$POWW Stock Bullish Option Flow Detected

  • Post category:Options Trading
  • Reading time:4 mins read
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Bullish option flow was detected in POWW stock on October 25, 2021.

Option Flow In POWW Stock

POWW stock options flow on October 25, 2021, is mildly bullish.

Make sure to review this lesson on option flow so that you understand the image above.

AMMO raises Q2 revenue view to $55M from $51M, two est. $52.6M

On September 27, 2021, the company said, “The increase in our second fiscal quarter revenue estimate reflects continued momentum across our entire business,” said Fred Wagenhals, AMMO, Inc.’s Chairman and CEO. “Transaction activity at our leading marketplace platform, GunBroker.com, remains more robust, even when compared to last year’s record setting performance. We are also in the midst of implementing several key initiatives to accelerate the marketplace’s growth, including engaging with manufacturers, distributors and importers to expand the marketplace offerings, while also expanding GunBroker.com’s customer service team with 11 new hires and more to follow.”

Mr. Wagenhals further noted that “the growth in our core ammunition business continues to be driven by strong underlying demand for our unique, high-performance products, coupled with ongoing efforts to increase capacity. Since consolidating all manufacturing operations this past April in our Manitowoc, Wisconsin plant, we have doubled our priming and loading capacity, and increased our brass manufacturing capacity by approximately 15%. And there are more production enhancements planned for operational deployment shortly. Finally, our team continues their work to bring our new world-class plant online and fully operational without production down-time in the Summer of 2022, on schedule and within budget.”

AMMO, Inc. Awarded U.S. Department of Defense Contract for the Development and Manufacture of Signature-on-Target Rounds

On September 23, 2021, AMMO, Inc. (NASDAQ: POWW & POWWP) announced it has been awarded a contract by the Irregular Warfare Technical Support Directorate (IWTSD), formerly CTTSO, formed and operating under the U.S. Department of Defense, to design and manufacture signature-on-target rounds (SoT) in support of U.S. military operations.

The SoT ammunition is being developed to provide warfighters with the ability to see the impact of rounds fired from their weapon systems on a wider variety of targets, both day and night. The SoT ammunition allows the machine gunner to see bullet impacts without a visible signature in flight exposing their firing location in the manner which occurs with currently utilized tracer ammunition. This advanced capability will increase survivability by reducing firing position identification and increase lethality by supporting the shooter’s ability to place more rounds on target and in the beaten zone.

“AMMO is extremely proud of this contract award and the expansion of its development efforts and focused support of IWTSD’s critical work with the tactical operators we both serve. These operators have special needs and this program was developed to address two of the most critical – safety and increased lethality,” said Fred Wagenhals, AMMO’s Chairman and CEO.

POWW Stock Technical Analysis

POWW has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when POWW stock presents a good entry opportunity.

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