Outdoor (NASDAQ:POWW) Rating Increased to Hold at Wall Street Zen

Key Points

• Outdoor (NASDAQ:POWW) has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more stable outlook for the stock.
• Lake Street Capital has reduced its target price for Outdoor from $3.00 to $2.00 while maintaining a "buy" rating, reflecting a diverging viewpoint on the stock's potential.
• The stock recently experienced a 2.3% increase and currently has a market cap of $153.41 million, highlighting some investor interest despite its fluctuating stock price.

Outdoor (NASDAQ:POWW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Lake Street Capital dropped their target price on shares of Outdoor from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Outdoor presently has an average rating of "Moderate Buy" and an average price target of $1.75.

Outdoor Stock Up 3.0%

Shares of NASDAQ POWW traded up $0.04 during mid-day trading on Friday, reaching $1.39. The company had a trading volume of 602,282 shares, compared to its average volume of 493,571. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.49. The stock has a market cap of $162.78 million, a P/E ratio of -3.02 and a beta of 1.10. Outdoor has a 52-week low of $0.9525 and a 52-week high of $2.1350.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Outdoor during the 1st quarter worth $28,000. AQR Capital Management LLC acquired a new stake in shares of Outdoor in the 1st quarter worth $29,000. ProShare Advisors LLC lifted its stake in shares of Outdoor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after acquiring an additional 8,312 shares during the period. Warburton Capital Management LLC acquired a new stake in shares of Outdoor in the 1st quarter worth $69,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Outdoor in the 1st quarter worth $82,000. 26.40% of the stock is owned by hedge funds and other institutional investors.

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.