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One NASDAQ-Listed Communication Services Company Under Radar: DJT

Oct 03, 2025 | Team Kalkine
One NASDAQ-Listed Communication Services Company Under Radar: DJT
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  • DJT:NASDAQ
  • Investment Type
    Mid - Cap
  • Risk Level
  • Action
  • Rec. Price (US$)

Trump Media & Technology Group Corp

Trump Media & Technology Group Corp (NASDAQ: DJT) is a technology and social media company. Its flagship product, Truth Social, is a digital platform that enables users to share content, connect with others, and participate in open, global discussions.

Key Business Updates

  • Strong Balance Sheet Expansion: Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) closed the second quarter of 2025 with financial assets of approximately USD 3.1 billion, reflecting a year-on-year increase of nearly 800 percent. The Company attributed this expansion to its disciplined cost structure, limited cash burn, and strategic capital raising activities. Management emphasized that this robust liquidity position will allow Trump Media to pursue growth initiatives across its social media, streaming, and financial services platforms, as well as explore potential mergers and acquisitions.
  • Bitcoin Treasury Strategy: A significant driver of balance sheet growth was the Company’s Bitcoin treasury strategy, supported by nearly USD 2.4 billion raised through a private placement offering backed by approximately 50 institutional investors. By July 2025, Trump Media had accumulated nearly USD 2 billion in Bitcoin and Bitcoin-related securities, establishing one of the largest Bitcoin holdings among public companies. This treasury not only provides indirect exposure to cryptocurrency for shareholders but also creates additional investment income, enhances financial security against external risks, and reinforces the Company’s expansion capacity.
  • Positive Operating Cash Flow: For the first time since going public, Trump Media reported positive operating cash flow, totaling USD 2.3 million during the second quarter. This milestone marks an important shift in the Company’s financial performance, reflecting improved monetization across its platforms while maintaining a relatively lean cost structure. Management underscored that this achievement demonstrates the scalability of its business model as it continues to expand globally.
  • Platform Expansion and Subscriber Growth: Operationally, the Company advanced its content and subscription offerings through the Truth+ streaming platform. The Patriot Package, currently in Beta testing, is expected to deepen synergies between Truth Social and Truth+, with features such as automatic verification, an edit function, scheduled posts, and enhanced video uploads. During the quarter, Truth+ also achieved a global rollout, expanding accessibility to most countries worldwide. These initiatives are designed to strengthen user engagement and establish recurring revenue streams.
  • Innovation and Tokenized Rewards System: Trump Media is progressing toward the introduction of a broader digital ecosystem through a rewards-based subscription model and utility token. The planned Truth digital wallet will initially support Truth+ subscription payments and, over time, extend into additional products and services within the platform’s ecosystem. Complementing this initiative, the Company is also integrating artificial intelligence features into its social media platform, reinforcing its competitive positioning and user experience.
  • ETF Initiatives and Legal Costs Impact: In parallel with platform growth, Trump Media continued to advance its financial services ambitions by filing for multiple Exchange Traded Funds (ETFs), including the Truth Social Crypto Blue Chip ETF, Bitcoin and Ethereum ETF, and Bitcoin ETF. Despite these advancements, the Company reported a net loss of USD 20 million for the quarter, driven primarily by USD 20.5 million in non-cash expenses such as stock-based compensation, depreciation, amortization, and interest costs, alongside USD 15 million in legal expenses related to its 2024 SPAC merger. Management stated that a favorable resolution of these legal matters could have a significant positive effect on future results.

Technical Observation (on the daily chart):

DJT has been consolidating between USD 15–USD 20 after a sharp decline from last year’s highs above USD 60. The stock now trades just above its 20- and 50-day moving averages, both flat, signaling indecision. RSI around 60 suggests modest buying interest but not overbought conditions, while low volume points to weak participation.

As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘Speculative Buy’ rating has been given to Trump Media & Technology Group Corp (NASDAQ: DJT) at the current market price of USD 17.41 as of Oct 03,2025 at 8:15 am PDT. 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is October 03,2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.


Disclaimer-

Disclaimer This report has been issued by Kalkine New Zealand Limited (FSP691351) (NZBN:9429047678101) (“Kalkine”). Kalkine is a Financial Advice Provider (“FAP”) and is authorised by a Class 1 Financial Advice Provider Licence issued by Financial Markets Authority (“FMA”) to provide financial advice. Kalkine provides only general financial advice through its research reports following a person becoming a member. The reports contain buy/sell/hold and other recommendations in relation to equity securities, managed funds and other managed investment schemes and other financial advice products. The recommendations and opinions in this report and on Kalkine website do not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. If you act on the advice in the research reports, you may have to pay fees, expenses or other amounts (but not to Kalkine). Further information about the complaints and dispute resolution process, as well as information about Kalkine’s duties are available on Kalkine’s website. Please read our Financial Advice Provider (FAP) disclosure statement and Complaints Handling Guide, which are available on the website.

Past performance is not a reliable indicator of future performance.