Trump Media & Technology Group Corp. (NASDAQ: DJT), the company behind Truth Social, continues to trade near the bottom of its 2025 range after a year of extreme volatility, widening losses, and an aggressive pivot into crypto and “America First” financial products.
As of the close on December 5, 2025, DJT stock finished at $11.36, down 3.65% on the day. That leaves the shares roughly a three‑quarter decline from their 52‑week high around $43.45, and only modestly above their 52‑week low near $10.19. [1]
Fresh technical models updated on December 6 continue to flag DJT as a high‑risk, bearish‑trend stock, even after the company reached an “amicable” settlement with its co‑founders and touted its strong cash and digital asset reserves. [2]
Below is a detailed rundown of DJT’s latest price action, news flow, forecasts, and risk factors as of December 6, 2025.
DJT stock price today: trading around $11 after a brutal 2025 slide
According to Nasdaq trading data compiled by StockAnalysis and Markets Insider, DJT closed at $11.36 on December 5, 2025, with intraday trading between roughly $11.31 and $11.82 and volume close to 5.9 million shares. [3]
Key price markers:
- Latest close (Dec 5, 2025): $11.36
- 52‑week high: about $43.45
- 52‑week low: about $10.19
- Market cap: roughly $3–3.3 billion, based on ~280 million shares outstanding [4]
From late September, when shares traded near $16.90, DJT has lost roughly a third of its value. Relative to its post‑merger speculative peaks, various analyses estimate a drop of around 70–80% from the highs. [5]
In other words: the stock is still priced well above a typical SPAC “floor” but trades like a wounded meme stock, swinging several percent per day on relatively modest news.
Latest DJT news: co‑founder settlement, widening losses, and a massive crypto balance sheet
Legal truce with co‑founders
On December 5, 2025, Simply Wall St highlighted a key governance development: Trump Media has reached an amicable settlement with United Atlantic Ventures, resolving outstanding legal disputes with Truth Social co‑founders Andy Litinsky and Wes Moss. [6]
According to that analysis:
- The settlement removes a long‑running governance dispute, giving clearer visibility on who actually controls the company.
- It reduces some governance risk, but does not change the core fundamentals: minimal revenue, large losses, and heavy dependence on brand and politics. [7]
For investors, this is best read as:
Good for corporate clarity; neutral to negative for the underlying business story unless growth and monetization actually improve.
Q3 2025 earnings: tiny revenue, big loss, big legal bill
Trump Media reported its third‑quarter 2025 results on November 7, and they were rough. Reuters and other outlets report that: [8]
- Revenue: about $972,900 for Q3 (down ~3.8% year‑on‑year).
- Net loss: about $54.8 million, nearly triple the loss from the same quarter a year earlier.
- Legal expenses: roughly $20.3 million in the quarter alone.
- The company has never reported a profit, and revenue is still under $1 million per quarter.
A more crypto‑focused analysis from CoinCentral emphasizes that, despite the loss, Trump Media: [9]
- Generated positive operating cash flow of about $10.1 million in Q3.
- Reported roughly $3.1 billion in financial assets, heavily influenced by digital asset holdings.
- Recognized around $61 million in income from Bitcoin and Cronos (CRO) investments, which helped offset operating losses on paper.
The tension here is stark:
The operating business is tiny and deeply loss‑making, while the balance sheet is dominated by speculative crypto and capital‑markets maneuvers.
Bitcoin, CRO and the “treasury‑as‑crypto‑bet” model
Several deep‑dive pieces now treat DJT almost as a hybrid of media startup, meme stock and crypto treasury vehicle:
- A September deep dive from PredictStreet notes that by mid‑2025, Trump Media had built a Bitcoin “treasury” of roughly $2 billion, funded by a large private placement, helping grow total financial assets to about $3.1 billion. [10]
- The same report highlights an extreme price‑to‑sales ratio (over 1,000x) and persistent heavy losses, framing DJT as a high‑risk, speculative equity whose valuation is driven far more by politics and sentiment than revenue. [11]
More recently, an insider‑trading note from Investing.com recaps a major new CRO‑focused venture: [12]
- Trump Media, Yorkville and Crypto.com agreed to create Trump Media Group CRO Strategy, Inc., a digital‑asset treasury company aimed at accumulating Cronos’ native token, CRO.
- The funding plan includes $1 billion in CRO tokens, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit from a Yorkville affiliate.
This is not a normal media‑company capital structure. DJT is now deeply exposed to crypto‑asset prices, especially Bitcoin and CRO, and its equity will inevitably track those markets as much as – or more than – Truth Social’s user growth.
Prediction markets, ETFs and the product sprawl
On the product side, Trump Media has been aggressively widening its “Patriot economy” ecosystem:
- Prediction markets: Truth Social recently launched a prediction‑markets feature. QuiverQuant’s discussion tracker shows social‑media buzz around the launch, with bulls touting higher engagement and bears warning that more volatility and legal complexity are almost guaranteed. [13]
- Truth+ streaming & Truth.Fi fintech: A September strategic overview describes Truth Social as just one leg of a three‑part strategy alongside the Truth+ streaming service and Truth.Fi, an “America First” financial brand. [14]
- “America First” ETFs: Trump Media has filed for multiple equity ETFs themed around “America First” sectors, and recent filings expanded that lineup under the “Truth Social Funds” umbrella. [15]
The result is a complex, politically branded mini‑conglomerate: social network, streaming platform, fintech project, ETF sponsor and crypto treasury – all tied to one highly polarizing brand.
