Grabagun Digital (NYSE:PEW) Trading Up 9.2% – Still a Buy?

Grabagun Digital Holdings Inc. (NYSE:PEW)’s share price was up 9.2% on Monday . The company traded as high as $2.56 and last traded at $2.5440. Approximately 426,593 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,134,278 shares. The stock had previously closed at $2.33.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PEW. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grabagun Digital in a research note on Thursday, June 11th. Wall Street Zen raised Grabagun Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Grabagun Digital Stock Down 1.8%

The company has a current ratio of 6.91, a quick ratio of 6.37 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $73.06 million, a PE ratio of -14.62 and a beta of -0.01. The firm’s 50 day moving average is $2.57.

Grabagun Digital (NYSE:PEW) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $25.93 million during the quarter. As a group, equities research analysts forecast that Grabagun Digital Holdings Inc. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of Grabagun Digital in the 4th quarter valued at about $279,000. XTX Topco Ltd lifted its position in shares of Grabagun Digital by 195.7% in the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after purchasing an additional 41,335 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of Grabagun Digital during the fourth quarter valued at approximately $150,000. Renaissance Technologies LLC bought a new position in shares of Grabagun Digital during the first quarter valued at approximately $135,000. Finally, United Asset Strategies Inc. purchased a new position in Grabagun Digital during the first quarter valued at approximately $47,000. 4.80% of the stock is currently owned by institutional investors.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.