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Saturday, June 3, 2023

What Are The Chances Of AMMO Inc. (NASDAQ: POWW) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for AMMO Inc. (POWW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 1.52%, to $2.00. The AMMO Inc. has recorded 4,619 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Ammo Inc. Board Authorizes Extension of Share Repurchase Plan.

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Stocks Info

As a NASDAQ listed company, POWW falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $1.97 and fluctuated between $1.9850 as its day high and $1.8550 as its day low. The current market capitalization of AMMO Inc. is $225.09M. A total of 0.57 million shares were traded on the day, compared to an average of 892.73K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, POWW has seen 15 BUY and 2 SELL insider trades, representing the acquisition of 320,500 and the disposition of 131,327 shares. Over the last 12 months, there were 39 BUYs and 6 SELLs from insiders. Insiders purchased 853,000 shares during that period but sold 181,327.

In the most recent transaction, Smith Jared Rowe bought 55,000 shares of POWW for 1.60 per share on Mar 23. After the transaction, the President & COO now owns 105,000 company shares. In a previous transaction on Feb 22, Smith Jared Rowe bought 50,000 shares at 2.04 per share. POWW shares that President & COO owns now total 50,000.

Among the insiders who sold shares, Goodmanson Robert disposed of 10,000 shares on Dec 02 at a per-share price of $2.22. This resulted in the President holding 234,616 shares of POWW after the transaction. In another insider transaction, Goodmanson Robert sold 10,000 shares at $2.12 per share on Nov 23. Company shares held by the President now total 244,616.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for POWW in the last 3 months, the mean price target is $2.67 with high estimates of $3.00 and low estimates of $2.00. In terms of 52-week highs and lows, POWW has a high of $6.05 and a low of $1.56.

As of this writing, POWW has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.02. The company reported an EPS of -$0.01 in the last quarter, which was -125.00% lower than expectations of $0.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. POWW’s latest balance sheet shows that the firm has $23.28M in Cash & Short Term Investments as of fiscal 2022. There were $5.14M in debt and $35.82M in liabilities at the time. Its Book Value Per Share was $3.23, while its Total Shareholder’s Equity was $374.30M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for POWW is Buy with a score of 4.33. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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