AMMO (POWW) AI Stock Analysis

• Market Cap: $187.38M
• Dividend Yield: N/A
• Average Volume (3M): 609.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: -11.01%
• EPS Growth: -279.70%
• Country: US
• Employees: 374
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.01
• Shares Outstanding: 117,110,825
• 10 Day Avg. Volume: 350,399
• 30 Day Avg. Volume: 609,700
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 3.29
• P/FCF Ratio: -19.17
• Enterprise Value/Market Cap: 0.59
• Enterprise Value/Revenue: 10.09
• Enterprise Value/Gross Profit: 2.35
• Enterprise Value/Ebitda: -4.51
• 1Y Price Target: $2.38
• Price Target Upside: 38.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $1.50 ▼(-12.79% Downside)

The overall stock score is primarily impacted by AMMO's financial struggles, with significant losses and cash flow issues. Technical analysis provides some neutral support, but the negative valuation metrics further weigh down the score.

AMMO Business Overview & Revenue Model

Company Description

Outdoor Holding Company engages in online marketplace business. It owns and operates the GunBroker e-commerce marketplace, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories. The company is also involved in banner advertising campaign activities. Outdoor Holding Company was formerly known as AMMO, Inc. and changed its name to Outdoor Holding Company in April 2025. Outdoor Holding Company is headquartered in Scottsdale, Arizona.

How the Company Makes Money

AMMO generates revenue through the sale of its ammunition products to various customer segments, including individual consumers, law enforcement agencies, and military contracts. The company's primary revenue streams include direct sales through retail channels, online sales, and bulk sales to governmental and defense entities. Additionally, AMMO leverages strategic partnerships with distributors and wholesalers to expand its market reach. The company's focus on innovation and quality helps to maintain strong customer loyalty and repeat business, while fluctuations in demand for ammunition can impact revenue. Seasonal trends, such as increased sales during hunting seasons and around major holidays, also play a role in the company’s financial performance.

AMMO Financial Statement Overview

Summary

AMMO faces significant financial challenges, particularly in terms of profitability and cash flow. The income statement highlights substantial losses and declining revenues, while the balance sheet shows low leverage but negative returns on equity. Cash flow issues further compound these challenges, underscoring the need for strategic improvements to stabilize and grow the business.

Income Statement

The income statement reveals significant challenges, with a sharp decline in revenue growth and negative profit margins. The TTM data shows a drastic revenue drop of 64.13% and a net profit margin of -9.99%, indicating substantial losses. Historical data also reflects a consistent struggle with profitability, as seen in negative EBIT and EBITDA margins. The company needs to address these issues to improve its financial health.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.0475 in the TTM, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' investments. The equity ratio remains stable, but the negative ROE highlights the need for improved profitability.

Cash Flow

Cash flow analysis indicates challenges, with negative free cash flow growth and a low operating cash flow to net income ratio. The TTM data shows a significant decline in free cash flow, and the free cash flow to net income ratio is negative, reflecting cash flow issues. The company must enhance its cash generation capabilities to support operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.87M	49.40M	53.94M	63.15M	240.27M	62.48M
Gross Profit	46.71M	42.93M	46.28M	54.03M	88.72M	11.39M
EBITDA	-24.30M	-45.26M	6.59M	15.05M	45.96M	73.56K
Net Income	-108.70M	-130.83M	-16.59M	-8.77M	25.87M	-7.81M
Balance Sheet
Total Assets	270.27M	297.33M	403.04M	412.34M	414.18M	179.38M
Cash, Cash Equivalents and Short-Term Investments	65.67M	30.23M	55.59M	39.13M	23.28M	118.34M
Total Debt	11.19M	1.56M	13.10M	14.86M	5.14M	10.61M
Total Liabilities	34.86M	75.30M	44.99M	39.74M	39.87M	19.03M
Stockholders Equity	235.42M	222.03M	358.05M	372.60M	374.30M	160.35M
Cash Flow
Free Cash Flow	-778.04K	-13.51M	29.98M	23.02M	-17.45M	-21.85M
Operating Cash Flow	1.37M	-10.11M	32.64M	35.56M	1.77M	-14.42M
Investing Cash Flow	39.27M	-5.48M	-8.02M	-12.54M	-69.68M	-7.44M
Financing Cash Flow	-2.01M	-9.77M	-8.66M	-6.66M	-27.15M	139.31M

