5th Dec 2023

What is SHOT and why it is up by 300% in last month?

Safety Shot, Inc. (SHOT) has seen a significant increase in its stock value, rising by over 300% in the past month. So what is the deal with the company and why the stock is one of the most searched stock in last days?

Based in Florida, the company has carved a niche in the market with its unique beverage designed to reduce blood alcohol content and enhance clarity. It is focused on end consumers seeking a quick recovery from alcohol effects.

Safety Shot introduced its patented beverage on Amazon, which quickly sold out within hours of its release, and it attracted lot of investors.

The company is currently conducting a double-blind, placebo-controlled trial to assess the effects of Safety Shot on blood and breath alcohol levels. The anticipation of the trial's results, expected in Q1 202, and it’s why so many investors are currently bullish on the stock.

Company have currently negative EBITDA of -$4M, and it’s currently very speculative bet with unclear results. Always do your research before investing.

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