HOPE Aktie
WKN DE: A2APUA / ISIN: JP3837640006
02.07.2024 14:00:00
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Is There Any Hope Left for Trump Media Stock?
Trump Media (NASDAQ: DJT) has burned a lot of investors since it went public by merging with a special purpose acquisition (SPAC) company on March 26. Its stock opened at $70.90 on the first day, but it now trades at about $33.Trump Media plunged because it was an overvalued meme stock. Even after its three-month decline, the social media company still has a market cap of about $5.9 billion -- which is more than 1,400 times the revenue it generated in 2023. Most investors would probably balk at buying shares of a company sporting such a sky-high valuation, but is there any hope for this controversial and volatile stock?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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HOPE INC. | 209,00 | 1,95% |
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