Should Investors Trust The Upside Potential In Safety Shot Inc (SHOT)?

Safety Shot Inc (NASDAQ:SHOT) currently has a daily average trading volume of 1.30M but it saw 1173311 shares traded in last market. With a market cap of 68.42M USD, the company’s current market price of $1.39 came falling about -9.15 while comparing to the previous closing price of $1.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.50 and as low as $0.26.

Taking a look at 20-day trading activity of Safety Shot Inc (SHOT) gives us an average price of $1.9147, while its current price level is -81.47% below from 52-week high level whereas it is 444.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.1473 while that of 200 days or SMA-200 reads an average of $2.1463. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.03% during that period while stretching the period over a month that increases to 10.01%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.07 which implies that the stock is in oversold territory.

Over the week, SHOT’s stock price is moving -15.76% down while it is -35.05% when we observe its performance for the past one month. Year-to-date it is -60.40% down and over the past year, the stock is showing an upside performance of 260.92%.

Currently, Safety Shot Inc’s total number of outstanding shares is 45.63M. Company’s return on investment (ROI) stands at -165.35% and return on equity (ROE) at -234.28%. Stock’s beta reads 1.88. Stock has a price to book (P/B) ratio of 7.19 while price to sale or P/S ratio amounts to 18.85. Its return on asset (ROA) is -136.66% on average.