AMMO Stock (NASDAQ:POWW), Trade Ideas

AMMO

AMMO Inc is the owner of GunBroker.com, the online marketplace serving the firearms and shooting sports industries, and a vertically integrated producer of high-performance ammunition and components. It engages in the design, manufacture, and market of ammunition products in the Shooting sports industry in the United States. The firm's product segment comprises Ammunition and Marketplace. The Ammunition segment engages in the design, production, and marketing of ammunition and ammunition component products and the marketplace segment consists of the GunBroker.com marketplace. The company generates the majority of its revenue from the Ammunition segment.

Long Ideas

News

Penny Stocks

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

CTHR

POWW

PSIX

Editor&#39;s Note: This article has been updated to correctly describe E.W. Scripps as a media company that owns and operates television stations, national TV networks, and digital media outlets.

Charles &amp; Colvard And 3 Other Penny Stocks Insiders Are Buying (CORRECTED)

Short Ideas

ATER

VSCO

As of Feb. 12, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Consumer Stocks That May Implode This Month

Gun violence

Equities

Government

Regulations

Politics

SWBI

Trump&#39;s niece Tuesday slammed the Republicans for their stance on gun laws and said they are capitalizing on the paranoia.

Trump&#39;s Niece Warns Republicans &#39;Banking on Paranoia&#39; After Maine Mass Shooting: &#39;Fear That...Lurks Almost Constantly&#39;

AMMO Inc

AMMO, Inc. - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock

Options

JMIA

Jumia Technologies Option Alert: Fri $5.5 Calls Sweep (8) near the Ask: 1000 @ $0.444 vs 818 OI; Earnings 5/7 Before Open Ref=$5.3

<p>Needham  analyst Mayank Tandon   downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Buy to Hold.</p>


Downgrades

Analyst Ratings

PRFT

Needham Downgrades Perficient to Hold

<p>BWS Financial  analyst Hamed Khorsand   maintains Shenandoah (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHEN#NASDAQ">SHEN</a>) with a Buy and maintains $26 price target.</p>


Price Target

SHEN

BWS Financial Maintains Buy on Shenandoah, Maintains $26 Price Target

<p><strong>Murphy USA's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>) short percent of float has fallen 7.03% since its last report. The company recently reported that it has <strong>1.32 million shares sold short</strong>, which is 7.01% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 7.26 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Murphy USA Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715006721_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Murphy USA has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Murphy USA's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Murphy USA's peer group average for short interest as a percentage of float is 11.96%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

MUSA

(MUSA) - Analyzing Murphy USA's Short Interest

<p><strong>Leggett &amp; Platt's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) short percent of float has fallen 12.33% since its last report. The company recently reported that it has <strong>8.30 million shares sold short</strong>, which is 7.25% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.44 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Leggett &amp; Platt Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715006716_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Leggett &amp; Platt has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Leggett &amp; Platt's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Leggett &amp; Platt's peer group average for short interest as a percentage of float is 6.62%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into Leggett & Platt's Recent Short Interest

<p><strong>Ryder System's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) short percent of float has fallen 9.04% since its last report. The company recently reported that it has <strong>510 thousand shares sold short</strong>, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.13 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Ryder System Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715006711_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Ryder System has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Ryder System's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ryder System's peer group average for short interest as a percentage of float is 4.76%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into Ryder System's Recent Short Interest

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates VYNE Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYNE#NASDAQ">VYNE</a>) with a Buy and maintains $5.75 price target.</p>


Reiteration

VYNE

HC Wainwright & Co. Reiterates Buy on VYNE Therapeutics, Maintains $5.75 Price Target

SAVE

Spirit Airlines Exec Says Could End 2025 With Somewhere Around 70 Aircraft On The Ground From Pratt & Whitney Engine Issue

WIIM

GameStop shares are trading lower after surging late Friday.

Guidance

Management

Spirit Airlines Exec Says Will Need To Furlough Up To 260 Pilots In September; Plan Right Sizing Initiatives Throughout The Business As Year Progresses To Achieve $100M Cost Reduction Goal; Current Plan Is To Have Resolution With Both Loyalty Bond And Convertible Notes Holders This Summer; Impact On Our Business Associated With Pratt Engine Issues Cannot Be Understated

GameStop Option Alert: May 17 $15 Calls Sweep (5) near the Ask: 3109 @ $2.5 vs 27218 OI; Earnings 6/5 After Close [est] Ref=$15.017

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Lineage Cell Therapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LCTX#AMEX">LCTX</a>) with a Buy and maintains $7 price target.</p>


LCTX

HC Wainwright & Co. Reiterates Buy on Lineage Cell Therapeutics, Maintains $7 Price Target

Biotech

Rumors

General

GOSS

Watching Gossamer Bio; Traders Circulate Unconfirmed Analyst Comments Suggesting Partnership With Chiesi Group Is A Major Win For Seralutinib Development; Partnership Further Increases PoS For The Development Of Seralutinib As A Best In-Class Therapeutic; Reiterates Buy Rating And $15 PT

