NEW YORK, May 23, 2026, 16:02 (EDT)
- Outdoor Holding closed at $2.06 Friday, up 2.5% for the day. Shares have climbed about 7.9% since last week’s finish.
- U.S. stock markets stay closed Monday for Memorial Day, keeping POWW traders sidelined until Tuesday.
- The next key date investors are watching is June 1, which is the record date for the company’s preferred-stock dividend.
Outdoor Holding Company closed higher Friday, locking in weekly gains. The GunBroker.com owner heads into the Memorial Day holiday break with momentum.
Nasdaq shares closed Friday at $2.06, up 2.5%. The stock traded in a range of $2.00 to $2.07. The price is now 7.9% above the May 15 close of $1.91. Volume was about 462,800 shares on Friday.
Stocks look headed for a slow stretch, with U.S. markets closed Monday, May 25 for Memorial Day, the Nasdaq holiday schedule shows. Next up: Tuesday’s reopening and Outdoor’s preferred-stock dividend date.
Outdoor declared a dividend of $0.546875 per share on its 8.75% Series A cumulative redeemable perpetual preferred stock, the company said Monday. The dividend goes to shareholders of record on June 1, with payment scheduled for June 15.
The stock got a lift from the broader market. The S&P 500 added 0.4% Friday, the Dow gained 0.6%, and the Nasdaq Composite rose 0.2%. All three finished higher on the week. The Russell 2000 jumped 2.7% this week, a relevant move for a micro-cap such as POWW.
Outdoor doesn’t line up as a straight comp for firearms makers anymore after its shift to focus on the GunBroker marketplace. Shares of gun stocks were higher Friday. Smith & Wesson Brands closed up 1.0% at $15.47, and Sturm Ruger gained 1.8%, ending the day at $40.04.
Outdoor’s recent report is steering the trade. In February, the company reported third-quarter fiscal 2026 net revenue of $13.39 million, a 7% increase from a year ago. Net income before discontinued operations reached $1.46 million, after a loss of $21.18 million in the same quarter last year. Adjusted EBITDA was $6.55 million.
Chairman and CEO Steve Urvan said the quarter was a step forward in Outdoor’s “strategic transformation.” He said the company is now operating under a “marketplace-only” model. That matters for investors, who are increasingly looking at the company as an online platform instead of seeing it mostly as an ammo manufacturer.
Outdoor Holding Company, the former AMMO, Inc., changed its name on April 21, 2025, according to its September 10-Q filing. The company stuck with its online marketplace after selling the ammo manufacturing division. GunBroker handles the legal sale of firearms, ammunition, and shooting and hunting gear between buyers, sellers, and licensed gun dealers.
Analyst coverage remains thin. Roth Capital last reiterated its Buy rating with a $2.30 price target on Feb. 10, Benzinga reports. According to Benzinga, ratings have also come from Lake Street, Roth MKM, and EF Hutton.
POWW isn’t on a clear path. The stock trades near $2 with modest volume. The company’s sales flow through a marketplace tied to strict federal and state firearms rules, and those laws control what restricted items can be sold. If GunBroker posts lower user counts, fewer listings, or smaller average tickets after its latest highs, then cost control alone may not be enough to lift POWW stock.
All eyes are on Tuesday, May 26, as traders wait to see if Friday’s gains will stick when markets reopen. The next key date is June 1, the preferred-stock record date. There’s been no word on any new common-share dividend.
