It may sound strange, but you can buy gunbroker from the Ammo stock market. Ammo is a consumer discretionary company that makes and sells firearms. The stock has a solid growth story and reasonable valuation. While some companies, like bullet manufacturers, are ethically questionable, ammo stocks are likely to offer a good investment case. In addition, ammo stocks have performed well in the past, outperforming the broader market.
Founded in 1999, GunBroker is the world’s leading online marketplace for legal firearms. The company is estimated to have more than 6 million registered users, with an inventory of over a million firearms and related items. AMMO has been expanding rapidly in recent years, recently making final payments on a $27 million acquisition of the Jagemann Stamping Company brass casing division in Wisconsin. The company has also recently joined the Nasdaq under the ticker symbol POWW. AMMO is currently offering shares at $2.10.
Although Ammo (NASDAQ:POWW) has a small market cap, analysts have tipped it to grow over the next year. Ammo beat expectations during its fiscal second quarter, and has provided light guidance for the remainder of the year. While the ammunition maker continues to face challenges in its business, it has plans for growth and expansion. Currently, investors should consider buying AMMO stock as a way to maximize their investment.
While there are plenty of investors who aren’t quite ready to purchase Ammo stock, it is possible to invest in the company without risking too much. However, if you have any doubts about the company’s long-term potential, you can start by researching the company’s growth potential. The stock’s recent financial performance is one of the reasons it’s so attractive. It is a great time to purchase stocks and buy guns.