AMMO Inc. [NASDAQ: POWW] surged by $0.58 during the normal trading session on Wednesday and reaching a high of $7.64 during the day while it closed the day at $7.32. The company report on June 7, 2021 that AMMO, Inc. Set to Join Russell 2000® Index and Russell Microcap® Index on June 28, 2021.
AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has been included in the June 4th preliminary list of member additions to the Russell 2000® Index and the Russell Microcap® Index, which become effective upon the opening of the US stock markets on June 28, as part of the 2021 Russell indexes reconstitution.
Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the Russell 2000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 3000® Index, as well as the appropriate growth and value style indexes. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
AMMO Inc. stock has also gained 6.09% of its value over the past 7 days. However, POWW stock has inclined by 15.82% in the 3 months of the year. Over the past six months meanwhile, it has gained 178.33% and gained 121.82% year-on date.
The market cap for POWW stock reached $553.90 million, with 53.82 million shares outstanding and 17.00 million shares in the current float. Compared to the average trading volume of 2.47M shares, POWW reached a trading volume of 5249992 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about AMMO Inc. [POWW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for POWW shares is $9.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on POWW stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for AMMO Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 22, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on April 08, 2021, representing the official price target for AMMO Inc. stock.
The Average True Range (ATR) for AMMO Inc. is set at 0.40, with the Price to Sales ratio for POWW stock in the period of the last 12 months amounting to 12.88. The Price to Book ratio for the last quarter was 9.27, with the Price to Cash per share for the same quarter was set at 0.25.
POWW stock trade performance evaluation
AMMO Inc. [POWW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.09. With this latest performance, POWW shares gained by 6.71% in over the last four-week period, additionally plugging by 178.33% over the last 6 months – not to mention a rise of 176.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for POWW stock in for the last two-week period is set at 61.46, with the RSI for the last a single of trading hit 67.22, and the three-weeks RSI is set at 57.81 for AMMO Inc. [POWW]. The present Moving Average for the last 50 days of trading for this stock 6.76, while it was recorded at 6.82 for the last single week of trading, and 4.78 for the last 200 days.
AMMO Inc. [POWW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and AMMO Inc. [POWW] shares currently have an operating margin of -94.91 and a Gross Margin at -35.69. AMMO Inc.’s Net Margin is presently recorded at -98.49.
Return on Total Capital for POWW is now -38.16, given the latest momentum, and Return on Invested Capital for the company is -43.86. Return on Equity for this stock declined to -59.67, with Return on Assets sitting at -33.95. When it comes to the capital structure of this company, AMMO Inc. [POWW] has a Total Debt to Total Equity ratio set at 74.36. Additionally, POWW Total Debt to Total Capital is recorded at 42.65, with Total Debt to Total Assets ending up at 33.96. Long-Term Debt to Equity for the company is recorded at 46.27, with the Long-Term Debt to Total Capital now at 26.54.
Reflecting on the efficiency of the workforce at the company, AMMO Inc. [POWW] managed to generate an average of -$115,529 per employee. Receivables Turnover for the company is 6.93 with a Total Asset Turnover recorded at a value of 0.34.AMMO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.60.
AMMO Inc. [POWW]: Insider Ownership positions
There are presently around $144 million, or 28.60% of POWW stock, in the hands of institutional investors. The top three institutional holders of POWW stocks are: HOOD RIVER CAPITAL MANAGEMENT LLC with ownership of 5,408,259, which is approximately New of the company’s market cap and around 12.20% of the total institutional ownership; ZEKE CAPITAL ADVISORS, LLC, holding 3,330,396 shares of the stock with an approximate value of $24.38 million in POWW stocks shares; and VANGUARD GROUP INC, currently with $14.79 million in POWW stock with ownership of nearly New of the company’s market capitalization.
71 institutional holders increased their position in AMMO Inc. [NASDAQ:POWW] by around 18,541,012 shares. Additionally, 17 investors decreased positions by around 446,167 shares, while 2 investors held positions by with 644,836 shares. The mentioned changes placed institutional holdings at 19,632,015 shares, according to the latest SEC report filing. POWW stock had 55 new institutional investments in for a total of 16,821,637 shares, while 8 institutional investors sold positions of 211,976 shares during the same period.