![]() ![]() ![]() Gross profit margins shot up to about 37% from 18%. Net revenues, for example, were up 285% to $240.3 million. From here, if AMMO stock can break above resistance, it could potentially test $5 a share, near-term. That said, we are in a strong financial position with a solid balance sheet and a net debt leverage ratio less than 1.0x following five acquisitions in FY22 as well as ample liquidity,” added the CFO.Īfter finding strong support around $3.75, shares of Ammo Inc. “Our fiscal year 2023 guidance reflects these favorable consumer trends while also taking into consideration headwinds related to inflation and supply chain dislocation that we expect to continue for the foreseeable future. “Following two consecutive years of record performance, we continue to experience strong demand across our diverse portfolio of leading brands, driven in part by lifestyle shifts to spending more quality time outdoors,” said Sudhanshu Priyadarshi, CFO, as quoted in a company press release. Diluted EPS jumped to $1.93 from $1.11 year over year as well. EBITDA jumped from $74 million to $153 million. Gross profits were up 58% to $287 million. In its most recent quarter, sales shot up 36% to $809 million. Over the last few weeks, VSTO stock dove from a high of about $40 to $27, but don’t write this one off either. I’d also keep an eye on oversold shares of Vista Outdoor Inc. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |