The trading price of AMMO Inc (NASDAQ:POWW) closed higher on Tuesday, January 21, and closing at $1.68, 12.00% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.49 and $1.72. In examining the 52-week price action we see that the stock hit a 52-week high of $2.94 and a 52-week low of $0.95. Over the past month, the stock has gained 61.54% in value.
AMMO Inc, whose market valuation is $199.52 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.01 per share this quarter, however they have predicted annual earnings per share of 0.09 for current year and 0.17 for next year.
Analysts have forecast the company to bring in revenue of 34.03M for the current quarter, with the likely lows of 33.5M and highs of 34.56M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 143.9M.
On the technical side, indicators suggest POWW has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned POWW a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AMMO Inc (POWW) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that POWW’s price is currently 36.16% off the SMA20 and 38.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.45, and weekly volatility stands at 9.14%. When measured over the past 30 days, the indicator reaches 7.92%. AMMO Inc (NASDAQ:POWW)’s beta value is currently sitting at 0.43, while the Average True Range indicator is currently displaying 0.10. With analysts defining $1.5-$1.5 as the low and high price targets, we arrive at a consensus price target of $1.5 for the trailing 12-month period. The current price is about 10.71% off the estimated low and 10.71% off the forecast high, based on this estimate. Investors will be thrilled if POWW’s share price rises to $1.5, which is the median consensus price. At that level, POWW’s share price would be 10.71% above current price.
To see how AMMO Inc stock has been performing in comparison to its peers in the industry, here are the numbers: POWW stock’s performance was 12.00% in the latest trading, and -16.83% in the past year.
An evaluation of the daily trading volume of AMMO Inc (NASDAQ:POWW) indicates that the 3-month average is 858.07K. However, this figure has increased over the past 10 days to an average of 1.19.
Currently, records show that 118.76 million of the company’s shares remain outstanding. The insiders hold 27.05% of outstanding shares, whereas institutions hold 27.74%. The stats also highlight that short interest as of 2024-12-31, stood at 3.44 million shares, resulting in a short ratio of 4.26 at that time. From this, we can conclude that short interest is 391.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 2.91 million. However, since the stock’s price has seen 52.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
