SHOT Stock Summary and Trading Ideas (Safety Shot | NASDAQ:SHOT)

Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel faster by reducing blood alcohol content and boosting clarity.

Safety Shot trades on the NASDAQ stock market under the symbol SHOT.

As of October 18, 2024, SHOT stock price climbed to $1.13 with 333,857 million shares trading.

SHOT has a beta of 3.14, meaning it tends to be more sensitive to market movements. SHOT has a correlation of 0.10 to the broad based SPY ETF.

SHOT has a market cap of $68.25 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that SHOT belongs to (by Net Assets): VXF, IWC.

SHOT has underperformed the market in the last year with a price return of -13.1% while the SPY ETF gained +37.5%. However, in the short term, SHOT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.6% vs +6.1% return in SPY. But in the last 2 weeks, SHOT shares have been beat by the market, returning -11.0% compared to an SPY return of +2.0%.

SHOT support price is $1.05 and resistance is $1.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHOT shares will trade within this expected range on the day.