Hottest Penny Stocks: MusclePharm (MSLP) Surging Sales

MusclePharm Corp. (OTC: MSLP), a nutritional supplement company, has been one of the hottest stocks in the penny share market, up 236.62% in the last 30 days. Expect that trend to continue as MSLP released their preliminary financial results for Q1 2012. MSLP is set to open today at around 2.5 cents.

MusclePharm reported that net sales for the Q1 2012 increased nearly 4X to roughly $19 million from $4 million for Q1 2011. International sales were the big kicker: 400 percent% growth to roughly $4 million from $1 million for the same period a year ago. General and administrative expenses decreased to 26% of net sales compared to 50% for the same quarter last year. Yeah, the net amount increased but the percentage decreased which if you have been trading or investing in penny stocks and read 10-Q’s is a rare event.

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MSLP Stock Snap Shot:

5 Day Stock History:
Percent Change -5.53%
Moving Average 0.0196
Average Volume 35,109,088

10 Day Stock History:
Percent Change -16.14%
Moving Average 0.0227
Average Volume 21,991,788

20 Day Stock History:
Percent Change 73.19%
Moving Average 0.0245
Average Volume 26,653,181

30 Day Stock History:
Percent Change 236.62%
Moving Average 0.02
Average Volume 23,950,963

MSLP also notes that Q1 2012 Income from operations jumped to roughly $1 million compared to a loss of $1 million for Q1 2011. The Company’s CEO, Brad Pyatt, said that units sold of MusclePharm’s top two products increased nearly 10X  to 770,000, compared with 78,000 for the same two products in Q1 2011. With the launch of MSLP‘s new products, they resulted in a combined total of 300,000 units sold. At the end of Q1 2012, MSLP had a sales backlog of $4.3 million, which the company says was shipped in Q2 of this year.

Due to the strong demand MSLP is seeing for their products, combined with the expected near-term launch of 15 new MusclePharm products, Brad Pyatt announced that the company has adjusted their projections for 2012 net sales to $75 million from $40 million.

To view the website of MSLP, click here. To view the PR Newswire release, click here.

Bottom Line: If you don’t have MSLP on your list of penny stocks to watch, today is the day to do so. MSLP is trading on tremendous momentum right now and this pre-market news release will only fuel to the pps of MSLP. The penny stock nearly closed on Friday at the HOD.


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