Grabagun Digital (NYSE:PEW) Trading 2.4% Higher – Here’s Why

Grabagun Digital Holdings Inc. (NYSE:PEW) traded up 2.4% during trading on Friday . The company traded as high as $2.36 and last traded at $2.3440. Approximately 371,518 shares were traded during trading, a decline of 5% from the average daily volume of 389,574 shares. The stock had previously closed at $2.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Grabagun Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d)” rating on shares of Grabagun Digital in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Grabagun Digital currently has a consensus rating of “Sell”.

Grabagun Digital Stock Up 2.4%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.37 and a current ratio of 6.91. The company has a 50 day moving average price of $2.75. The firm has a market capitalization of $68.91 million, a PE ratio of -13.79 and a beta of -0.11.

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

Hedge Funds Weigh In On Grabagun Digital

Hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new position in Grabagun Digital during the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in Grabagun Digital in the 4th quarter worth $43,000. United Asset Strategies Inc. purchased a new stake in Grabagun Digital in the 1st quarter worth $47,000. Renaissance Technologies LLC purchased a new stake in Grabagun Digital in the 1st quarter worth $135,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Grabagun Digital during the 4th quarter valued at about $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.