Outdoor (NASDAQ:POWW) Stock Rating Upgraded by Zacks Research

by · The Cerbat Gem

Outdoor (NASDAQ:POWW – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Several other equities research analysts also recently issued reports on the stock. Roth Capital restated a “buy” rating on shares of Outdoor in a research report on Tuesday, August 11th. Weiss Ratings upgraded Outdoor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Outdoor currently has a consensus rating of “Buy” and an average price target of $2.75.

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Outdoor Price Performance

Shares of POWW opened at $2.31 on Monday. The company’s 50-day moving average is $2.26 and its 200-day moving average is $2.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a market capitalization of $268.10 million, a PE ratio of 77.03 and a beta of 0.98. Outdoor has a fifty-two week low of $1.60 and a fifty-two week high of $2.67.

Outdoor (NASDAQ:POWW – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.02 EPS for the quarter. The business had revenue of $14.48 million during the quarter, compared to the consensus estimate of $13.02 million. Outdoor had a net margin of 12.08% and a return on equity of 1.90%. Equities analysts forecast that Outdoor will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in shares of Outdoor in the second quarter valued at about $25,000. StoneX Group Inc. bought a new position in Outdoor during the third quarter worth about $34,000. Royal Bank of Canada increased its position in Outdoor by 626.3% during the first quarter. Royal Bank of Canada now owns 18,055 shares of the company’s stock worth $36,000 after acquiring an additional 15,569 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Outdoor in the 2nd quarter worth about $55,000. Finally, Aristides Capital LLC acquired a new stake in Outdoor in the 1st quarter worth about $71,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

Outdoor Company Profile

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Outdoor, formerly known as AMMO, Inc., is an outdoor-focused company serving the firearms, hunting, shooting and broader recreation markets. Its principal business is GunBroker.com, an online marketplace that connects buyers and sellers of firearms, ammunition, accessories, sporting goods and related outdoor products, subject to applicable laws and regulations. The company’s marketplace provides product listings, transaction services and related digital tools for its community of consumers, dealers and manufacturers.

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