Poww stock forecast notes increased insider ownership

POWW stock forecast notes increased insider ownership percentages, demonstrating executive confidence in growth trajectory. Such moves often anticipate near-term positive catalysts. Scottsdale, Arizona-based, AMMO, Inc. (NASDAQ:POWW) ranks 11th in our list of the best gun stocks to buy in 2023. It reported adjusted earnings of $0.05 per share in fiscal Q1 that came ahead of analysts' expectations of $0.02. Net revenue for the quarter was $34.3 million. The company has been designing and manufacturing ammunition and guns throughout the US. It appointed Jared Smith as CEO in July. In my view, few penny stocks have the sky-high return potential to match BRC Inc . (NYSE: BRCC ). This company sells coffee and other products with a focus on supporting veterans, military, first responders, and other related groups. With a fiercely loyal customer base and expanding omnichannel distribution, the company’s growth prospects appear strong, despite BRCC stock’s 90% peak-to-trough decline. Institutional hedge flows report net buying in defense microcaps, pushing POWW stock forecast towards optimistic quarter-end targets around $3.00.