AMMO Inc (NASDAQ: POWW) stock jumped 1.40% on Friday to $2.17 against a previous-day closing price of $2.14. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $2.2300 whereas the lowest price it dropped to was $2.1477. The 52-week range on POWW shows that it touched its highest point at $3.15 and its lowest point at $1.56 during that stretch. It currently has a 1-year price target of $2.62. Beta for the stock currently stands at 0.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of POWW was down-trending over the past week, with a drop of -0.46%, but this was down by -17.80% over a month. Three-month performance surged to 5.34% while six-month performance rose 24.00%. The stock lost -1.36% in the past year, while it has gained 25.43% so far this year. A look at the trailing 12-month EPS for POWW yields -0.16 with Next year EPS estimates of 0.01. For the next quarter, that number is -0.01. This implies an EPS growth rate of -168.75% for this year and 104.55% for next year.
Float and Shares Shorts:
At present, 118.29 million POWW shares are outstanding with a float of 88.14 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.12 million, which was 2.65% higher than short shares on Sep 28, 2023. In addition to Mr. Fred W. Wagenhals as the firm’s Founder & Executive Chairman of Board, Mr. Jared R. Smith serves as its CEO & Director.
Through their ownership of 24.17% of POWW’s outstanding shares, institutional investors have minority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for POWW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With POWW analysts setting a high price target of $3.00 and a low target of $2.25, the average target price over the next 12 months is $2.63. Based on these targets, POWW could surge 38.25% to reach the target high and rise by 3.69% to reach the target low. Reaching the average price target will result in a growth of 21.2% from current levels.
Summary of Insider Activity:
Insiders traded POWW stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 1,042,989 while 151,327 shares were sold.