AMMO Inc. (NASDAQ:POWW) has a beta value of -0.68 and has seen 2.69 million shares traded in the last trading session. The company, currently valued at $844.80M, closed the last trade at $7.21 per share which meant it gained $0.09 on the day or 1.26% during that session. The POWW stock price is -43.83% off its 52-week high price of $10.37 and 72.82% above the 52-week low of $1.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.31 million shares traded. The 3-month trading volume is 2.79 million shares.
The consensus among analysts is that AMMO Inc. (POWW) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.
AMMO Inc. (NASDAQ:POWW) trade information
Sporting 1.26% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the POWW stock price touched $7.21 or saw a rise of 5.63%. Year-to-date, AMMO Inc. shares have moved 118.48%, while the 5-day performance has seen it change -3.48%. Over the past 30 days, the shares of AMMO Inc. (NASDAQ:POWW) have changed -0.69%. Short interest in the company has seen 1.56 million shares shorted with days to cover at 0.87.
Wall Street analysts have a consensus price target for the stock at $11.50, which means that the shares’ value could jump 37.3% from current levels. The projected low price target is $11.00 while the price target rests at a high of $12.00. In that case, then, we find that the current price level is -66.44% off the targeted high while a plunge would see the stock gain -52.57% from current levels.
AMMO Inc. (POWW) estimates and forecasts
Figures show that AMMO Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 19.37% over the past 6 months, with this year growth rate of 500.00%, compared to 28.60% for the industry. Revenue growth from the last financial year stood is estimated to be 247.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of $44.48 million for the current quarter. 2 have an estimated revenue figure of $52.6 million for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -55.90% over the past 5 years.
AMMO Inc. is expected to release its next earnings report on February 16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AMMO Inc. (NASDAQ:POWW)’s Major holders
Insiders own 46.79% of the company shares, while shares held by institutions stand at 33.99% with a share float percentage of 63.88%. Investors are also buoyed by the number of investors in a company, with AMMO Inc. having a total of 87 institutions that hold shares in the company. The top two institutional holders are Hood River Capital Management LLC with over 5.41 million shares worth more than $32.02 million. As of Mar 30, 2021, Hood River Capital Management LLC held 10.69% of shares outstanding.
The other major institutional holder is Zeke Capital Advisors LLC, with the holding of over 3.33 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $19.72 million and represent 6.58% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. As of Mar 30, 2021, the former fund manager holds about 3.63% shares in the company for having 1.83 million shares of worth $10.86 million while later fund manager owns 1.18 million shares of worth $6.99 million as of Mar 30, 2021, which makes it owner of about 2.33% of company’s outstanding stock.