Outdoor (NASDAQ:POWW) Posts Earnings Results

Outdoor (NASDAQ:POWW) announced its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $14.48 million for the quarter, compared to the consensus estimate of $13.02 million. Outdoor had a positive return on equity of 1.89% and a negative net margin of 6.92%.

Outdoor Price Performance

Shares of NASDAQ POWW opened at $2.13 on Monday. Outdoor has a fifty-two week low of $1.11 and a fifty-two week high of $2.60. The company has a market cap of $247.42 million, a PE ratio of -42.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.96 and a current ratio of 3.96. The business has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $2.05.

Wall Street Analysts Forecast Growth

Several research firms have commented on POWW. Zacks Research raised shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Roth Capital increased their target price on shares of Outdoor from $2.30 to $2.75 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings downgraded shares of Outdoor from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2.62.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of Outdoor in the fourth quarter worth $99,000. Kanen Wealth Management LLC increased its holdings in Outdoor by 1.7% in the 4th quarter. Kanen Wealth Management LLC now owns 11,691,882 shares of the company’s stock worth $19,833,000 after buying an additional 197,876 shares during the period. Empowered Funds LLC increased its holdings in Outdoor by 6.0% in the 4th quarter. Empowered Funds LLC now owns 772,957 shares of the company’s stock worth $1,322,000 after buying an additional 43,735 shares during the period. Bridgeway Capital Management LLC raised its position in Outdoor by 4.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,054,157 shares of the company’s stock worth $1,803,000 after buying an additional 43,735 shares during the last quarter. Finally, Abel Hall LLC acquired a new stake in Outdoor during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

About Outdoor

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.