Why Ammo Stock Was 28% Higher Today

Firearms ammunition manufacturer Ammo (NASDAQ:POWW), a virtually unheard-of penny stock up till a few months ago, roared into the headlines last week after forecasting a nearly 500% year-over-year sales increase in its fiscal 2021 third quarter.

And now Ammo is doing it again. Its stock rose 28% by 2:45 p.m. EST on Tuesday after Ammo announced this morning that it expects to post a 317% year-over-year increase in fourth-quarter 2021 revenue.

So what
What Ammo is doing here is pretty unusual. It hasn't actually issued official financial numbers for the third quarter, and won't do so before Feb. 15, still more than a month away. Nonetheless, without knowing precisely how the third quarter turned out, the company is rushing out numbers on the fourth quarter as well, promising $20 million in revenue for the period and a fourth straight quarter of year-over-year triple-digit sales growth.

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