AMMO Inc (NASDAQ:POWW) price on Friday, December 27, remained unchanged to $1.06.
A look at the stock’s price movement, the close in the last trading session was $1.06, moving within a range at $1.04 and $1.075. The beta value (5-Year monthly) was 0.28. Turning to its 52-week performance, $2.94 and $0.95 were the 52-week high and 52-week low respectively. Overall, POWW moved -13.11% over the past month.
AMMO Inc’s market cap currently stands at around $125.88 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 34.03M for the company’s revenue for the quarter, with a low and high estimate of 33.5M and 34.56M respectively. The average forecast suggests down to a -0.99% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 143.9M, representing a -0.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that POWW is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend POWW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
POWW’s current price about -2.65% and -9.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.03, while 7-day volatility ratio is 5.61% and 5.82% in the 30-day chart. Further, AMMO Inc (POWW) has a beta value of 0.37, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is -41.51% off current price level while to achieve the yearly target high, price needs to move -41.51%. Nonetheless, investors will most likely welcome a -41.51% jump to $1.5 which is the analysts’ median price.
If we refocus on AMMO Inc (NASDAQ:POWW), historical trading data shows that trading volumes averaged 0.84 over the past 10 days and 709.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 118.76 million shares.
The 26.85% of AMMO Inc’s shares are in the hands of company insiders while institutional holders own 27.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.91 million on 2024-11-29, giving us a short ratio of 3.72. The data shows that as of 2024-11-29 short interest in AMMO Inc (POWW) stood at 330.99998 of shares outstanding, with shares short rising to 2.62 million registered in 2024-10-31. Current price change has pushed the stock -49.52% 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.