AMMO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For POWW, the sentiment is Positive. The current price of 1.72 is above the 20-day moving average (MA) of 1.69, above the 50-day MA of 1.57, and above the 200-day MA of 1.51, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 53.21 is Neutral, neither overbought nor oversold. The STOCH value of 20.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for POWW.

AMMO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYRN	64 Neutral	$392.70M	25.33	29.71%	―	50.99%	612.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGR	57 Neutral	$469.08M	227.36	0.87%	5.41%	3.90%	-92.10%
POWW	49 Neutral	$187.38M	-3.06	―	―	-11.01%	-279.70%
SWBI	49 Neutral	$377.79M	31.43	3.27%	6.10%	-7.25%	-63.58%
PEW	43 Neutral	$101.15M	―	-1.16%	―	―	-116.40%
SPAI	39 Underperform	$82.21M	―	-193.70%	―	―	―

AMMO Corporate Events

AMMO COO Elizabeth Cross Announces Resignation

Elizabeth Cross, the Chief Operating Officer of the GunBroker division at Outdoor Holding Company, announced her resignation on November 14, 2025, effective November 28, 2025. Her departure was not due to any disagreements with the company’s operations, policies, or practices, indicating a smooth transition for the company.

The most recent analyst rating on (POWW) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on AMMO stock, see the POWW Stock Forecast page.

Outdoor Holding Company Returns to Profitability

Outdoor Holding Company, a prominent player in the e-commerce sector, operates GunBroker.com, the largest online marketplace for firearms and related products. The company recently reported its financial results for the second fiscal quarter of 2026, highlighting a return to profitability with a net income from continuing operations of $1.40 million, marking a significant turnaround from previous losses.

AMMO Exercises Prepayment Option with Warrant Issuance

Outdoor Holding Company, through its subsidiary Speedlight Group I, LLC, entered into a settlement agreement with Steven F. Urvan and certain former board members, effective May 30, 2025. As part of the agreement, the company issued a $39 million unsecured promissory note to GDI Air III LLC, an affiliate of Mr. Urvan. Following stockholder approval at the 2025 Annual Meeting, the company exercised a prepayment option on September 17, 2025, issuing a warrant to purchase 13 million shares, thereby fulfilling its obligations under the note.

The most recent analyst rating on (POWW) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on AMMO stock, see the POWW Stock Forecast page.

AMMO Announces Separation Agreement with Tod Wagenhals

On September 10, 2025, Tod Wagenhals resigned as Secretary of Outdoor Holding Company, effective immediately, and will step down as Executive Vice President on December 31, 2025. Jordan Christensen, the Chief Legal Officer, has been appointed as the new Secretary. On September 16, 2025, Wagenhals and the company entered into a separation agreement, entitling him to a cash severance payment of $230,000, reimbursement of business expenses, and a lump sum for unused vacation time. The agreement also includes COBRA health coverage for one month and requires Wagenhals to release claims against the company and adhere to confidentiality and non-disparagement covenants.

The most recent analyst rating on (POWW) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on AMMO stock, see the POWW Stock Forecast page.

AMMO Regains Nasdaq Compliance After Stockholder Meeting

On August 29, 2025, Outdoor Holding Company held its Annual Meeting of Stockholders, where all proposals were approved, including the election of directors and the ratification of an independent accounting firm. This meeting enabled the company to regain compliance with Nasdaq Listing Rule 5620(a), following a series of deficiency notices. The company has improved its internal processes and governance, positioning itself to focus on accelerating growth in its core online business and enhancing long-term stockholder value.

The most recent analyst rating on (POWW) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on AMMO stock, see the POWW Stock Forecast page.