EF Hutton analyst Edward Reilly maintained a Buy rating on AMMO (POWW – Research Report) today and set a price target of $3.50. The company’s shares closed today at $2.36.
Reilly covers the Industrials sector, focusing on stocks such as Stran & Company, Hudson Global, and AMMO. According to TipRanks, Reilly has an average return of -20.6% and a 28.00% success rate on recommended stocks.
AMMO has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.
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Based on AMMO’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $38.71 million and a GAAP net loss of $4.1 million. In comparison, last year the company earned a revenue of $64.69 million and had a net profit of $9.07 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of POWW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AMMO, Inc. engages in the design, manufacture and sale of ammunition products. It distributes its products under the following brands: Jesse James, SHIELD, and One Precise Shot. The company was founded in November 1990 and is headquartered in Scottsdale, AZ.
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