Safety Shot (NASDAQ:SHOT) Upgraded to "Hold" at Wall Street Zen

Key Points

• Safety Shot has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a potential shift in investor sentiment.
• Shares of Safety Shot (NASDAQ:SHOT) increased by 5.9% on the news, with the stock currently priced at $0.65.
• Institutional investors have shown increased interest, with notable position raises by firms such as Tyche Wealth Partners LLC and Jane Street Group LLC, indicating growing confidence in the company's prospects.

Wall Street Zen upgraded shares of Safety Shot (NASDAQ:SHOT - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Safety Shot Stock Performance

Shares of SHOT stock traded down $0.0834 during trading on Friday, hitting $0.5230. 4,508,732 shares of the company were exchanged, compared to its average volume of 3,702,459. Safety Shot has a twelve month low of $0.23 and a twelve month high of $1.77. The business's 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.48.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Safety Shot by 13.3% during 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 during the period. Jane Street Group LLC boosted its stake in 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 in the last quarter. XTX Topco Ltd purchased a new position in shares of Safety Shot during the first quarter worth $59,000. Finally, Tyche Wealth Partners LLC increased its stake in shares of Safety Shot by 142.9% during the second quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company's stock worth $28,000 after purchasing an additional 50,000 shares in the last quarter. 12.55% of the stock is owned by institutional investors.

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.