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Tag: AMMO Stock

  • What Led The POWW Stock To Increase In Premarket Session?

    What Led The POWW Stock To Increase In Premarket Session?

    At last check, the shares of premier American ammunition and munition components manufacturer and technology leader, AMMO Inc. (POWW) rose 10.58% to $9.72 in premarket trade today. AMMO stock gained 3.05% to close at $8.79 in the last trading session. POWW stock volume, recorded at 4.94 million shares, was below the 2.37 million shares traded on average daily over the last 50 trading days.

    The POWW stock price has declined by 3.29% in the last five days; however, it had gained 28.13% over the last month. Over the past three months, POWW stock price increased by 55.85%, and it has gained 235.50 percent in the last 12 months. After the release of its financial results, the price of POWW stock has been rising.

    POWW’s performance: how did it fare?

    AMMO’s corporate headquarters are located in Scottsdale, Arizona. POWW designs and manufactures products for a number of applications, including law enforcement, military, sport shooting, and self-defense. With a vision of changing, innovating and energizing a complacent munitions industry, POWW was founded in 2016. POWW sells branded ammunition as well as /stelTH/ subsonic ammunition, armor-piercing rounds, and STREAK Visual Ammunition.

    AMMO released its financial results yesterday for the fourth quarter and the fiscal year ending March 31, 2021.

    Financial highlights:

    • Quarter-over-quarter, sales at POWW increased by 46%, an increase of $7.6 million.
    • As for margins, POWW’s fourth-quarter margin increased to approximately 23%, an increase of 179% or $7.1 million from the fourth quarter of last year.
    • By adding depreciation and amortization back to cost of goods sold, gross profit for POWW for the quarter increased to 27%.
    • In the quarter ended March 31, POWW’s operating expenses were 25% of sales, a decline of 58% from the previous year quarter.
    • The operating expense percentage of POWW for the year was 27%, a 61% decline from the previous year.
    • Approximately $3.4 million of the quarter’s non-cash expenses were incurred by POWW, which resulted in a net loss of about $463,000 for the company.
    • In addition to the $7.8 million net loss for the year, POWW incurred non-cash expenses of $10.1 million.
    • Adjusted EBITDA reached $4.8 million, up 296% from same quarter last year.
    • A 213% increase to $8.1 million in Adjusted EBITDA for POWW was reported for the year.
    • During its fiscal fourth quarter, POWW’s adjusted earnings per share (EPS) increased 167% year-over-year to $0.04.
    • EPS of POWW for the year rose to $0.07, which represents a 150% increase from the prior year.

    What does POWW see ahead?

    AMMO (POWW) is committed to establishing a new standard in its fiscal 2022, which should result in exceptional growth. Additionally, POWW has exhibited its ability to design and manufacture technologically advanced ballistic match ammunition for The United States Department of Defense.

  • The 3 Top Ammunition Stocks to Buy with Rising Demand

    The 3 Top Ammunition Stocks to Buy with Rising Demand

    The demand for Ammunition such as guns is on a rise since the murder of African-American George Floyd.

    2020 has been an extraordinary year, full of surprises and uncertainties. The COVID-19 pandemic wasn’t enough as the killing of 46 years African-American George Floyd took place on May 25, 2020. Since then, there has been civil unrest in the US. On top of that, about a month ago, Trump enthusiast marched outside the White House protesting against the unfair elections.

    During this period of agitation, the demand for ammunition increased and the sales for guns were on a rise. As a result, U.S.-listed gun and ammunition stocks outperformed the broader market. The demand has continued since and the ammunition stocks have rallied over time. Here are the three top ammunition stocks to buy this year.

    Smith & Wesson Brands (SWBI)

    Smith & Wesson Brands (SWBI) is one of the most renowned names in the ammunition industry. Since dropping to the lows of $4.42 in March last year, SWBI shares have skyrocketed to a high of $23.57 in January 2021.

    With the recent pullback to $16.77, as of Feb. 2, SWBI stock has an upside amid the high demand for guns in the market. The demand for guns spiked during the second quarter last year, with sales more than doubled year-over-year. In Q4 2020, the company reported consumer demand for firearms increased dramatically. The revenue was up by 37% YoY to $193 million.

    The growing demand keeps the analyst on the bullish side. Wall Street is quite optimistic as SWBI approaches its next earnings report date. According to Street, the company is projected to report earnings of $0.82, a whopping growth of 530.77% YoY. While the Zacks predict the net sales to top $264.70 million, almost a 58.80% increase from the prior-year period.

    AMMO (POWW)

    Ammo (POWW) is an emerging ammunition company that has had an astonishing period recently. The company with a small market cap of 331.783 million is growing well. The rising demand for ammunition in the US has helped the stock price touch its all-time high earlier this year.

    The company has provided its fourth-quarter outlook, which reflects phenomenal revenue growth of 317% YoY. This would be the fourth consecutive quarter with triple-digit growth year-over-year—for Ammo.