<p><strong>ALLETE, Inc.</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALE#NYSE">ALE</a>) inked a deal to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners for $6.2 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38637687/allete-enters-agreement-to-be-acquired-by-a-partnership-led-by-canada-pension-plan-investment-boar" rel="noreferrer noopener">including the assumption of debt</a>.</p>
<p>As per the terms, CPP Investments and GIP will acquire ALLETE for $67.00 per share in cash, representing&nbsp;an premium&nbsp;of around 19.1% to ALLETE&#8217;s closing share price on December 4, 2023, the date&nbsp;prior to&nbsp;a media article reporting that ALLETE was exploring a sale. The consideration also represents a&nbsp;22.1%&nbsp;premium to the 30-day volume weighted average share price&nbsp;prior to&nbsp;that date.</p>
<p>The acquisition,&nbsp;which was&nbsp;unanimously approved by the Board of Directors, is expected to close in mid-2025, subject to customary closing conditions.&nbsp;</p>
<p>Post&nbsp;deal-completion, ALLETE&#8217;s shares will no longer trade on the New York Stock&nbsp;Exchange,&nbsp;and&nbsp;will&nbsp;become a private company.</p>
<p>&#8220;Our &#8216;Sustainability-in-Action&#8217; strategy has secured ALLETE&#8217;s place as a clean-energy leader. Through this transaction with CPP Investments and GIP, we will have access to the capital we need while keeping our customers, communities and co-workers at the forefront of all that we do, with continuity of our day-to-day operations, strategy and shared purpose and values,&#8221; said ALLETE Chair, President, and Chief Executive Officer Bethany Owen.</p>
<p>Bayo Ogunlesi, GIP&#8217;s Chairman and Chief Executive&nbsp;Officer&nbsp;said, &#8220;GIP, alongside CPP Investments, look forward to partnering to provide ALLETE with additional capital so they can continue to decarbonize their business to benefit the customers and communities they serve. Bringing together ALLETE, with its demonstrated commitment to clean energy, with GIP, one of the world&#8217;s premier developers of renewable power, furthers our commitment to serve growing market needs for affordable, carbon-free and more secure sources of energy.&#8221;</p>
<p>In&nbsp;Februrary, ALLETE&nbsp;reported fourth-quarter FY23 EPS&nbsp;of $0.89&nbsp;missing&nbsp;the consensus of&nbsp;$0.97&nbsp;and&nbsp;sales of&nbsp;$402.70&nbsp;million&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37207600/allete-inc-reports-2023-earnings-of-4-30-per-share-clean-energy-transition-drives-4-3-billion-capi" rel="noreferrer noopener">missed the estimate of $425.30 million</a>.</p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>VictoryShares US Small Cap High Div Volatility Wtd ETF&nbsp;</strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSB#NASDAQ">CSB</a>) and&nbsp;<strong>Affinity World Leaders Equity ETF Hypatia Women CEO ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCEO#NYSE">WCEO</a>).</p>
<p><strong>Price Action</strong>: ALE shares are down 1.27% at $63.46 at the last check Monday.</p>
<p><em>Image sourced from Shutterstock</em></p>


Mid Cap

WCEO

Electric Services Company ALLETE Going Green And Private: Details

<p>Barrington Research  analyst James Goss   reinstates Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $24 price target.</p>


Initiation

Barrington Research Reinstates Outperform on Cinemark Hldgs, Maintains $24 Price Target

<p>Needham  analyst John Todaro   reiterates Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) with a Hold.</p>


HOOD

Needham Reiterates Hold on Robinhood Markets

<p>Barrington Research  analyst Kevin Steinke   maintains Cross Country Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCRN#NASDAQ">CCRN</a>) with a Outperform and lowers the price target from $24 to $21.</p>


CCRN

Barrington Research Maintains Outperform on Cross Country Healthcare, Lowers Price Target to $21

QMCO

Quantum shares are trading higher after the company announced its updated plan to regain compliance with the Nasdaq.

American Airlines Gr Option Alert: Fri $14.5 Calls Sweep (12) near the Ask: 5000 @ $0.061 vs 4217 OI; Ref=$14.055

<p>Needham  analyst Joseph Stringer   reiterates Stoke Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STOK#NASDAQ">STOK</a>) with a Buy and maintains $22 price target.</p>


STOK

Needham Reiterates Buy on Stoke Therapeutics, Maintains $22 Price Target

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investing in small-cap stocks offers multiple advantages for those looking to diversify their portfolios with potential high-growth opportunities efficiently. Small-cap stocks strike a unique balance between the relatively nascent microcap sphere and the more mature mid and large-cap segments. They boast the established foundations needed for stability yet remain agile enough to promise significant long and medium-term growth prospects. This category is especially appealing because these companies, still in their growth phases, are primed to deliver superior returns compared to their larger counterparts. </p>



<p>Small-cap stocks present a golden opportunity for investors to discover undervalued market players, often overlooked by analysts, and invest in the early stages of what could be tomorrow&rsquo;s industry leaders. Despite their inherent volatility, these stocks are key to achieving a well-rounded, growth-oriented investment strategy that can effectively outperform the broader market over time.</p>



<h2>Small-Cap Stocks To Buy: Dorian (LPG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/lpg1600-300x169.png" alt="Ship tanker gas LPG, Aerial view Liquefied Petroleum Gas (LPG) tanker, Tanker ship logistic and transportation business oil and gas industry, Loading arm oil and gas offshore platforms."><div>Source: Avigator Fortuner / Shutterstock.com</div></div><p><strong>Dorian</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/lpg-stock-quote/"><strong>LPG</strong></a>) efficiently sails through the lucrative waters of liquefied petroleum gas transportation with remarkable aplomb, with its fleet of 25 large gas carriers (VLGCs), boasting a combined capacity of 2.1 million cubic meters. This powerful asset base positions the firm to efficiently capitalize on the growing demand and prices of fuel products, underlining its prowess in navigating the dynamics of global energy markets.</p>



<p>In an enviable display of operational excellence, Dorian LPG reported a near-record time charter equivalent (TCE) of $76,337 per day during the third quarter, a testament to its robust market positioning and savvy business strategy. This remarkable performance resulted in <a href="https://seekingalpha.com/pr/19609423-dorian-lpg-ltd-announces-third-quarter-fiscal-year-2024-financial-results?hasComeFromMpArticle=false">an adjusted EBITDA of $133 million</a>, the highest in its history. Moreover, LPG stock trades at a <a href="https://seekingalpha.com/symbol/LPG/valuation/metrics">remarkable 4.6 times Non-GAAP</a> forward earnings estimates, roughly 52.6% lower than its 5-year average. Additionally, the stock is <a href="https://seekingalpha.com/symbol/LPG/momentum/performance">up almost 49% in the past six months</a>, which makes it an excellent time to add it to your portfolios.&nbsp;&nbsp;&nbsp;</p>



