The Vanguard Group, Inc. recently announced the acquisition of new stake in AMMO Inc (NASDAQ:POWW). The institutional investor has increased its shareholding in the Industrials company by 3.08% to 4.68 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 3.95% valued currently at $9.83 million. In addition, Geode Capital Management LLC raised its holdings by 78350.0 to 1.88 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.31% or 19657.0 shares – to 1.52 million shares.
With over 0.44 million AMMO Inc (POWW) shares trading Friday and a closing price of $2.12 on the day, the dollar volume was approximately $0.93 million. The shares have shown a negative half year performance of -0.93% and its price on 01/12/24 gained nearly 0.95%. Currently, there are 118.29M common shares owned by the public and among those 88.35M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for POWW have a consensus price objective of $2.63. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $2.25. The average price target is 19.08% above its recent price level and an upside to the estimated low will see the stock gain 5.78% over that period. But an upside of 29.33% will see the stock hit the forecast high price target while median target price for the stock is $2.63.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 52 of these insider trades were purchases, accounting for 1,248,869 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 131,327 shares.
The top 3 mutual fund holders in AMMO Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 2.58 million shares of the company’s stock, all valued at over $5.41 million. iShares Russell 2000 ETF sold 6282.0 shares to see its total holdings shrink to 2.37 million shares valued at over $4.98 million and representing 2.00% of the shares outstanding. Vanguard Extended Market Index Fu bought 34418.0 shares to bring its total holdings to over 1.26 million shares at a value of $2.64 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.06% of the shares outstanding.
Shares of AMMO Inc (NASDAQ: POWW) opened at $2.13, up $0.03 from a prior closing price of $2.10. However, the script later moved the day high at 2.1750, up 0.95%. The company’s stock has a 5-day price change of 0.47% and -4.50% over the past three months. POWW shares are trading 0.95% year to date (YTD), with the 12-month market performance down to -6.61% lower. It has a 12-month low price of $1.57 and touched a high of $3.15 over the same period. POWW has an average intraday trading volume of 973.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.38%, -4.14%, and 0.54% respectively.
Institutional ownership of AMMO Inc (NASDAQ: POWW) shares accounts for 24.46% of the company’s 118.29M shares outstanding. Mutual fund holders own 13.16%, while other institutional holders and individual stakeholders account for 26.39% and 11.33% respectively.
It has a market capitalization of $251.14M and a beta (3y monthly) value of 0.30. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.83% over the week and 5.03% over the month.
Analysts forecast that AMMO Inc (POWW) will achieve an EPS of -$0.01 for the current quarter, -$0.01 for the next quarter and $0 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -168.75%, and 104.55% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate AMMO Inc (POWW) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the POWW, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on November 15, 2022, with the firm’s price target at $6-$3.
