PSQ (NYSE:PSQH) Stock Price Up 0.8% – What’s Next?

PSQ Holdings, Inc. (NYSE:PSQH) shares were up 0.8% during trading on Tuesday . The company traded as high as $0.4041 and last traded at $0.4035. Approximately 187,981 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 322,185 shares. The stock had previously closed at $0.4001.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PSQH. Wall Street Zen raised PSQ from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.50.

PSQ Stock Performance

The stock has a market cap of $20.49 million, a P/E ratio of -0.52 and a beta of 0.44. The stock has a fifty day simple moving average of $0.58 and a 200-day simple moving average of $0.74. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.19 million. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.

Institutional Investors Weigh In On PSQ

Several large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of PSQ by 1,463.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock worth $32,000 after purchasing an additional 29,010 shares in the last quarter. Centiva Capital LP bought a new stake in shares of PSQ in the 3rd quarter valued at $34,000. HRT Financial LP acquired a new stake in PSQ during the 4th quarter worth $45,000. Shay Capital LLC raised its stake in 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. Finally, Bridgeway Capital Management LLC lifted its holdings in PSQ by 45.5% during the third quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 17.32% of the company’s stock.

PSQ Company Profile

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.