Grabagun Digital (NYSE:PEW) Stock Price Up 5.7% – Here’s What Happened

Grabagun Digital Holdings Inc. (NYSE:PEW)’s share price rose 5.7% during mid-day trading on Thursday . The company traded as high as $2.72 and last traded at $2.7050. Approximately 415,453 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 504,910 shares. The stock had previously closed at $2.56.

Wall Street Analysts Forecast Growth

PEW has been the topic of a number of recent analyst reports. Weiss Ratings initiated coverage on shares of Grabagun Digital in a research note on Monday, March 16th. They issued 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Grabagun Digital Trading Down 2.7%

The firm has a market cap of $77.20 million, a PE ratio of -15.45 and a beta of -0.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.91 and a quick ratio of 6.37. The business’s 50-day moving average is $2.89.

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

Hedge Funds Weigh In On Grabagun Digital

A number of institutional investors have recently bought and sold shares of PEW. Engineers Gate Manager LP purchased a new position in Grabagun Digital in the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grabagun Digital during the fourth quarter valued at $43,000. United Asset Strategies Inc. purchased a new position in shares of Grabagun Digital during the 1st quarter valued at $47,000. Renaissance Technologies LLC purchased a new position in shares of Grabagun Digital during the 1st quarter valued at $135,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Grabagun Digital during the 4th quarter valued at $150,000. Hedge funds and other institutional investors own 4.80% of the company’s stock.

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.