PSQ (NYSE:PSQH) Posts Earnings Results, Misses Expectations By $0.01 EPS

PSQ (NYSE:PSQH) announced its earnings results on Tuesday. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01), Zacks reports. PSQ had a negative net margin of 227.52% and a negative return on equity of 336.34%. The business had revenue of $6.54 million during the quarter, compared to analyst estimates of $6.52 million. During the same quarter last year, the business posted ($0.49) earnings per share.

PSQ Price Performance

PSQ stock traded down $0.28 during midday trading on Wednesday, reaching $2.62. The stock had a trading volume of 269,241 shares, compared to its average volume of 131,064. The firm’s fifty day simple moving average is $2.67 and its 200-day simple moving average is $3.09. PSQ has a 1-year low of $2.25 and a 1-year high of $7.01. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 1.51.

Insider Activity at PSQ

In related news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the transaction, the director now directly owns 1,203,704 shares of the company’s stock, valued at $3,250,000.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 32.11% of the stock is owned by insiders.

About PSQ

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.