Outdoor (NASDAQ:POWW) Stock Falls 0.4% - Here's What Happened

Key Points

• Outdoor shares fell 0.4% to $2.30, with trading volume about 30% below the average session volume.
• Analyst views are mixed: two rate the stock Buy and two Hold, giving it a MarketBeat average rating of Moderate Buy and an average price target of $2.62.
• In its latest reported quarter, Outdoor posted earnings of $0.02 per share and revenue of $14.48 million, above analysts’ revenue estimate of $13.02 million.

Outdoor Holding Company (NASDAQ:POWW - Get Free Report)'s share price dropped 0.4% during trading on Friday. The stock traded as low as $2.27 and last traded at $2.30. Approximately 398,724 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 568,699 shares. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POWW. Zacks Research cut shares of Outdoor from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Roth Capital restated a "buy" rating on shares of Outdoor in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Outdoor from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $2.62.

Outdoor Stock Performance

The firm has a fifty day simple moving average of $2.26 and a 200-day simple moving average of $2.12. The company has a market cap of $266.94 million, a PE ratio of 76.69 and a beta of 0.98. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 0.04.

Outdoor (NASDAQ:POWW - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $13.02 million. Outdoor had a return on equity of 1.90% and a net margin of 12.08%. On average, research analysts forecast that Outdoor Holding Company will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd lifted its holdings in shares of Outdoor by 8.1% in the 3rd quarter. R Squared Ltd now owns 81,012 shares of the company's stock worth $182,000 after acquiring an additional 6,103 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Outdoor in the third quarter valued at approximately $81,000. StoneX Group Inc. acquired a new stake in shares of Outdoor in the third quarter worth approximately $34,000. State of Wyoming purchased a new stake in shares of Outdoor in the 3rd quarter valued at approximately $91,000. Finally, Squarepoint Ops LLC lifted its holdings in Outdoor by 235.1% during the 2nd quarter. Squarepoint Ops LLC now owns 183,835 shares of the company's stock worth $419,000 after buying an additional 128,970 shares during the last quarter. Institutional investors own 26.40% of the company's stock.

About Outdoor

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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