PSQ Holdings Inc. (PSQH) can make a big difference with a little luck

PSQ Holdings Inc. (NYSE: PSQH) stock fell -0.43% on Friday to $11.62 against a previous-day closing price of $11.67. With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $11.86 whereas the lowest price it dropped to was $11.00. The 52-week range on PSQH shows that it touched its highest point at $35.57 and its lowest point at $8.94 during that stretch. Beta for the stock currently stands at 0.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSQH was down-trending over the past week, with a drop of -2.02%, but this was up by 0.35% over a month. Three-month performance surged to 13.98% while six-month performance rose 14.88%. The stock gained 19.30% in the past year, while it has gained 16.90% so far this year.

Float and Shares Shorts:

At present, 21.56 million PSQH shares are outstanding with a float of 14.15 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.2 million, which was 0.72% higher than short shares on Jul 30, 2023. In addition to PSQH as the firm’s PSQ Holdings, Inc., PSQ serves as its ProShares Short QQQ.

Institutional Ownership:

Through their ownership of 91.48% of PSQH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.54% of PSQH, in contrast to 42.79% held by mutual funds. Shares owned by individuals account for 32.81%. As the largest shareholder in PSQH with 5.96% of the stake, Fir Tree Capital Management LP holds 1,551,572 shares worth 1,551,572. A second-largest stockholder of PSQH, Mason Capital Management LLC, holds 1,291,125 shares, controlling over 4.96% of the firm’s shares. Kepos Capital LP is the third largest shareholder in PSQH, holding 1,000,000 shares or 3.84% stake. With a 2.64% stake in PSQH, the Merger Fund is the largest stakeholder. A total of 687,576 shares are owned by the mutual fund manager. The Calamos Market Neutral Income Fun, which owns about 2.30% of PSQH stock, is the second-largest Mutual Fund holder. It holds 600,000 shares valued at 6.99 million. Special Opportunities Fund, Inc. holds 0.38% of the stake in PSQH, owning 99,999 shares worth 1.16 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, PSQH reported revenue of $0.00 and operating income of -$248.76k. The EBITDA in the recently reported quarter was -$2.23M and diluted EPS was $0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSQH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PSQH stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 1,270,111 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 1,270,111 while 0 shares were sold.

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