Bonk (NASDAQ:BNKK) Downgraded to Sell Rating by Wall Street Zen

Bonk (NASDAQ:BNKK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Separately, Weiss Ratings lowered shares of Bonk from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Bonk Stock Performance

Shares of NASDAQ BNKK opened at $1.62 on Friday. The company has a 50 day simple moving average of $2.15 and a two-hundred day simple moving average of $3.11. The stock has a market cap of $12.96 million, a price-to-earnings ratio of -0.35 and a beta of 1.85. Bonk has a 12 month low of $1.25 and a 12 month high of $46.90.

Bonk (NASDAQ:BNKK) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.23) earnings per share for the quarter. Bonk had a negative return on equity of 148.62% and a negative net margin of 838.37%.The business had revenue of $0.79 million during the quarter.

Insider Buying and Selling

In other Bonk news, Director Mitchell Austin Rudy acquired 31,055 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were bought at an average cost of $2.82 per share, with a total value of $87,575.10. Following the completion of the acquisition, the director owned 44,198 shares in the company, valued at approximately $124,638.36. This trade represents a 236.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 51.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. State Street Corp acquired a new stake in Bonk in the 4th quarter valued at $33,000. Steward Partners Investment Advisory LLC purchased a new stake in Bonk in the 4th quarter worth $37,000. Jane Street Group LLC purchased a new stake in Bonk in the 4th quarter worth $96,000. Finally, Geode Capital Management LLC acquired a new position in Bonk during the fourth quarter worth $128,000. 12.55% of the stock is owned by institutional investors and hedge funds.

Bonk Company Profile

Safety Shot, Inc, a wellness and functional beverage company, engages in the research and development of over-the-counter products and intellectual property. Its products pipeline includes Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; NoStingz, a jellyfish sting prevention sunscreen; and JW-110 for the treatment of atopic dermatitis/eczema. The company primarily sell its products through third-party physical retail stores and partners. The company was formerly known as Jupiter Wellness, Inc and changed its name to Safety Shot, Inc in September 2023.