PSQ (NYSE:PSQH) Trading Down 5.5%

PSQ Holdings, Inc. (NYSE:PSQH)’s stock price was down 5.5% during trading on Wednesday . The company traded as low as $2.69 and last traded at $2.76. Approximately 385,918 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 130,861 shares. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $7.50 price target (down from $8.50) on shares of PSQ in a research report on Thursday, May 16th.

PSQ Stock Down 3.2 %

The firm has a market capitalization of $76.95 million, a PE ratio of -0.11 and a beta of 0.40. The company has a current ratio of 1.50, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $3.46 and a 200 day simple moving average of $4.27.

PSQ (NYSE:PSQH) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $3.47 million during the quarter, compared to analyst estimates of $3.39 million. PSQ had a negative net margin of 674.94% and a negative return on equity of 762.28%. As a group, sell-side analysts forecast that PSQ Holdings, Inc. will post -1.25 earnings per share for the current year.

Institutional Trading of PSQ

Several large investors have recently modified their holdings of the business. Capital Investment Counsel Inc bought a new stake in shares of PSQ in the 4th quarter worth approximately $60,000. Financial Advocates Investment Management bought a new stake in PSQ in the fourth quarter valued at $65,000. Finally, Calton & Associates Inc. purchased a new position in PSQ during the 4th quarter valued at $431,000. 17.32% of the stock is owned by institutional investors.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.