<h2>Zymeworks&rsquo; (ZYME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cancer-300x169.jpg" alt="A variety of pills, pill bottles, and droppers arranged on a table in multiple bright colors."><div>Source: Shutterstock</div></div><p><strong>Zymeworks&rsquo;&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/zyme-stock-quote/"><strong>ZYME</strong></a>) is a true trailblazer in the biopharmaceutical sector with a keen focus on cancer treatment innovations. Through its strategic partnerships, including a major collaboration with <strong>Johnson &amp; Johnson</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/"><strong>JNJ</strong></a>), the company is advancing its presence in preclinical and phase one trials, showcasing its commitment to revolutionizing cancer care. Moreover, the recent earnings report for the third quarter paints a promising picture of Zymeworks&rsquo; trajectory, with <a href="https://ir.zymeworks.com/news-releases/news-release-details/zymeworks-provides-corporate-update-and-reports-third-quarter-0">total revenue skyrocketing more than sixfold</a> along with a 40% reduction in net loss compared to the prior-year period.</p>



<p>Furthermore, this financial uptrend is underpinned by an <a href="https://seekingalpha.com/symbol/ZYME/balance-sheet">impressive cash reserve of $295 million</a> against a minimal debt load of $26 million. Additionally, this substantial funding ensures the company&rsquo;s ability to sustain operations with more than 10 quarters of cash burn at the current rate. The recent surge in share price by over 40% in the last six months underscores the market&rsquo;s growing confidence in Zymeworks&rsquo; earnings growth and product rollout strategy, positioning as a strong player in its lucrative niche.</p>



<h2>Ammo Inc (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg" alt="many ammunition bullets pattern background"><div>Source: ThomasLENNE / Shutterstock.com</div></div><p><strong>Ammo Inc</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/poww-stock-quote/"><strong>POWW</strong></a>) stands out as a stock with explosive return potential, navigating the volatile penny stock landscape with a remarkably promising outlook. Amid the aftermath of global conflicts, such as the Russia-Ukraine crisis, the company is positioned well to capitalize on the urgent need for ammunition replenishment that governments face globally. With a substantial retail market to tap into, Ammo is setting the stage for significant growth despite economic fluctuations.</p>



<p>The recent geopolitical tensions have effectively shed light on a critical oversight which is the severe neglect of ammunition and artillery stockpiles by NATO allies.&nbsp;With estimates suggesting a monumental effort spanning years, to rebuild these vital reserves, Ammo Inc. finds itself at the center of a burgeoning demand. This scenario is further amplified <a href="https://www.pewresearch.org/short-reads/2023/09/13/key-facts-about-americans-and-guns/">by comments from the Pew Research Center</a> which show that firearms are part of the cultural fabric of the U.S., Additionally, the U.S. political landscape could further amplify demand for Ammo directly or indirectly boosting firearm sales</p>



<h2>Bank of Butterfield&rsquo;s (NTB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/stocks-to-buy-1600-300x169.jpg" alt="Stocks to buy: smartphone with the words &quot;buy&quot; and &quot;sell&quot; displayed on the screen. The user's finger is about to press buy. Stock charts are in the background of the image. Momentum Stocks. S&amp;P 600 Stocks to Buy"><div>Source: Chompoo Suriyo / Shutterstock.com</div></div><p><strong>Bank of Butterfield&rsquo;s</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ntb-stock-quote/"><strong>NTB</strong></a>) , based in Bermuda, continues to shine as a beacon for investors seeking high-yield dividend opportunities. With a forward dividend yield of 6%, NTB presents an attractive long-term proposition for those looking to diversify their portfolios with a stock offering substantial income potential along with significant capital appreciation. This allure is magnified by the bank&rsquo;s trading metrics, boasting an enticing valuation at just 6.3 times forward earnings, suggesting a bargain entry point for investors.</p>



<p>In its latest financial disclosures, NTB demonstrated commendable performance, with <a href="https://seekingalpha.com/news/4065782-the-bank-of-nt-butterfield-son-non-gaap-eps-of-115-beats-by-004-revenue-of-1449m-beats-by-356m">a Q4 Non-GAAP EPS of $1.15</a>, surpassing estimates by four cents. This result is further augmented by a revenue of $144.9 million, marking a slight decrease of 2.4% year-over-year, while managing to exceed expectations by $3.56 million. Such figures are indicative of the bank&rsquo;s robust operational efficiency and its ability to navigate the financial landscape effectively. Notably, NTB&rsquo;s financial health is underscored by an impressive return on average common equity of 22.5% and an even more remarkable core return on average tangible common equity of 25.4%.</p>



<h2>Arcos Dorados (ARCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/stockstobuy1600_11-300x169.jpg" alt='a green button on a keyboard has an arrow pointing upward with the word "Buy". bill ackman stocks'><div>Source: AdityaB. Photography/ShutterStock.com</div></div><p><strong>Arcos Dorados</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/arco-stock-quote/"><strong>ARCO</strong></a>), the largest McDonald&rsquo;s franchisee globally, presents itself as a beacon of resilience and growth in the restaurant sector. With an expansive footprint of more than 2,300 outlets across Latin America, ARCO has navigated through testing times, including the devastating impacts of the pandemic, to emerge even stronger. This rebound is a testament to the company&rsquo;s impressive operational strategies and its unwavering commitment to top-line expansion.</p>



