Roth MKM analyst Matt Koranda maintained a Hold rating on AMMO (POWW – Research Report) today and set a price target of $1.50. The company’s shares closed yesterday at $1.45.
According to TipRanks, Koranda is a 3-star analyst with an average return of 0.8% and a 39.84% success rate. Koranda covers the Consumer Cyclical sector, focusing on stocks such as Vista Outdoor, The Lovesac Company, and American Outdoor Brands.
AMMO has an analyst consensus of Moderate Buy, with a price target consensus of $2.25.
Based on AMMO’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.95 million and a GAAP net loss of $7.06 million. In comparison, last year the company earned a revenue of $34.25 million and had a GAAP net loss of $1.09 million
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AMMO (POWW) Company Description:
AMMO, Inc. engages in the design, manufacture and sale of ammunition products. It distributes its products under the following brands: Jesse James, SHIELD, and One Precise Shot. The company was founded in November 1990 and is headquartered in Scottsdale, AZ.
