Safety Shot (NASDAQ:SHOT) Stock Price Up 9.7% – Should You Buy?

Shares of Safety Shot, Inc. (NASDAQ:SHOT) traded up 9.7% during trading on Monday . The stock traded as high as $0.33 and last traded at $0.33. 1,469,861 shares traded hands during trading, an increase of 4% from the average session volume of 1,415,579 shares. The stock had previously closed at $0.30.

Safety Shot Trading Up 9.7%

The business’s fifty day moving average is $0.37 and its 200 day moving average is $0.47.

Safety Shot (NASDAQ:SHOT) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.08) EPS for the quarter. Safety Shot had a negative net margin of 3,696.97% and a negative return on equity of 1,502.87%. The firm had revenue of $0.04 million during the quarter.

Institutional Investors Weigh In On Safety Shot

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in Safety Shot in the 1st quarter valued at $59,000. Jane Street Group LLC lifted its position in shares of Safety Shot by 397.7% during the 4th quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock worth $74,000 after buying an additional 81,720 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 buying an additional 57,876 shares in the last quarter. Virtu Financial LLC acquired a new stake in Safety Shot in the fourth quarter valued at about $33,000. Finally, Steward Partners Investment Advisory LLC grew its position in 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 last quarter. Institutional investors and hedge funds own 12.55% of the company’s stock.

About Safety Shot

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.