 2023 projected revenue of $114 million. This is way too high for a company that has yet to prove it will have any revenue after the merger closes.
It's difficult and maybe too soon to say if Trump Media & Technology Group a buy or sell now. It is also too difficult to provide a precise price prediction of the DWAC stock because of the recent market swings. Nevertheless, there are speculations that the dip is short-lived and the stock could be on its way up in the next couple of days.
TMTG has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating.
Can you buy stock in TMTG?
If you want to buy stock in former President Donald Trump’s new business, you much waiting for a while. Trump Media stock will be available following a merger with Digital World Acquisition Corp (DWAC). You can buy Digital World Acq stock through any stockbroker and it trades on NASDAQ under the symbol NASDAQ: DWAC.
Etoro, Robinhood, Interactive Broker and DEGIRO are on the list of largest brokerage firms you can trusted to trade TMTG Stock.
eToro might suit the needs of beginners Because eToro is geared toward investors who have not yet developed a strategy of their own. Their CopyTrading feature and the social aspect they bring to trading is what really sets them apart from another services.
Robinhood excels at being easy to use and cheap, make it is a good choice for new investors.
Interactive Broker is best for professional traders and sophisticated, active traders who want to take advantage of a powerful suite of tools and global access to a wide range of assets.
If you are an European investor looking for a low-cost way to trade stocks, DEGIRO is a solid choice. The trading platform is basic, but it is efficient and straightforward to use.
