VSTO - AMMO Inc Misfires; Could It Recover?
2024-06-17 09:36:08 ET
Summary
- AMMO Inc experienced a massive one day stock implosion. Does this make it investment worthy?
- The company appears to be at the mercy of inflation. Rising component costs are being passed to the consumer and consumer discretionary income is lower due to inflation as well.
- The annual report shows net losses growing significantly, raising concerns about the company's financial health.
- A potential gun powder shortage could be impacting the industry.
- Yet, it is possible they could turn things around if they vertically integrate. This is one to watch.
I have written and I have invested in AMMO Inc ( POWW ) ( POWWP ) during the last decade. Thankfully I was not invested for the earnings release as the stock experienced a massive one-day implosion as seen in this 1-year chart. The question we ask today is why did this stock drop so much and should we invest in AMMO Inc? ...
AMMO Inc Misfires; Could It Recover?