Share: Gun stocks and ammunition stocks have been hot heading into 2021 as a new administration is set to take office. What Happened: Recently uplisted Ammo Inc. (NASDAQ: POWW) is seeing the benefits of demand for ammunition. The stock was highlighted on a December Benzinga show as a play on the uplisting and the strong backlog. On Tuesday, the company announced updated guidance for the fourth quarter. The company sees fourth-quarter revenue of approximately $20 million, which would be a year-over-year increase of an estimated 317%. New fiscal 2021 guidance calls for revenue to hit $58.2 million, a 293% year-over-year increase. The company had already raised third-quarter guidance with a new forecast of $16.5 million in revenue, year-over-year growth of 489%.