AMMO Inc (NASDAQ: POWW) Stock Forecast: An Analysis

In the latest trading session, 1.4 million AMMO Inc (NASDAQ:POWW) shares changed hands as the company’s beta touched 0.27. With the company’s most recent per share price at $1.71 changed hands at -$0.08 or -4.47% at last look, the market valuation stands at $203.80M. POWW’s current price is a discount, trading about -84.21% off its 52-week high of $3.15. The share price had its 52-week low at $1.75, which suggests the last value was -2.34% down since then. When we look at AMMO Inc’s average trading volume, we note the 3-month average coming to 553.34K.

AMMO Inc (NASDAQ:POWW) trade information

Instantly POWW was in red as seen in intraday trades today. With action -28.75%, the performance over the past five days has been red. The drop to weekly highs of 2.5500 subtracted -4.47% to the stock’s daily price. The company’s shares are showing year-to-date downside of -18.57%, with the 5-day performance at -28.75% in the red. However, in the 30-day time frame, AMMO Inc (NASDAQ:POWW) is -31.05% down.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

AMMO Inc (POWW) estimates and forecasts

Data shows that the AMMO Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.59% over the past 6 months, a 111.11% in annual growth rate that is considerably higher than the industry average of -2.80%. Year-over-year growth is forecast to reach 8.70% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 36.75M. 2 analysts are of the opinion that AMMO Inc’s revenue for the current quarter will be 38.63M. The company’s revenue for the corresponding quarters a year ago was 38.95M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.63%. The 2024 estimates are for AMMO Inc earnings to decrease by -16.67%.