AMMO Inc. (NASDAQ:POWW) price on Thursday, June 23, rose 1.50% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.77.
A look at the stock’s price movement, the level at last check in today’s session was $8.64, moving within a range at $8.29 and $8.83. Turning to its 52-week performance, $9.95 and $1.96 were the 52-week high and 52-week low respectively. Overall, POWW moved 37.36% over the past month.
AMMO Inc.’s market cap currently stands at around $588.04 million. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.15 and about $0.35 for fiscal year 2022.
Analysts have a consensus estimate of $23.95 million for the company’s revenue for the quarter, with a low and high estimate of $23.9 million and $24 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that POWW is a 100% Buy. On the other hand, the stock is on average a 75% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
POWW’s current price about 21.04% and 26.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.82, while 7-day volatility ratio is 8.67% and 6.47% in the 30-day chart. Further, AMMO Inc. (POWW) has a beta value of -0.69, and an average true range (ATR) of 0.47.
In the market, a comparison of AMMO Inc. (POWW) and its peers suggest the former has performed considerably stronger. Data shows POWW’s intraday price has changed 1.50% today and 270.82% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.55% and 0.66% respectively on the day as seen in early trades.
If we refocus on AMMO Inc. (NASDAQ:POWW), historical trading data shows that trading volumes averaged 3.41 million over the past 10 days and 2.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 53.82 million shares.
The 12.20% of AMMO Inc.’s shares are in the hands of company insiders while institutional holders own 28.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.56 million on May 27, 2021, giving us a short ratio of 0.87. The data shows that as of May 27, 2021 short interest in AMMO Inc. (POWW) stood at 1.40% of shares outstanding, with shares short rising to 1.26 million registered in Apr 29, 2021. Current price change has pushed the stock 161.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the POWW stock continues to rise going into the next quarter.