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.

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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.

Institutional Ownership:

Through their ownership of 24.17% of POWW’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

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.

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