Safety Shot (NASDAQ:SHOT) Stock Price Down 51% - Should You Sell?

Key Points

• Safety Shot, Inc. shares plummeted by 51% on Monday, trading as low as $0.51 and closing at $0.56, significantly below the previous close of $1.14.
• The company reported a loss of ($0.08) EPS with revenues of $0.04 million for the last quarter, indicating financial challenges.
• Institutional investors have varied their positions, with Tyche Wealth Partners increasing their stake by 142.9% during the second quarter, now owning 85,000 shares valued at $28,000.

Safety Shot, Inc. (NASDAQ:SHOT - Get Free Report)'s stock price was down 51% during mid-day trading on Monday . The company traded as low as $0.51 and last traded at $0.56. Approximately 33,410,822 shares were traded during mid-day trading, an increase of 315% from the average daily volume of 8,054,165 shares. The stock had previously closed at $1.14.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Safety Shot from a "sell" rating to a "hold" rating in a research note on Saturday.

Safety Shot Stock Up 5.9%

The business's 50 day moving average is $0.53 and its 200-day moving average is $0.48.

Safety Shot (NASDAQ:SHOT - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.45 million for the quarter.

Institutional Trading of Safety Shot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tyche Wealth Partners LLC increased its stake in Safety Shot by 142.9% during the second quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company's stock valued at $28,000 after acquiring an additional 50,000 shares during the period. XTX Topco Ltd acquired a new position in Safety Shot in the 1st quarter valued at approximately $59,000. Jane Street Group LLC raised its holdings in Safety Shot by 397.7% in the 4th 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Safety Shot by 13.3% in the 4th 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 in the last quarter. 12.55% of the stock is currently owned by institutional investors and hedge funds.

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.