Outdoor (NASDAQ:POWW) Raised 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 research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, Lake Street Capital decreased their price objective on shares of Outdoor from $3.00 to $2.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1.75.

Outdoor Trading Down 0.4%

NASDAQ POWW traded down $0.0050 during trading on Friday, hitting $1.3450. The stock had a trading volume of 33,102 shares, compared to its average volume of 724,739. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.28 and a current ratio of 3.28. The stock has a market capitalization of $157.51 million, a price-to-earnings ratio of -2.92 and a beta of 1.10. Outdoor has a one year low of $0.9525 and a one year high of $2.1350. The stock has a 50 day simple moving average of $1.27 and a 200 day simple moving average of $1.49.

Hedge Funds Weigh In On Outdoor

A number of large investors have recently bought and sold shares of POWW. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Outdoor in the first quarter worth approximately $28,000. ProShare Advisors LLC raised its stake in Outdoor by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after buying an additional 8,312 shares in the last quarter. AQR Capital Management LLC bought a new position in Outdoor in the first quarter worth approximately $29,000. Wells Fargo & Company MN raised its stake in Outdoor by 38.2% in the fourth quarter. Wells Fargo & Company MN now owns 63,169 shares of the company's stock worth $69,000 after buying an additional 17,467 shares in the last quarter. Finally, Warburton Capital Management LLC bought a new position in Outdoor in the first quarter worth approximately $69,000. Institutional investors 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.