AMMO (OTCMKTS:POWW) Releases Q1 2022 Earnings Guidance

AMMO (OTCMKTS:POWW) updated its first quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $27 M-.

Several brokerages have recently weighed in on POWW. Lake Street Capital began coverage on AMMO in a report on Wednesday, April 28th. They set a buy rating and a $9.00 target price on the stock. Roth Capital began coverage on AMMO in a report on Wednesday, April 14th. They set a buy rating and a $9.00 target price on the stock.

POWW traded down $0.24 during trading hours on Tuesday, reaching $6.92. The company’s stock had a trading volume of 1,746,948 shares, compared to its average volume of 3,571,662. AMMO has a fifty-two week low of $1.54 and a fifty-two week high of $9.95. The business has a 50-day moving average of $6.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 1.17.

AMMO (OTCMKTS:POWW) last released its quarterly earnings data on Tuesday, February 16th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $16.62 million during the quarter.

AMMO Company Profile

Ammo, Inc designs, develops, manufactures, markets, and sells ammunition and ammunition component products for use in handguns and long guns in the United States and internationally. The company offers STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; One Precise Shot ammunition, which is designed to meet various engagement scenarios experienced by law enforcement personnel in the line of duty; and Stelth Subsonic ammunition that is designed primarily for suppressed firearms.

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