<p>Financially, ARCO is on an impressive trajectory. The company&rsquo;s latest quarterly report <a href="https://seekingalpha.com/pr/19539871-arcos-dorados-reports-third-quarter-2023-financial-results">reveals revenue of $1.1 billion</a>, marking a 22% bump year-over-year and outperforming expectations by $36.6 million. The earnings per share also blew past forecasts at 28 cents, evidencing the company&rsquo;s strong financial health and operational efficiency. With plans to aggressively expand by opening 80 to 90 new locations in 2024, ARCO&rsquo;s growth prospects appear bright. Moreover, the company&rsquo;s substantial cash reserves of over $250 million and a profit of $60 million in the last quarter alone provide solid reassurance of its ability to manage debt effectively.</p>



<h2>Build-A-Bear Workshop (BBW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/bbw-stock-1-300x169.jpg" alt="A Build-A-Bear (BBW) storefront in Philadelphia, Pennsylvania."><div>Source: Helen89 / Shutterstock.com</div></div><p>St. Louis, Missouri-based <strong>Build-A-Bear Workshop</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/bbw-stock-quote/"><strong>BBW</strong></a>), renowned for its personalized teddy bears and other stuffed animals, offers an incredibly interactive experience which distinguishes it in the retail sphere. It operates in a sector that is expected to grow by 4.5% through 2028, from its lofty valuation of $24.3 billion in 2028.</p>



<p>BBW&rsquo;s financial health is particularly impressive, with EBITDA Growth year-over-year soaring at 19.06%, starkly contrasts with the sector median of -1.63%. This superb performance indicates a significant turnaround and underscores BBW&rsquo;s operational efficiency and profitability. Moreover, the company&rsquo;s revenue growth further solidifies its market position, <a href="https://seekingalpha.com/symbol/BBW/growth">registering a 6.4% year-over-year increase</a> while surpassing the sector median by 41%. Looking ahead, BBW&rsquo;s forward EBITDA growth is expected to remain robust at 10.3%, which is 271.4% above the sector median, highlighting the company&rsquo;s promising growth trajectory.</p>



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/oilandgasstocks1600-300x169.png" alt="Panorama of Oil and Gas central processing platform in twilight, offshore hard work occupation twenty four working hours. Best oil stocks to buy"><div>Source: Oil and Gas Photographer / Shutterstock.com</div></div><p><strong>Ring Energy</strong>&nbsp;(NYSEMKT:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/"><strong>REI</strong></a>), a forerunner in the independent oil and natural gas exploration and production space, operates with impressive acumen across Texas and New Mexico. This company distinguishes itself by a commitment to financial prudence, mainly through debt reduction and shrewdly timed acquisitions. Such measures have not only fortified its balance sheet but also poised Ring Energy for augmented cash flow through increased oil production.</p>



<p>The company&rsquo;s financial metrics narrate a tale of stability in the past year. With a debt-to-equity range that has seen a low of 0.04, and a median of 0.67, its current debt-to-equity ratio stands at 0.59 mirrors this judicious financial philosophy. Moreover, <a href="https://seekingalpha.com/symbol/REI/profitability">an EBITDA margin of 55.86%</a> trailing-twelve-month significantly outperforms the sector median by 21.25%, complemented by a net income margin TTM of 19.99%, which, despite a slight decline from the company&rsquo;s five-year average, still towers above the sector&rsquo;s 13.05%.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/7-small-cap-stocks-with-significant-upside-potential-in-2024/">7 Small-Cap Stocks With Significant Upside Potential in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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AMMO, Inc. 8.75% PFD SER A declares $0.553 dividend

AMMO Q3: Revenue Slump Isn't My Main Concern

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>After a nearly two-year rally, many well-known big <a href="https://investorplace.com/industries/technology/">tech stocks</a> have valuations that look stretched, meaning this recent rally could be due for a breather. So, where do savvy investors put their money to work now in search of the next generation of multibagger returns? In my experience, times like these are well-suited for investors who are willing to find under-the-radar <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> that have been mostly left behind by the rally. The companies I&rsquo;m going to discuss in this article fit this profile, and have tremendous upside potential, if they continue to execute and see their growth trajectories attract more positive Wall Street attention.</p>



<p>In my view, these seven lesser-known growth stocks have triple-digit upside potential in the coming years. These businesses have quietly continued to execute and grow at impressive clips, while Wall Street has looked the other way. Once the spotlight shifts, these stocks could experience a surge of investor interest and deliver outsized returns for early believers. </p>



<p>Let&rsquo;s have a look!</p>



<h2>Remitly (RELY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/online-banking-1600-300x169.png" alt="Online banking. Person using online banking platform on phone"><div>Source: PopTika / Shutterstock</div></div><p><strong>Remitly</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rely-stock-quote/"><strong>RELY</strong></a>) is an American online remittance service company, enabling convenient international money transfers to over 150 countries. The company has executed very impressively in recent years, delivering fast growth as digital remittances gain popularity. Indeed, I believe several powerful mega trends will continue propelling Remitly higher over the next decade.</p>



<p>First, record levels of migration into the U.S. mean more foreign-born workers sending money abroad to support families. Around 20% of the U.S. workforce is currently foreign-born, which should continue climbing as acute labor shortages persist. Shortages are especially severe in blue-collar jobs that most native-born Americans are unwilling to take, like manufacturing, cleaning services, food service, and agriculture. The migrants filling these roles reliably send large sums of their wages back home every month. With U.S. remittance outflows towering at $79 billion in 2022, that figure is likely dramatically higher in 2024.</p>



<p>In addition, digital transfer services like Remitly are grabbing market share from traditional cash-based brokers thanks to better rates. Remitly&rsquo;s app makes sending money abroad &ldquo;as easy as online shopping.&rdquo;</p>



