Trump Media (DJT) stock is severely overvalued: is it safe to short it?
Trump Media & Technology (NASDAQ: DJT) stock price has staged a strong recovery recently. It has soared to $54.40, 142% above its lowest point in April. That surge has pushed its market cap to over $7.45 billion, pushing Trump’s net worth to over $8 billion. Trump Medis is highly overvaluedTrump Media & Technology Group is one of the most severely overvalued companies in Wall Street. Its market cap is slightly smaller than Reddit, a social media platform that is popular globally with over 71 million users. X, formerly known as Twitter, is estimated to be worth about $12.5 billion by Fidelity, ...