PSQ (NYSE:PSQH) Shares Down 3.8% – Time to Sell?

Shares of PSQ Holdings, Inc. (NYSE:PSQH) were down 3.8% during trading on Thursday . The stock traded as low as $0.70 and last traded at $0.7150. Approximately 281,658 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,465,695 shares. The stock had previously closed at $0.7430.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $3.50 price objective on shares of PSQ in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.50.

PSQ Stock Up 8.4%

The stock has a market capitalization of $35.28 million, a P/E ratio of -0.64 and a beta of 0.05. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.91. The firm’s fifty day moving average is $1.04 and its 200-day moving average is $1.58.

Institutional Investors Weigh In On PSQ

A number of large investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC acquired a new stake in shares of PSQ in the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. raised its holdings in PSQ by 83.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock worth $25,000 after purchasing an additional 5,631 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in PSQ during the 2nd quarter valued at about $27,000. Centiva Capital LP bought a new position in shares of PSQ in the 3rd quarter valued at about $34,000. Finally, Shay Capital LLC grew its position in shares of PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after buying an additional 9,001 shares during the period. 17.32% of the stock is currently 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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.