Safety Shot Inc (SHOT): Choosing The Technical Investor Route

Safety Shot Inc (NASDAQ:SHOT) does about 992.40K shares in volume on a normal day but saw 701794 shares change hands in the recent trading day. The company now has a market cap of 73.35M USD. Its current market price is $1.41, marking an increase of 1.44% compared to the previous close of $1.39. The 52 week high reached by this stock is $7.50 whilst the lowest price level in 52 weeks is $0.55.

Safety Shot Inc (SHOT) has a 20-day trading average at $1.0404 and the current price is -81.20% off the 52-week high compared with 156.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9432 and its 200-day simple moving average is $1.9600. If we look at the stock’s price movements over the week, volatility stands at 10.82%, which increases to 12.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.27 to suggest the stock is overbought.

The consensus objective for the share price is $2.76, suggesting that the stock has a potential upside of 48.91% over the period.

The current price level is 40.14%, 50.64%, and -28.57% away from its SMA20, SMA50, and SMA200 respectively, with the SHOT price moving below the 50-day SMA on current market day. Safety Shot Inc (SHOT) stock is up 14.63% over the week and 104.79% over the past month. Its price is -59.83% year-to-date and -7.84% over the past year.

To reach the target analysts have set, the stock logically needs to grow 48.91 percent from here.

Outstanding shares total 45.63M with insiders holding 30.52% of the shares and institutional holders owning 9.92% of the company’s common stock. The company has a return on investment of -510.21% and return on equity of -608.07%. The beta has a value of 1.70. Price to book ratio is 11.34 and price to sales ratio is 71.21.