Grabagun Digital (NYSE:PEW) Stock Price Up 5.7% – Should You Buy?

Grabagun Digital Holdings Inc. (NYSE:PEW) shot up 5.7% during trading on Thursday . The company traded as high as $2.72 and last traded at $2.7050. 415,453 shares were traded during trading, a decline of 18% from the average session volume of 504,910 shares. The stock had previously closed at $2.56.

Analyst Ratings Changes

A number of research firms have commented on PEW. Weiss Ratings began coverage on shares of Grabagun Digital in a research note on Monday, March 16th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded shares of Grabagun Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Grabagun Digital Price Performance

The firm has a market capitalization of $79.53 million, a P/E ratio of -15.91 and a beta of -0.11. The firm has a fifty day simple moving average of $2.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.91 and a quick ratio of 6.37.

Grabagun Digital (NYSE:PEW) last issued its earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $25.93 million for the quarter. On average, sell-side analysts predict that Grabagun Digital Holdings Inc. will post -0.25 EPS for the current year.

Institutional Trading of Grabagun Digital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in shares of Grabagun Digital in the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grabagun Digital in the 4th quarter worth about $43,000. United Asset Strategies Inc. acquired a new stake in shares of Grabagun Digital in the 1st quarter worth about $47,000. XTX Topco Ltd increased its holdings 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 acquiring an additional 41,335 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Grabagun Digital in the 1st quarter worth about $135,000. 4.80% of the stock is owned by institutional investors and hedge funds.

About Grabagun Digital

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.