<p>Analysts <a href="https://seekingalpha.com/symbol/RELY/earnings/estimates" target="_blank">estimate Remitly&rsquo;s earnings per share will quadruple</a> between 2024 and 2028, driven by 32%+ annual revenue growth. While RELY stock may look expensive today (trading at nearly 50-times forward earnings), its blistering growth trajectory justifies the sizable premium. And at only 3-times sales amid surging profitability that&rsquo;s clearly still in its early innings, I see sizable upside for RELY stock, even after its recent rally.</p>



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/li1600-2-300x169.png" alt="The steering wheel and dashboard inside Li Auto electric car. Interior of Li Auto EV. Li Auto Also known as Li Xiang, is a Chinese electric vehicle company"><div>Source: Robert Way / Shutterstock.com</div></div><p><strong>Li Auto</strong> (NYSE:<a href="https://investorplace.com/cryptocurrency/li/"><strong>LI</strong></a>) has excelled in recent quarters, performing even better than my previous optimistic expectations. The Chinese electric vehicle maker <a href="https://www.marketwatch.com/story/li-auto-shares-gain-20-after-big-earnings-beat-solid-2024-plans-cb0d83ad" target="_blank">just reported fourth-quarter revenue</a> that doubled year-over-year to $5.8 billion. The company delivered nearly three times as many vehicles versus last year, mainly led by surging demand for Li Auto&rsquo;s large, premium SUVs. Quarterly profit also doubled year-over-year, capping a standout 2023, where Li Auto generated its first-ever annual profit.</p>



<p>Bullishly, management issued rosy guidance for 2024 in its recent earnings report. Additionally, Li Auto plans to launch five brand new models this year, targeting up to 800,000 total vehicles sold. I won&rsquo;t be surprised if that target is easily surpassed.</p>



<p>I view Li Auto as arguably the most exciting electric vehicle stock right now, thanks to its leading position in China and immense growth trajectory. Despite its pristine growth outlook, shares still trade at a modest 1.5-times forward sales multiple. That&rsquo;s nothing compared to rivals that are struggling in this environment.</p>



<p>As China&rsquo;s economy rebounds from disruptions with stimulus and global interest rates decline, Li Auto looks poised to utterly dominate the Chinese EV sector for years. Its success can also now translate overseas into under-penetrated markets in Europe. </p>



<h2>Grab Holdings (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/grab-300x169.jpg" alt="A group of Grab riders on motorbikes in Bangkok, Thailand."><div>Source: Twinsterphoto / Shutterstock.com</div></div><p><strong>Grab Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a>) operates the largest ride-hailing and delivery platform across major Southeast Asian economies like Singapore, Indonesia, and the Philippines. I&rsquo;m highly bullish on Grab&rsquo;s long-term growth outlook, as rising incomes across this fast-developing region continue fueling booming demand for digital services.</p>



<p>Grab recently hit an important milestone, achieving <a href="https://investors.grab.com/news-releases/news-release-details/grab-reports-fourth-quarter-and-full-year-2023-results-and" target="_blank">positive adjusted EBITDA (and profits) in Q4 2023</a>, while still posting 30% year-over-year sales growth. The company also holds more than $5 billion of cash on hand to fund regional expansion efforts in the years ahead. Profitability may remain muted in the near future, but the company&rsquo;s top-line growth story looks compelling.</p>



<p>Wall Street analysts <a href="https://seekingalpha.com/symbol/GRAB/earnings/estimates" target="_blank">forecast</a> Grab&rsquo;s revenues rising at a double-digit clip annually through 2030 as digital service adoption continues to surge. Additionally, the company&rsquo;s earnings per share are projected to leap ten-fold from just 6 cents in 2025 all the way to 60 cents in 2030. Trading at only about 5-times 2030 forecast earnings, investors can easily see the vast upside GRAB stock provides, if the company can continue to dominate Southeast Asia&rsquo;s digital economy.</p>



<h2>Eventbrite (EB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/rock-band-concert-300x169.jpg" alt="Image of a singer at a rock concert."><div>Source: kondr.konst/Shutterstock.com</div></div><p><strong>Eventbrite</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/eb-stock-quote/"><strong>EB</strong></a>) operates a leading self-service ticketing platform for live experiences and events. This stock looks substantially undervalued, trading at just 2.5-times sales, despite a solid growth outlook. Management <a href="https://s22.q4cdn.com/238770421/files/doc_presentations/2024/Eventbrite-Q3-2023-ER-Deck-FINAL-1.pdf" target="_blank">targets 20%+ annual revenue</a> growth, with analysts specifically <a href="https://seekingalpha.com/symbol/EB/earnings/estimates" target="_blank">forecasting 25% top-line growth in 2023</a> and 22% growth in 2024 on surging event ticket sales as the economy continues to boom.</p>



<p>Eventbrite&rsquo;s profitability also looks compelling, leading to a reasonable valuation. Currently,  EB stock trades at only 30-times trailing earnings. But looking out just two more years, shares go for only 15-times 2025 earnings. That&rsquo;s dirt cheap for a high-growth SaaS company. Unlike some pandemic reopening plays, Eventbrite boasts a rock-solid balance sheet, too, with ample cash exceeding its debt.</p>



<p>I believe Eventbrite has all the ingredients of a potential multi-bagger, if its execution meets projections. Still trading at a discount of more than 60% from February 2020 peaks, the risk-reward outlook looks highly favorable for investors with some patience.</p>



<h2>MoneyLion (ML)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/fintech-300x169.jpg" alt="Light bulb on tablet and Stock graph and business technology icon with abstract electronic circuit background. best fintech stocks to buy"><div>Source: Shutterstock</div></div><p><strong>Moneylion</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ml-stock-quote/"><strong>ML</strong></a>) is a leading fintech company utilizing AI to disrupt consumer lending and personal finance management. Impressively, this stock has gained 153% over the past year, despite brooding macro headwinds.</p>



