Safety Shot Inc (SHOT) stock hits $1.06: Is it a good time to buy or wait for a dip?

Safety Shot Inc [SHOT] stock prices are up 4.95% to $1.06 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SHOT shares have lost -0.93% over the last week, with a monthly amount drifted -4.50%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

The stock price of Safety Shot Inc [SHOT] has been fluctuating between $0.28 and $7.50 over the past year. Safety Shot Inc [NASDAQ: SHOT] shares were valued at $1.06 at the most recent close of the market.

Analyzing the SHOT fundamentals

The Safety Shot Inc [NASDAQ:SHOT] reported sales of 2.68M for trailing twelve months, representing a drop of -84.78%. Gross Profit Margin for this corporation currently stands at -0.6% with Operating Profit Margin at -8.95%, Pretax Profit Margin comes in at -9.34%, and Net Profit Margin reading is -9.34%. To continue investigating profitability, this company’s Return on Assets is posted at -3.2, Equity is -4.4 and Total Capital is -4.85. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9733 points at the first support level, and at 0.8867 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1733, and for the 2nd resistance point, it is at 1.2867.

Ratios To Look Out For

It’s worth pointing out that Safety Shot Inc [NASDAQ:SHOT]’s Current Ratio is 1.28. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 20.48, the price to book ratio is 9.37.

Transactions by insiders

Recent insider trading involved Safety Shot, Inc., 10% Owner, that happened on Jun 07 ’24 when 20000.0 shares were sold. Director, Gulyas John completed a deal on Dec 28 ’23 to buy 2500.0 shares. Meanwhile, Director Gulyas John bought 2500.0 shares on Dec 28 ’23.

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