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Safety Shot (NASDAQ:SHOT) Trading Up 3.3% - Still a Buy?

Safety Shot logo with Medical background

Safety Shot, Inc. (NASDAQ:SHOT - Get Free Report)'s share price shot up 3.3% during mid-day trading on Tuesday . The stock traded as high as $0.95 and last traded at $0.94. 467,191 shares traded hands during trading, a decline of 58% from the average session volume of 1,105,205 shares. The stock had previously closed at $0.91.

Safety Shot Price Performance

The stock has a 50 day moving average of $1.06 and a 200 day moving average of $1.06.

Hedge Funds Weigh In On Safety Shot

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Safety Shot in the second quarter worth $84,000. Tyler Stone Wealth Management boosted its holdings in Safety Shot by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 34,200 shares of the company's stock worth $42,000 after acquiring an additional 17,100 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Safety Shot in the third quarter worth $27,000. Total Investment Management Inc. bought a new stake in Safety Shot in the third quarter worth $49,000. Finally, Geode Capital Management LLC boosted its holdings in Safety Shot by 9.7% in the third quarter. Geode Capital Management LLC now owns 433,867 shares of the company's stock worth $529,000 after acquiring an additional 38,258 shares in the last quarter. 12.55% of the stock is owned by hedge funds and other institutional investors.

About Safety Shot

(Get Free Report)

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women's sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.

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Should you invest $1,000 in Safety Shot right now?

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