In yesterday’s Wall Street session, AMMO Inc (NASDAQ:POWW) shares traded at $1.79, down -28.69% from the previous session.
POWW stock price is now -28.99% away from the 50-day moving average and -23.48% away from the 200-day moving average. The market capitalization of the company currently stands at $213.33M.
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With the price target reduced from $6 to $3, ROTH Capital Downgraded its rating from Buy to Neutral for AMMO Inc (NASDAQ: POWW). On April 22, 2021, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, WAGENHALS FRED W, EXECUTIVE CHAIR sold 221,138 shares of the company’s stock on Mar 04 ’24. The stock was sold for $537,365 at an average price of $2.43. Upon completion of the transaction, the EXECUTIVE CHAIR now directly owns 7,066,700 shares in the company, valued at $12.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, EXECUTIVE CHAIR WAGENHALS FRED W sold 30,590 shares of the business’s stock. A total of $73,416 was realized by selling the stock at an average price of $2.40. This leaves the insider owning 7,287,838 shares of the company worth $13.05 million. A total of 25.08% of the company’s stock is owned by insiders.
During the past 12 months, AMMO Inc has had a low of $1.85 and a high of $3.15. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 4.25, and a quick ratio of 2.78. The fifty day moving average price for POWW is $2.5026 and a two-hundred day moving average price translates $2.3366 for the stock.
The latest earnings results from AMMO Inc (NASDAQ: POWW) was released for 2024-03-31. According to the Aerospace & Defense Company, earnings per share came in at -0.02, inline with analysts’ expectations of -0.02. This compares to -$0.03 EPS in the same period last year. The net profit margin was -12.88% and return on equity was -4.27% for POWW. The company reported revenue of $40.42 million for the quarter, compared to $43.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.47 percent. For the current quarter, analysts expect POWW to generate $36.75M in revenue.