Regulatory and index‑inclusion pressure
DJT’s presence in major stock indexes is now being challenged directly by state officials.
In October, Vermont state treasurer Mike Pieciak, along with several other northeastern state fiscal leaders, sent a letter to FTSE Russell, questioning why Trump Media remains in the Russell 3000 Index given its extreme volatility and minimal revenue. [16]
The letter argues that:
- DJT has lost more than half its value since its market debut.
- Revenue remains “negligible”, making DJT an outlier within a broad‑market benchmark.
- Index inclusion effectively forces many passive investors to hold DJT without realizing it, via index funds.
This kind of pressure doesn’t immediately move the stock, but it adds another layer of governance and reputational risk: if a major index provider ever removed DJT, it could trigger forced selling by index funds.
Insider selling and the Trump trust overhang
Insider behavior has also been a recurring concern:
- QuiverQuant counts 15 insider sales and zero insider buys in the last six months, including transactions by CEO Devin Nunes, CFO Phillip Juhan, CTO Vladimir Novachki and director Eric Swider. [17]
- An Investing.com note highlights Swider’s sale of 5,200 shares at about $10.59 on November 17, leaving him with 18,841 shares (some as restricted stock units). [18]
Earlier in 2025, Business Insider reported that a filing would allow the Donald J. Trump Revocable Trust (which holds the former president’s DJT stake) to register roughly 115 million shares for potential sale, equal to more than $2 billion in stock at the time and over half the company’s market cap. [19]
Even without any actual sale, that filing created an overhang:
investors know a very large block can legally come to market, which can cap enthusiasm on rallies.
Fundamentals: tiny media business, huge financial assets, big losses
Pulling 2024–2025 numbers together paints a very unusual profile:
- Revenue: roughly $3.6–3.7 million for full‑year 2024, and under $1 million per quarter in 2025 so far. [20]
- Net income: a 2024 loss of about $400.9 million and continuing heavy losses in 2025, with Q3 alone at –$54.8 million. [21]
- Financial assets: around $3.1 billion in financial assets by mid‑to‑late 2025, driven by private placements and Bitcoin purchases. [22]
- Liabilities and leverage: Q2 2025 total liabilities around $965 million and debt near $944 million, but still more cash and financial assets than total debt, according to PredictStreet’s breakdown. [23]
This leaves DJT in a strange category:
- On one hand, cash and crypto reserves are huge relative to the revenue base.
- On the other, the operating business is very small, unprofitable, and still searching for product‑market fit and monetization.
Valuation metrics reflect that disconnect. PredictStreet estimated a price‑to‑sales ratio above 1,000x and a price‑to‑book multiple above the industry average, concluding that DJT looks expensive even after a steep share‑price decline. [24]
Analyst and algorithmic forecasts: mostly bearish
Across human analysts and algorithmic models, the dominant theme is caution or outright bearishness.
Wall Street & rating services
- MarketBeat reports that DJT recently set a new 52‑week low at $12.51 in mid‑November, and that the stock carries a consensus rating of “Sell”, including a “sell (e+)” rating from Weiss Ratings. [25]
- That same report cites extremely negative profit margins (around –3,920% net margin), negative return on equity, and insider ownership near 53%. [26]
Several opinion pieces – from outlets like Forbes, Barron’s, and The Motley Fool – have likewise framed DJT as:
- Down roughly 70% in 2025 and
- A stock that many investors may want to avoid until at least 2026, unless they are explicitly speculating on political or crypto narratives. [27]
(Those articles are commentary, not neutral research, but they do reflect the tone of mainstream coverage.)
Short‑term technicals: still a “sell candidate”
Technical and quant sites updated on December 6 deliver a consistent message:
- StockInvest.us:
- Classifies DJT as a “Sell candidate” after a downgrade from Hold.
- Sees the stock in a falling short‑term trend, expecting a potential 3‑month decline of about 38%, with a 90% projected range of $5.57–$8.01.
- Notes support around $11.07 and resistance near $12.03, labeling the stock “high risk” due to daily volatility over 4%. [28]
- CoinCodex (AI/quant forecast, updated December 6):
- Short‑term forecast is almost flat, with DJT expected to hover around $11.27–$11.36 over the next week.
- 1‑year forecast: about $4.21, implying a roughly 63% decline from current levels.
- 2030 forecast: around $0.73, implying a potential drop of over 90% if its model proves accurate.
