Traders Purchase High Volume of Call Options on Grabagun Digital (NYSE:PEW)

Grabagun Digital Holdings Inc. (NYSE:PEW) was the target of some unusual options trading on Monday. Stock traders purchased 6,694 call options on the stock. This represents an increase of 939% compared to the average daily volume of 644 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of Grabagun Digital in the 4th quarter valued at approximately $279,000. Bridgeway Capital Management LLC acquired a new position in Grabagun Digital during the 4th quarter worth approximately $150,000. Renaissance Technologies LLC acquired a new position in Grabagun Digital during the 1st quarter worth approximately $135,000. XTX Topco Ltd lifted its stake in Grabagun Digital by 195.7% in the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock valued at $188,000 after purchasing an additional 41,335 shares during the last quarter. Finally, United Asset Strategies Inc. bought a new position in Grabagun Digital in the 1st quarter valued at approximately $47,000. Institutional investors own 4.80% of the company’s stock.

Grabagun Digital Trading Up 22.6%

Grabagun Digital stock traded up $0.53 during trading hours on Monday, reaching $2.88. 8,034,586 shares of the stock were exchanged, compared to its average volume of 557,120. The company has a market cap of $84.73 million, a P/E ratio of -16.91 and a beta of -0.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.37 and a current ratio of 6.91. Grabagun Digital has a twelve month low of $2.24 and a twelve month high of $21.40. The stock has a 50 day moving average price of $2.68.

Grabagun Digital (NYSE:PEW) last issued its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $25.93 million during the quarter. On average, analysts expect that Grabagun Digital will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PEW has been the subject of a number of research reports. Wall Street Zen raised Grabagun Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grabagun Digital in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.