A $9.00 analyst target provides POWW with a ton of upside potential.
In fact, from Friday's close it provides POWW with over 150% potential upside.
Combine that with POWW's 52-week high of $7.55, and this Nasdaq profile may be significantly undervalued at its current trading level.
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No. 4 POWW Potential Catalyst - Productivity Could Shoot Through The Roof With Addition Of New Manufacturing Plant
AMMO, Inc. Celebrates Grand Opening of State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, WI
New Facility Expected to Triple Current Manufacturing Output to Meet Growing Demand
Company Anticipates Adding 100 Jobs Over the Next Year to Maximize Capacity and Productivity
SCOTTSDALE, Ariz., Sept. 26, 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, celebrated the grand opening of its new 185,000 square foot world-class ammunition manufacturing facility in Manitowoc, WI, on September 22nd.
Alongside AMMO’s Chairman & CEO, Fred Wagenhals, the Company’s senior management team, directors Richard Childress, Harry Markley, Jessica Lockett, Rob Goodmanson, Manitowoc Mayor Justin Nickels, more than 100 attendees, other state and local officials, and a host of news media celebrated and covered the opening of this state-of-the-art ammunition manufacturing facility in a ribbon-cutting ceremony.
Fred Wagenhals, AMMO’s Chairman and CEO, commented on the significant milestone in the Company’s history:
“We are incredibly excited to expand our company’s footprint here in Manitowoc. I’m proud of the entire AMMO team for their hard work on this project, which will provide a solid foundation for the Company’s continued growth in the ammunition and components manufacturing side of our business. The other new plant opportunities we aggressively and diligently explored were substantially more expensive and involved proposed schedules that would have set our operations back considerably. The efforts of the collective AMMO, city of Manitowoc, and General Contractor/Architect teams over the past 18 months were critical to ensuring that the project was executed successfully, on-time and within our budget, with incredibly helpful assistance provided by Mayor Nickels’ team throughout.
We are also grateful for the continued universal support of all of our directors as the team took on this momentous transformational step to stand up this amazing new plant. Their support has been unwavering.
We are excited for the opportunities that this plant will provide for AMMO and the Manitowoc community. This new, state-of-the-art ammunition production facility is part of AMMO’s commitment to developing differentiated, cutting-edge technology and meeting our increased consumer demand as we continue to work to create value for the benefit of all our stakeholders.”
The 185,000 square foot manufacturing plant integrates state-of-the-art capabilities, allowing AMMO to significantly expand production capacity to meet the increased demand for its commercial, military and law enforcement products, both domestically and overseas. The Company currently employs over 300 people in Manitowoc and anticipates hiring another 100 team members over the next year with the completion of the new facility.
Read the full article here.
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No. 5 POWW Potential Catalyst - Distro Network Expansion Through Rollout Of New Product Offerings
AMMO, Inc. Expands Distribution Network with Rollout of Product Offerings to Additional 440 Retail Locations Nationwide and 5 New Distributor Partners, Providing the Company with Access to 10,000+ Nationwide Retailers
SCOTTSDALE, Ariz., Sept. 20, 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, announced the rollout of its full portfolio of loaded ammunition, including its STREAK™ Visual Ammunition, brass casings and munition components, to an additional 440 retail stores in the first two quarters of the Company’s fiscal year throughout the U.S. Included in the rollout were Turner’s Outdoorsman and 5 new distributor partners.
“The significant increase in demand across the commercial market has allowed us to further expand AMMO’s distribution footprint throughout the U.S.,” said Fred Wagenhals, AMMO’s Chairman & CEO. “Adding distribution is critical to building our brand in the industry, and I am confident we will continue to grow our U.S. and international distribution at a rapid pace throughout the course of this fiscal year.”
Wagenhals added: “As anticipated, we are consistently receiving increasingly strong interest in our technologically advanced ammunition from military and law enforcement channels (domestic and abroad), including our patented armor piercing and STREAK™ rounds. We continue to expect this channel to be a fiscal 2023 growth driver.”
Read the full article here.
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POWW Recap - These 5 Potential Catalysts Could Provide A Breakout Spark
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
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Coverage is officially initiated on POWW. When time permits, do this:
