Safety Shot (NASDAQ:SHOT) Shares Down 3.6% – Should You Sell?

Safety Shot, Inc. (NASDAQ:SHOT) dropped 3.6% during mid-day trading on Wednesday . The stock traded as low as $1.05 and last traded at $1.08. Approximately 436,985 shares traded hands during trading, a decline of 62% from the average daily volume of 1,140,414 shares. The stock had previously closed at $1.12.

Safety Shot Price Performance

The business’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.20.

Safety Shot (NASDAQ:SHOT) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.71 million during the quarter. Safety Shot had a negative net margin of 2,494.21% and a negative return on equity of 542.31%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Safety Shot stock. Diversify Advisory Services LLC purchased a new stake in shares of Safety Shot, Inc. (NASDAQ:SHOT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,280 shares of the company’s stock, valued at approximately $36,000. 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.