<p>In Q3, MoneyLion <a href="https://www.google.com/finance/quote/ML:NYSE" target="_blank">grew revenue 24% year-over-year to $110 million</a>. The company&rsquo;s top line is expected to continue rising <a href="https://seekingalpha.com/symbol/ML/earnings/estimates" target="_blank">around 20% annually</a>. That&rsquo;s substantial growth for a stock trading at just 1.3-times forward sales. As interest rates decline in 2024 per central bank guidance, lending activity should regain momentum. MoneyLion&rsquo;s lending and cash management tools cater perfectly to this sort of macro environment.</p>



<p>The company also made big strides toward profitability that appear unappreciated. Analysts now forecast MoneyLion&rsquo;s GAAP net income could turn positive in 2025.</p>



<h2>Dlocal (DLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/financial-chart-graphic-fintech-1600-300x169.jpg" alt="Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech"><div>Source: shutterstock.com/whiteMocca</div></div><p><strong>Dlocal</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dlo-stock-quote/"><strong>DLO</strong></a>) is a fintech company focused on accelerating cross-border payments and commerce in fast-growing emerging markets. Despite the battered global economy, Dlocal still <a href="https://www.google.com/finance/quote/DLO:NASDAQ" target="_blank">grew Q3 revenueby 47% year-over-year</a>. Analysts <a href="https://seekingalpha.com/symbol/DLO/earnings/estimates" target="_blank">forecast 52% top-line growth</a> for all of 2023, alongside surging profitability. Specifically, the company&rsquo;s earnings per share are expected to double from 2023 to 2025.</p>



<p>Yet strangely, shares trade rangebound near all-time lows, more than 75% off 2021 peaks. In my view, the disconnect here between fundamentals and Dlocal&rsquo;s valuation is staggering. Dlocal maintains $600 million in cash against just $4 million of debt, making it one of the most financially-sound fintechs anywhere.</p>



<p>As developing economies recover post-pandemic, Dlocal looks poised to capitalize via its payments infrastructure spread across 29 high-growth markets. The company&rsquo;s recovery timeline is delayed, not doomed. But when it arrives, Dlocal should see amplified growth as a picks-and-shovels provider in markets undergoing rapid financial services adoption. Trading at just 16-times 2025 earnings, I see multi-bagger potential with this overlooked tech stock right now.</p>



<h2>Ammo Inc. (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/guns1600-300x169.jpg" alt="8 Small-Cap Stocks to Buy for Big-Time Growth Potential"><div>Source: Shutterstock</div></div><p><strong>Ammo Inc.</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/poww-stock-quote/"><strong>POWW</strong></a>) operates America&rsquo;s largest e-commerce marketplace for firearms-related products in GunBroker. It also manufactures specialty ammunition. While struggling recently, I believe Ammo still holds multi-bagger potential over the long term. Surging demand from domestic police forces and international militaries should drive growth once macroeconomic issues subside.</p>



<p>Admittedly, the company&rsquo;s risk profile seems higher compared to other picks. Margins remain compressed near breakeven, but are expected to improve. And while no longer disclosing its backlog, management affirms demand remains robust, especially among institutional arms buyers. The current risk-reward outlook of this stock at current levels still looks favorable. If execution catches up to market opportunity, huge upside awaits for investors willing to bet on POWW stock.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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It is an election year - that means firearm demand data is in the spotlight

JAKKS Pacific Sell-Off Offers A Good Opportunity To Get In At A Discounted Price

AMMO Inc (POWW) has shared an announcement. Ammo, Inc. has announced its participation in the prestigious 36th Annual Roth Conference at The Ritz C...

AMMO Inc Engages in 36th Annual Roth Conference

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s tempting to chase after the next big biotech breakthrough or speculate on businesses burning cash like there&rsquo;s no tomorrow. However, that&rsquo;s usually a fast track to disappointment &ndash; and a much lighter wallet.</p>



<p>Instead, I believe the road to turning $50,000 into a cool $1 million is paved with high-quality, financially sound businesses. Betting on companies with bright futures, growing revenues, and a clear line of sight to profitability provides exposure to businesses that have what it takes to keep growing and seeing their valuations climb over time.</p>



<p>If a company executes well quarter after quarter, its stock price almost has to head higher eventually. Notably, there are still plenty of great stocks that haven&rsquo;t fully recovered from the post-Covid cooldown. They&rsquo;ve been treading water even as the broader market has marched higher. Once these companies see their financials start to perk up again, these coiled springs could deliver significant gains.</p>



<h2>Data Storage Corp. (DTST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/big-data-business-300x169.png" alt="An image of a person typing at a kayboard with data overlaid, hand pointing toward data"><div>Source: everything possible/Shutterstock</div></div><p><strong>Data Storage Corp</strong>. (NASDAQ:<a href="https://investorplace.com/stock-quotes/dtst-stock-quote/"><strong>DTST</strong></a>) has more than doubled since I first wrote about it, and it&rsquo;s on its way to delivering multi-bagger returns. I&rsquo;ll admit, I&rsquo;m a bit nervous about this particular pick. That&rsquo;s because the company is about to release their Q4 results just a day after I&rsquo;m writing this. In fact, DTST stock recently declined 15% after the company said they broke even in Q4, which wasn&rsquo;t satisfactory. But regardless, I believe this company has the ability to deliver significant long-term gains.</p>



<p>Data storage companies have been delivering stellar growth lately, and many of the large-cap players in this realm are seeing their cloud computing and data segments driving the lion&rsquo;s share of their revenue growth. That&rsquo;s why I think this startup can grab a lot of attention in the coming years, as it lands contracts with the big boys.</p>