    As we head forward, the company anticipates ammunition demand to increase further. Based on the recent US senate election, Ammo believes that the demand for ammunition would continue to spike amid the political uncertainty. So, it’s a promising ammunition stock to buy this year.

    Olin Corp. (OLN)

    Olin Corp. (OLN) is a chemical industry stalwart but it plays a major role in the firearms industry. As an investor, you would not want to roll out OLN stock for a potential investment option this year.

    Olin shares are once again popping up signaling to cross the 52-week high. The company recently posted the Q4 results which were decent considering the pandemic. Olin’s revenue soared over 19% to $1,654.1 million during the quarter; surpassing the consensus estimate of $1,460.6 million.

    The Zacks consensus estimate for this year’s earnings has increased more than 100% over the last 60 days. However, in the recent quarter, Olin posted a loss of $0.21 compared to $0.49 in the same period last year.

    However, the current consensus shows that due to the higher demand for ammunition and better business circumstances than earlier 2020, Olin has more upside. So, keep Olin Corp. (OLN) in your books.

  • Under the spotlight: Aerospace & Defence Stocks

    Under the spotlight: Aerospace & Defence Stocks

    Rolls-Royce is now facing the most challenging time in its 114-year history because of the coronavirus crisis. By raising 5 billion pounds ($6.8 billion) in cash, the supplier to Airbus and Boeing Co (NYSE: BA) bought it time but warned that 2020 would be even worse than expected.

    The manufacturer of powerplants for British nuclear submarines might need to be saved by the state before it secured extra funds in November.

    Following last month’s reduction in Rolls’ debt rating to “junk,” Prime Minister Boris Johnson attempted to allay concerns, saying the government would work with the company to ensure its “long-term future” as a “great, great British company.”

    Rolls Royce is one of only four major manufacturers in the world of aero engines, symbolizing British industrial interests at a crucial time when the nation is attempting to assert its position in a post-Brexit world and struggling with uncertainty over the future trade relationships.

    The Boeing Company (NYSE:BA) shares were trading down -2.05% at $221.24 at the time of writing on Thursday. Boeing (BA) recently stated that the company and the University of Arizona put an age-old technique, thermal disinfection, to use in the fight against COVID-19.

    The Boeing Company (NYSE:BA) share price went from a low point around $89.00 to briefly over $349.95 in past 52 weeks, though shares have since pulled back to $221.24. BA market cap has remained high, hitting $127.12B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating BA, UBS upgraded coverage on BA shares with a Buy rating and a $213.13 price target, which implies room for -8.11% downside momentum this year.

    EHang Holdings Limited (EH) last closed at $20.21, in a 52-week range of $7.59 to $24.38. The company achieved a significant milestone on the path to offering Urban Air Mobility (“UAM”) services worldwide. As On December 9, the Civil Aviation Authority of Austria issued a trial flight permit for the EH216 passenger-grade AAV. Analysts have a consensus price target of $13.00.

    Embraer S.A. (ERJ) stock drop by -0.96% to $7.22. The most recent rating by Morgan Stanley, on August 11, 2020, is at an Underweight.

    Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Shares headed rising, higher as much as 6.63% following its announcement of successful completion of Kratos Valkyrie UAS AttritableONE flight test enabling the F-22 and F-35 5th flying of generation fighters in formation. The most recent rating by JP Morgan, on September 22, 2020, is at a Neutral.

    L3Harris Technologies Inc. (NYSE:LHX) fall -0.23% after losing more than -$0.42 on Thursday after reporting that it will host a conference call on Friday, January 29, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter calendar year 2020 financial results.

    Lockheed Martin Corporation (LMT) last closed at $352.60, in a 52-week range of $266.11 to $442.53. Analysts have a consensus price target of $436.00.

    Northrop Grumman Corporation (NOC) stock drop by -0.44% to $300.68. On December 8, 2020, the company and Veritas Capital, revealed that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The most recent rating by RBC Capital Mkts, on October 06, 2020, is at an Outperform.

    AMMO Inc. (NASDAQ:POWW) Shares headed falling, lower as much as -2.15% after reporting the closing of Underwriters’ $2.6 million over-allotment of common stock.

    Raytheon Technologies Corporation (NYSE:RTX) rose 0.10% after gaining more than $0.07 on Thursday.

    Virgin Galactic Holdings Inc. (SPCE) last closed at $25.50, in a 52-week range of $9.06 to $42.49. On December 14, 2020, the firm revealed an update following its recent test flight on December 12, 2020. Analysts have a consensus price target of $26.78.

    Spirit AeroSystems Holdings Inc. (SPR) stock drop by -1.30% to $36.37. The most recent rating by UBS, on December 07, 2020, is at a Buy.

    Smith & Wesson Brands Inc. (NASDAQ:SWBI) Shares headed rising, higher as much as 0.89% following the declaration from the firm that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through December 14, 202. The most recent rating by Aegis Capital, on September 24, 2020, is at a Buy.

    AgEagle Aerial Systems Inc. (AMEX:UAVS) rose 5.57% after gaining more than $0.17 on Thursday.