Economy

American Outdoor Brands Corporation (NASDAQ:AOBC) Slumps -16.28% in Pre-Market

American Outdoor Brands Corporation (NASDAQ:AOBC) Slumps -16.28% in Pre-Market

This trading sentiment put the stock on Active Green spotlight.

Several analysts have recently issued reports on AOBC shares. Perhaps, that suggests something about why 68.80% of the outstanding share supply is held by institutional investors. For the last quarter, the company's quarterly EPS was $0.02.

American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. About 5.25M shares traded or 200.85% up from the average. The firm has 14.26% of total shares float short, yielding a short ratio of 4.32. Average volume has an effect on the price of the security. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of American Outdoor Brands Corp during the first quarter worth about $111,000. Finally, Lake Street Capital dropped their target price on shares of American Outdoor Brands from $17.00 to $13.00 and set a "hold" rating on the stock in a research report on Friday, September 8th.

Growth alone can not be used to see if the company will be valuable. It is easy to calculate. According to First Call, the consensus price target for the company is $18.93. They help determine the company's ability to continue operating. Investing for the long-term may be a safer way to go as investors are typically looking for smaller gains over a longer period of time. It operates in two divisions, Firearms, and Outdoor Products & Accessories. For AOBC, the company now has $43.37 Million of cash on the books, which is offset by $81.9 Million current liabilities. These companies are usually young in age and they could serve new industries as well as niche markets. Thanks to a rise of nearly 11.93% in the past five days, the stock price is now down -21.38% so far on the year - still in weak territory. Quarterly reports aid investors in getting a better understanding about how a company has been faring, along with its near-term outlook.

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That's within range of what management told investors to expect, but disappointing compared with the same three months of 2016, when net sales were $233.5 million. Its up 11.18% from 17,000 shares previously. Visit MarketWatch.com for more information on this news. American Outdoor Brands had 16 analyst reports since January 18, 2017 according to SRatingsIntel.

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on American Outdoor Brands Corporation (:AOBC). The typical day in the last one month has seen about a 3.81% volatility.

Are American Outdoor Brands Corporation (NASDAQ:AOBC) Earnings Growing Rapidly? If a company's profit is $800 million and there are 40 million shares, then the EPS is $20. The company provided EPS guidance of $0.57-0.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. American Outdoor Brands updated its Q3 guidance to $0.07-0.10 EPS and its FY18 guidance to $0.57-0.67 EPS. In finance, it serves many purposes, and is often used to represent the price change of a commodity. Cowen & Co maintained American Outdoor Brands Corporation (NASDAQ:AOBC) rating on Friday, September 8. Analysts rating the company a 3 indicate a Hold recommendation. A stock price loss will yield a negatively weighted alpha.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of T-Mobile US, Inc. At the open market though, their shares were trading at $14.55. Zacks Mutual Fund Rank which focuses not only on past performance, but also the future success of the fund. Zacks Equity Research is professional-grade research that combines insight provided by equity analysts with quantitative models. Craig Hallum's price objective indicates a potential upside of 0.47% from the stock's current price. Generally speaking, earnings are expected to grow in coming quarters.


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