<p>I&rsquo;ve covered this stock many times already, but just as a refresher, Data Storage generated 2 cents in earnings per share and <a href="https://www.google.com/finance/quote/DTST:NASDAQ">$6 million in revenue</a>, up 35% year-over-year in Q3 2023. That sales growth is much better than some other growth companies trading at 10-times forward sales or higher right now. Not only is the growth better with a small-cap company like this, but the addressable market for data storage is massive compared to the company&rsquo;s tiny size.</p>



<p>Personally, I see incredible potential here. The demand for secure, reliable data storage is only going to increase as businesses generate more data than ever before. And with Data Storage&rsquo;s ability to be nimble due to its size and focused expertise, this company could be perfectly-positioned to capitalize on that growing demand. Of course, there are risks with any small-cap investment, but the potential rewards here are hard to ignore.</p>



<h2>Ammo Inc. (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/guns1600-300x169.jpg" alt="8 Small-Cap Stocks to Buy for Big-Time Growth Potential"><div>Source: Shutterstock</div></div><p>This is another company I&rsquo;ve covered extensively, and is one that&rsquo;s finally looking to break out of its sideways trading pattern. Catalysts are aligning in favor of <strong>Ammo Inc</strong>. (NASDAQ:<a href="https://investorplace.com/stock-quotes/poww-stock-quote/"><strong>POWW</strong></a>). The first and most obvious catalyst to focus on is the increasing demand for ammunition. The war in Eastern Europe has drained the ammunition stockpiles of many countries, and it will take years to restock. That&rsquo;s why I believe POWW stock is primed to perform well in the long-run as that backlog grows.</p>



<p>Now, the company&rsquo;s <a href="https://www.google.com/finance/quote/POWW:NASDAQ">revenue has slumped</a> recently, and Ammo Inc. did report a small 1-cent earrings per share miss. But that doesn&rsquo;t mean the business doesn&rsquo;t have legs to run higher. I&rsquo;m bullish on the company&rsquo;s GunBroker platform, which is still seeing sales growth. This platform has a huge moat, since most companies don&rsquo;t want to engage in selling arms to civilians.</p>



<p>Ammo Inc. is also expecting a return to profitability next year, and analysts estimate revenue will <a href="https://seekingalpha.com/symbol/POWW/earnings/estimates">surge 10%, reaching $158 million</a>. In my view, that&rsquo;s just the beginning of the growth path higher. With ammunition supplies remaining tight globally and consumer demand still robust in the U.S., Ammo Inc. could be positioned for an extended period of above-average growth.</p>



<h2>HIVE Digital (HIVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/bitcoin1600-300x169.png" alt="Day trader buying selling crypto currency bitcoin concept. Stocks to buy as the crypto frenzy continues"><div>Source: Creativan / Shutterstock.com</div></div><p><strong>HIVE Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hive-stock-quote/"><strong>HIVE</strong></a>) hasn&rsquo;t been the best bet in recent months, I&rsquo;ll admit. Crypto mining companies have performed exceptionally well in previous cycles, often rising neck-and-neck with Bitcoin. They have even delivered higher returns during bull markets. But most of these crypto mining companies have been trading sideways lately, and some have even declined. That&rsquo;s despite <strong>Bitcoin</strong> (<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>) continuing to climb higher, reaching new highs.</p>



<p>Why is that? I believe it&rsquo;s due to Bitcoin&rsquo;s recent rally taking place before the upcoming halving event. This bull run was mainly triggered by a massive influx of money into Bitcoin through its recently-approved spot ETFs. But that doesn&rsquo;t mean Bitcoin mining stocks are a bad bet going forward.</p>



<p>I believe crypto mining stocks will deliver multi-bagger returns once the halving happens, as these companies prove they can still deliver profits and generate revenue. Mining companies have been aggressively expanding their mining fleets, and Hive is no exception. Impressively, the company has expanded mining capacity by 10% from January to February 2024 and <a href="https://hivedigitaltechnologies.com/news/hive-digital-announces-bitcoin-production-and-hodl-growth-in-february-2024-to-2131-bitcoins/">mined 200 Bitcoins</a> in February alone. Hive now expects to be running at a 5.3 to 5.5 EH/s rate by June 2024.</p>



<p>So while the short-term outlook for this company has been rocky, I believe Hive&rsquo;s mining fleet expansion will help the company bear the brunt of the halving&rsquo;s impact. And let&rsquo;s not forget, Hive still holds 2,131 BTC on their balance sheet, which means the company will likely benefit much more from the halving than it loses in revenue.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/how-to-turn-50000-into-1-million-with-these-3-top-stocks/">How to Turn $50,000 into $1 Million With These 3 Top Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

How to Turn $50,000 into $1 Million With These 3 Top Stocks

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<p>One of the largest ammunition manufacturers in the U.S. is about to sell its shooting sports business, but the deal isn&rsquo;t going smoothly. Amid national security concerns and competing bids for the business, <strong>Vista Outdoor</strong>&lsquo;s (NYSE:<span><a href="https://investorplace.com/stock-quotes/vsto-stock-quote/"><strong>VSTO</strong></a></span>) plan to split in two is suddenly very complicated and roiling the market for ammo stocks.</p>



<p>Although the industry has occasionally suffered from shortages, some of them for an extended period, ammo has largely returned to normalcy after the pandemic. With a presidential election looming this year, however, ammo sales will likely skyrocket along with firearms, just as in the two previous elections.&nbsp;</p>



<p>That makes Vista&rsquo;s ammo business sale all the more important. So, with that as a backdrop, let&rsquo;s look at three leading ammo stocks today.</p>



