AMMO Inc. [POWW] stock Initiated by Lake Street analyst, price target now $9

AMMO Inc. [NASDAQ: POWW] loss -9.70% on the last trading session, reaching $5.40 price per share at the time. The company report on August 15, 2022 that AMMO, Inc. Reports First Quarter 2023 Financial Results.


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AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today reported results for its first quarter of fiscal 2023, ended June 30, 2023.

AMMO Inc. represents 114.76 million in outstanding shares, while the company has a total market value of $622.19 million with the latest information. POWW stock price has been found in the range of $4.88 to $5.875.

If compared to the average trading volume of 1.38M shares, POWW reached a trading volume of 7377102 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $9.33 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 2.00. 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 0.30, with the Price to Sales ratio for POWW stock in the period of the last 12 months amounting to 2.59. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 0.24.

Trading performance analysis for POWW stock

AMMO Inc. [POWW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.40. With this latest performance, POWW shares gained by 19.47% in over the last four-week period, additionally plugging by 12.97% over the last 6 months – not to mention a drop of -24.58% 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 57.21, with the RSI for the last a single of trading hit 52.73, and the three-weeks RSI is set at 58.52 for AMMO Inc. [POWW]. The present Moving Average for the last 50 days of trading for this stock 4.60, while it was recorded at 5.73 for the last single week of trading, and 4.86 for the last 200 days.

AMMO Inc. [POWW]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and AMMO Inc. [POWW] shares currently have an operating margin of +15.30 and a Gross Margin at +31.24. AMMO Inc.’s Net Margin is presently recorded at +13.84.

Return on Equity for this stock inclined to 12.44, with Return on Assets sitting at 11.18.

AMMO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 3.50.

An analysis of insider ownership at AMMO Inc. [POWW]

There are presently around $203 million, or 34.20% of POWW stock, in the hands of institutional investors. The top three institutional holders of POWW stocks are: BLACKROCK INC. with ownership of 5,900,940, which is approximately 3.553% of the company’s market cap and around 24.60% of the total institutional ownership; HOOD RIVER CAPITAL MANAGEMENT LLC, holding 5,205,123 shares of the stock with an approximate value of $28.11 million in POWW stocks shares; and VANGUARD GROUP INC, currently with $22.33 million in POWW stock with ownership of nearly -6.792% of the company’s market capitalization.

Positions in AMMO Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 64 institutional holders increased their position in AMMO Inc. [NASDAQ:POWW] by around 1,969,903 shares. Additionally, 64 investors decreased positions by around 4,159,511 shares, while 37 investors held positions by with 31,400,139 shares. The mentioned changes placed institutional holdings at 37,529,553 shares, according to the latest SEC report filing. POWW stock had 18 new institutional investments in for a total of 583,391 shares, while 18 institutional investors sold positions of 349,673 shares during the same period.

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