Safety Shot (NASDAQ:SHOT) Trading Up 9.5% – Still a Buy?

Safety Shot, Inc. (NASDAQ:SHOT)’s share price was up 9.5% during mid-day trading on Monday . The company traded as high as $0.42 and last traded at $0.41. Approximately 2,757,971 shares were traded during trading, an increase of 204% from the average daily volume of 907,430 shares. The stock had previously closed at $0.37.

Safety Shot Trading Up 9.5%

The business has a 50-day simple moving average of $0.44 and a 200-day simple moving average of $0.58.

Safety Shot (NASDAQ:SHOT) last announced its earnings results on Thursday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $0.04 million for the quarter. Safety Shot had a negative return on equity of 606.06% and a negative net margin of 3,696.97%.

Institutional Investors Weigh In On Safety Shot

A number of large investors have recently added to or reduced their stakes in SHOT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Safety Shot during the fourth quarter worth approximately $74,000. Steward Partners Investment Advisory LLC boosted its position in shares of Safety Shot by 20.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 180,294 shares of the company’s stock valued at $130,000 after acquiring an additional 30,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Safety Shot in the fourth quarter valued at approximately $33,000. Geode Capital Management LLC boosted its position in shares of Safety Shot by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 491,743 shares of the company’s stock valued at $354,000 after acquiring an additional 57,876 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Safety Shot by 397.7% in the fourth quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock valued at $74,000 after acquiring an additional 81,720 shares during the period. Institutional investors own 12.55% of the company’s stock.

Safety Shot Company Profile

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.