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PSQ (NYSE:PSQH) Shares Up 1.3% - Still a Buy?

PSQ logo with Retail/Wholesale background

Key Points

  • PSQ Holdings, Inc. (NYSE:PSQH) saw its stock price increase 1.3% to $1.95, despite trading volume declining by 47% compared to its average.
  • Wall Street analysts have mixed opinions on the stock, with two analysts rating it as a Buy, while a downgrade to a Sell rating was issued by Wall Street Zen.
  • The company's most recent quarterly earnings showed a loss of ($0.18) per share, which was better than analyst expectations, but revenues of $7.08 million fell short of estimates of $9.11 million.
  • Interested in PSQ? Here are five stocks we like better.

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report)'s stock price rose 1.3% during trading on Friday . The stock traded as high as $2.04 and last traded at $1.95. Approximately 1,017,607 shares were traded during trading, a decline of 47% from the average daily volume of 1,923,443 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PSQH shares. Wall Street Zen downgraded shares of PSQ from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Weiss Ratings reissued a "sell (e+)" rating on shares of PSQ in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $6.00.

View Our Latest Stock Analysis on PSQ

PSQ Price Performance

The company has a current ratio of 2.97, a quick ratio of 2.73 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $89.30 million and a price-to-earnings ratio of -1.44. The company's 50 day moving average is $1.92 and its 200-day moving average is $2.06.

PSQ (NYSE:PSQH - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.09. PSQ had a negative return on equity of 224.55% and a negative net margin of 169.29%.The firm had revenue of $7.08 million for the quarter, compared to the consensus estimate of $9.11 million. Equities research analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Hedge Funds Weigh In On PSQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sepio Capital LP acquired a new position in shares of PSQ in the second quarter valued at approximately $2,468,000. Marshall Wace LLP boosted its stake in PSQ by 1,727.8% in the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company's stock valued at $1,784,000 after purchasing an additional 822,544 shares during the period. Belpointe Asset Management LLC acquired a new position in PSQ in the 1st quarter valued at $1,842,000. Spire Wealth Management increased its position in PSQ by 68.0% during the 1st quarter. Spire Wealth Management now owns 396,751 shares of the company's stock worth $909,000 after buying an additional 160,601 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of PSQ during the first quarter worth $341,000. 17.32% of the stock is owned by institutional investors.

PSQ Company Profile

(Get Free Report)

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.

See Also

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