Applied Energetics (OTCMKTS:AERG) Stock Jumps 3.7% – Time to Buy?

Applied Energetics Inc. (OTCMKTS:AERG)’s stock price traded up 3.7% during trading on Thursday. The stock traded as high as $0.83 and last traded at $0.83. Approximately 25,342 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 226,993 shares. The stock had previously closed at $0.80.

Applied Energetics Stock Up 8.4%

The firm has a market cap of $201.76 million, a PE ratio of -11.25 and a beta of 0.75. The business has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $1.23.

Applied Energetics (OTCMKTS:AERG) last released its earnings results on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 454.83%. The company had revenue of $0.06 million during the quarter.

Applied Energetics Company Profile

Applied Energetics, Inc develops advanced directed-energy and photonics technologies for defense and other specialized applications. The company’s work centers on ultrashort-pulse laser systems and related technologies designed to generate and control high-energy laser effects.

Its technology portfolio has included laser-induced plasma channel systems, which use pulsed lasers to create conductive pathways through the atmosphere. These systems are intended to support applications such as directed-energy effects, precision energy delivery, and countermeasure technologies.

Applied Energetics was previously known as Ionatron, Inc and adopted its current name as it expanded its focus on directed-energy research and development.