Breaking News: (POWW) Pushes Green First Thing After Company Makes Big Announcement This Morning
POWW is making a strong green start today and requires immediate focus.
For one, POWW just dropped this huge news announcement that could start drawing serious attention to the company:
AMMO, Inc. Planned Launch of Proprietary eCommerce Payment Processing
- Internal Management & Control of Payment Processing to Enhance Buyer/Seller Marketplace Experience
- Planned Separation from 3rd Party Processor BitRail Projected to Drive an Additional $5Mn to the Bottom Line in First Full Year of Operation
SCOTTSDALE, Ariz., Oct. 17, 2022 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, is pleased to announce it is scheduled to launch its proprietary eCommerce payment processing platform on or about January 1, 2023.
Fred Wagenhals, AMMO’s Chairman & CEO, commented upon the planned launch, noting “that our team identified a series of leveraging opportunities we saw as available to take the GunBroker.com Marketplace to the next level for users with the end-state being a better experience and corresponding increase in processed transactions and revenue, all of which benefits our shareholders as we continue our work to enhance value. We are confident 2023 will be an exciting year, and this is just the first in a series of Marketplace enhancements you will see coming down the pipe, most of which we identified as the targeting reason for the GunBroker.com acquisition.”
Read the full article here.
On the heels of this big news, POWW has pushed above 2 key lines of potential support in its 5-Day Simple Moving Average (SMA) and its 5-Day Exponential Moving Average (EMA).
Additionally, more potential support could continue to grow at the $3.00 level which could act as a building block for a continued green move near term.
Plus, don't forget. POWW has a $9.00 analyst target and a 52-week high of $7.55. Both represent over 100% potential upside from current trading levels.
That's not to say POWW is going to soar to those levels today, but you need to be aware of the potential upside on this Nasdaq profile.
If you haven't yet, read my initial report below and get POWW on radar quickly today.
Let's be honest. Gun ownership is as American as apple pie, the NFL, and pickup trucks.
Without firearms, the United States wouldn't exist. It would be a British colony at best.
There are more guns than people in the U.S., implying strong sentiment for firearm ownership.
A rise in post-pandemic crime has become the new normal. It has negatively impacted both businesses and individuals alike.
With varying response times for law enforcement agencies, sometimes, people need to act from time to time in the sense of self-preservation.
Look. The firearms industry also hires tons of Americans nationwide. It's not going anywhere.
Cracking down on the sector entirely would equate to careers destroyed, a matter that is also politically unpalatable.
This presents quite the opportunity for gun and ammunition related companies.
So, when I came across one with a strong record of operational execution, revenue growth, a successful track record of acquisitions and integration, I knew I needed to share it with you.
Plus, it doesn't hurt that this company recently dropped a couple huge news announcements signaling even more revenue growth could be right around the corner, and at least one analyst is tagging this profile with a $9.00 target as they believe it's undervalued at current trading levels.
Can't wait any longer? Good. For Monday, October 17th, here's one Nasdaq profile to get to the top of your watch-list:
AMMO, Inc. (POWW)
AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry.
AMMO promotes branded munitions as well as its patented STREAK ™ Visual Ammunition, /stelTH/ ™subsonic munitions, and specialty rounds for military and law enforcement use via government programs.
And based on 5 key potential breakout catalysts, POWW needs immediate attention. Check them out:
No. 1 - Company To Launch New Marketing Suite Of Services (New Revenue Generator)
No. 2 - A New Revenue Generating Ammunition? Potential For $80Mn New Revenue
No. 3 - Analyst $9.00 Target Provides Over 150% Potential Upside From Friday's Close
No. 4 - Productivity Could Shoot Through The Roof With Addition Of New Manufacturing Plant
No. 5 - Distro Network Expansion Through Rollout Of New Product Offerings
But more on those in a second...
AMMO, Inc. (POWW) - The Quick Company Overview
AMMO, Inc. is a technology-driven ammunition manufacturing and marketplace company.
Action Outdoor Sports (Manufacturing)
- Engages in the design, production, and marketing of ammunition and ammunition component products
- Serves a variety of markets, including law enforcement, military, sports shooting, and self-defense
- Recently opened 185K sq. ft. state-of-the-art manufacturing plant in Manitowoc, WI that is expected to triple the current manufacturing output and provide up to $1Mn in operational efficiencies
Outdoor Online (Marketplace)
- GunBroker.com is a marketplace of 6+ million users supporting the lawful sale of firearms, ammunition, and hunting/shooting accessories
- Deep network of FFL partners and unmatched scale in a large addressable market
- Proprietary operating platform, market-leading secure transactional technology and robust compliance protocols