AMMO (OTCMKTS:POWW) Issues Q1 2022 Earnings Guidance

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

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

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

A number of research firms have recently weighed in on POWW. Lake Street Capital started coverage on AMMO in a research note on Wednesday, April 28th. They issued a buy rating and a $9.00 price objective for the company. Roth Capital started coverage on AMMO in a research note on Wednesday, April 14th. They set a buy rating and a $9.00 price target for the company.

About AMMO

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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