- Technical sentiment is strongly negative: roughly 91% of tracked indicators are bearish. [29]
- TradingView:
- Its technical‑ratings dashboard currently shows DJT as a “sell”, with moving‑average based indicators collectively signaling “strong sell” on the daily timeframe and a prevailing sell trend on the weekly and monthly timeframes. [30]
These are model‑driven opinions, not guarantees, but they underline how the broader technical community currently views DJT:
A weak chart in a downtrend, with limited evidence of a durable bottom so far.
Volatility, politics and meme‑stock dynamics
Futurism and other outlets have repeatedly described DJT as a politically charged meme stock: [31]
- The stock tends to move on political headlines and Donald Trump’s public actions as much as on financial fundamentals.
- When enthusiasm runs hot (such as during the 2024 SPAC merger or key moments of the 2024 election cycle), DJT can spike dramatically.
- When sentiment turns, the stock has shown a tendency to crash back toward, or below, levels typical for struggling SPAC remnants.
Crypto adds another volatility layer:
- Trump Media holds large Bitcoin positions and is now building a CRO‑heavy digital‑asset treasury, so crypto drawdowns feed directly into DJT’s asset values. [32]
- Recent crypto pullbacks have amplified pressure on DJT, with some reports pointing to billions in market‑value swings tied to Bitcoin’s price. [33]
In practice, DJT trades more like a leveraged sentiment instrument – tied to:
- Trump’s political fortunes
- Crypto cycles
- Social‑media enthusiasm or fatigue
than like a traditional advertising‑based media company.
Key risks investors are watching
Based on the latest analyses up to December 6, 2025, the most commonly cited DJT risk factors include: [34]
- Fundamental disconnect
Revenue is tiny relative to market cap and financial assets. The core business has not yet demonstrated a clear path to sustainable profitability. - Crypto concentration
Large Bitcoin and CRO holdings introduce substantial market and regulatory risk. A prolonged crypto downturn could erode much of DJT’s asset‑based support. - Key‑person and political risk
The brand and user base are tightly bound to Donald Trump. Political or legal developments affecting him can quickly bleed into the stock. - Governance and insider control
Heavy insider ownership, high executive pay despite losses, and a history of legal disputes and lockup overhangs keep governance questions front‑and‑center. - Index‑inclusion controversy
Pressure on FTSE Russell to justify DJT’s place in the Russell 3000 introduces the possibility – however remote – of forced selling if it were ever removed. - High volatility and meme‑stock behavior
The price reacts sharply to sentiment shifts, making timing extremely difficult and risk‑management crucial.
Potential upside catalysts for DJT stock
Despite the overwhelmingly cautious tone of most analysis, bulls and contrarian traders point to several potential upside drivers:
- User‑growth surprise at Truth Social
If the platform shows sustained growth in daily active users and advertiser demand, it could support a more conventional media valuation. - Successful prediction‑market and ETF launches
Strong uptake of Truth Social’s prediction markets or “America First” ETFs could open new fee‑based and trading‑related revenue streams. - Crypto bull market
Another major upswing in Bitcoin or CRO prices would inflate the value of DJT’s digital‑asset treasury, potentially improving the balance sheet and sentiment. - Governance clean‑up and transparency
Further steps in the vein of the co‑founder settlement – such as clearer disclosures on user metrics, monetization, and capital allocation – could reduce the “governance discount.”
Every one of these is speculative; none is guaranteed. But they explain why some investors are still willing to trade or hold DJT despite the bleak traditional metrics.
What to watch after December 6, 2025
For anyone tracking DJT from here, the most relevant near‑term signposts are:
- Next earnings release and any updated user metrics for Truth Social, Truth+ and Truth.Fi.
- Bitcoin and CRO price trends, given DJT’s treasury‑style exposure.
- Further SEC or index‑provider actions, particularly any response to state‑treasurer pressure on DJT’s benchmark inclusion.
- New filings from the Trump trust or other insiders that could signal additional potential share supply.
- Changes in technical models, especially if DJT manages to break convincingly above resistance in the mid‑teens or, conversely, falls into the single digits.
For now, as of December 6, 2025, the consensus across most models and commentaries is that DJT remains a highly speculative, high‑volatility stock with bearish technicals and a business model still overshadowed by its crypto bets and political brand.
References
1. stockanalysis.com, 2. simplywall.st, 3. stockanalysis.com, 4. markets.businessinsider.com, 5. futurism.com, 6. simplywall.st, 7. simplywall.st, 8. www.reuters.com, 9. coincentral.com, 10. markets.financialcontent.com, 11. markets.financialcontent.com, 12. www.investing.com, 13. www.quiverquant.com, 14. markets.financialcontent.com, 15. www.investing.com, 16. vtdigger.org, 17. www.quiverquant.com, 18. www.investing.com, 19. www.businessinsider.com, 20. markets.businessinsider.com, 21. www.reuters.com, 22. coincentral.com, 23. markets.financialcontent.com, 24. markets.financialcontent.com, 25. www.marketbeat.com, 26. www.marketbeat.com, 27. www.forbes.com, 28. stockinvest.us, 29. coincodex.com, 30. www.tradingview.com, 31. futurism.com, 32. coincentral.com, 33. futurism.com, 34. www.marketbeat.com