<h2>Vista Outdoor (VSTO)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock-300x169.jpg" alt="Vista outdoor"></a><p>The ammo industry can&rsquo;t be looked at without examining Vista Outdoor itself. The shooting sports and outdoor gear company has been angling to <a href="https://www.prnewswire.com/news-releases/vista-outdoor-announces-plan-to-separate-its-outdoor-products-and-sporting-products-segments-into-two-independent-publicly-traded-companies-301540512.html">split</a> in two for several years. It wants to separate its Kinetic Group shooting sports unit from its Revelyst outdoor gear business. The original plan was to split into two separately traded companies, much the way outdoor lifestyle company <strong>American Outdoor Brands</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/aout-stock-quote/"><strong>AOUT</strong></a></span>) spun off its firearms division into <strong>Smith &amp; Wesson Brands</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/swbi-stock-quote/"><strong>SWBI</strong></a></span>)  .</p>



<p>However, last October, Prague-based Czechoslovak Group offered to buy Kinetic for $1.9 billion, allowing Revelyst to go ahead with its spinoff. Earlier this month, though, MNC Capital offered to buy the entire company, Revelyst included, for $2.9 billion. Vista rejected the offer as undervaluing the company, and MNC returned last week with an <a href="https://news.vistaoutdoor.com/newsroom/press-releases/press-release-details/2024/Vista-Outdoor-Confirms-Receipt-of-Revised-Indication-of-Interest-from-MNC-Capital/default.aspx">improved all-cash offer</a> of $3 billion.</p>



<p>MNC notes its offer keeps both businesses in the U.S. As a result, the deal wouldn&rsquo;t need approval from the Committee on Foreign Investment in the United States (CFIUS) over potential national security issues. Vista says it is certain the deal with Czechoslovak Group will receive CFIUS  approval. However, Vista is a major U.S. military and law enforcement supplier. It owns ammo brands like Federal, Remington, Speer and others. At least one U.S. senator has raised concerns about the deal.&nbsp;</p>



<p>Regardless of the company&rsquo;s offer, VSTO stock will no longer be available.</p>



<h2>Olin (OLN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/oln-1600-300x169.jpg" alt="Olin corporate office in Texas. OLN stock."><div>Source: JHVEPhoto / Shutterstock</div></div><p>While <strong>Olin</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/oln-stock-quote/"><strong>OLN</strong></a></span>) is best known as a specialty chemicals company, it also owns the Winchester brand of ammunition. Where Vista&rsquo;s Kinetic division saw sales drop 19% over the first nine months of fiscal 2024, which ended Dec. 24, Olin&rsquo;s Winchester unit only saw a 6% decline in sales for all of 2023. Fourth quarter sales, though, jumped 23.5% year-over-year to $395 million, and it is expected that Q1 sales will be sequentially higher.</p>



<p>Olin is also a supplier to the military. It <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/74303/000007430324000041/oln-20231231.htm">won management and operational control</a> over the Lake City Army Ammunition Plant in Independence, Missouri, 2019. The contract runs for seven years and produces military and commercial ammunition. The plant produces rounds such as the 5.56mm, 7.62mm and .50 caliber, as well as cartridges and casings. Winchester is the biggest seller of pistol ammunition for the military.</p>



<p>The Winchester segment represented 22% of Olin&rsquo;s total revenue in 2023, significantly contributing to the company&rsquo;s overall health. OLN stock is up 9% this year and 11% higher over the last 12 months.</p>



<h2>AMMO (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg" alt="many ammunition bullets pattern background"><div>Source: ThomasLENNE / Shutterstock.com</div></div><p>The third ammo stock to watch is <strong>AMMO</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/poww-stock-quote/"><strong>POWW</strong></a></span>). It&rsquo;s a <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1015383/000149315224005468/form8-k.htm">relatively small manufacturer</a> with $47 million in ammunition sales over the first three quarters of fiscal 2024. That&rsquo;s nearly half of what it generated the year before, though demand was much higher a year ago because of shortages. As the industry normalized, so did demand.</p>



<p>AMMO also owns GunBroker.com, the largest online marketplace for firearms and shooting sports. The business produced $40.7 million in revenue in the last nine months, down 13% from last year. Firearms demand has also eased. According to the FBI, it conducted 29.85 million <a href="https://www.fbi.gov/file-repository/nics_firearm_checks_-_month_year.pdf/view">criminal background checks</a> on potential gun buyers in 2023. That&rsquo;s 6% fewer than the year before. Although that figure is 25% below the all-time high recorded in 2020, it is still the fourth-largest number since the federal law enforcement agency began tracking data in the late 1990s.</p>



<p>AMMO stock, however, is up 31% in 2024 and is running 38% high over the past year. AMMO is a scrappy ammunition manufacturer and one to watch as presidential politics heat up later this year.</p>



<p><em>On the date of publication, Rich Duprey held a LONG position in SWBI stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/ammunition-shakeup-3-ammo-stocks-to-watch-as-vista-outdoor-unloads-its-business/">Ammunition Shakeup: 3 Ammo Stocks to Watch as Vista Outdoor Unloads Its Business</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Ammunition Shakeup: 3 Ammo Stocks to Watch as Vista Outdoor Unloads Its Business

AMMO acquires a tooling manufacturer

AOUT

ARCO

CLAR

DTST

ESCA

FNKO

GRAB

HIVE

JAKK

POWWP

RELY

SPWH

VSTO

ZYME

Press Releases

AMMO, Inc. to Conduct Fiscal Second Quarter 2024 Earnings Call on November 9, 2023 at 5:00PM ET

AMMO, Inc. Reports Second Quarter 2024 Financial Results

AMMO, Inc. Announces Preferred Stock Dividend

AMMO, Inc. Announces International Supply Agreement with ZRODelta

AMMO, Inc. to Conduct Fiscal Third Quarter 2024 Earnings Call on February 8, 2024, at 5:00PM ET

AMMO, Inc. Reports Third Quarter 2024 Financial Results

AMMO, Inc. Announces Launch of Multi-Item Cart and Single Payment Portal on GunBroker.com to Streamline Customer Experience