Applied Energetics, Inc. (OTCMKTS:AERG) CFO and COO Christopher Wayne Donaghey has sold a total of 35,000 shares of company stock, according to a recent SEC filing. The transactions, which took place on June 3, 2024, were executed at a weighted average price between $1.83 and $1.88, with the total sale amounting to $65,100.
The sale was conducted at varying prices, reflecting the average selling price of $1.86 per share. Following the sale, Mr. Donaghey's direct ownership in the company stands at 98,559 shares of common stock.
In addition to the recent sale, the filing also indicated that Mr. Donaghey holds Restricted Stock Units (RSUs) totaling 300,000 shares. These RSUs vest automatically as part of an agreement in exchange for services, without the need for execution, and do not have an expiration date. It is important to note that none of these RSUs were vested at the time of the report.
Moreover, Mr. Donaghey has options to purchase 1,350,000 shares of Applied Energetics' common stock, which were not affected by the reported transactions.
Investors and followers of Applied Energetics, Inc. can find more details about the transactions by referring to the full SEC filing.
InvestingPro Insights
Following the recent news of CFO and COO Christopher Wayne Donaghey's stock sale in Applied Energetics, Inc. (AERG), a closer look at some key financial metrics from InvestingPro can provide investors with additional context. With a market capitalization of $410.63 million and a recent share price close at $1.95, the company’s financial health and performance are of interest.
InvestingPro data highlights that Applied Energetics is operating with a negative Price/Earnings (P/E) Ratio of -49.87, with an adjusted P/E for the last twelve months as of Q1 2024 at -51.36. This suggests that the company has not been profitable over the recent year, aligning with one of the InvestingPro Tips that confirms the company has not been profitable over the last twelve months.
Another interesting metric to consider is the Gross Profit Margin, which stands at an impressive 66.18% for the last twelve months as of Q1 2024. This is indicative of the company's ability to manage its cost of goods sold effectively, a point further underscored by an InvestingPro Tip that highlights the company's impressive gross profit margins.
However, investors should be aware of the company's liquidity position. Short-term obligations exceed liquid assets, which could present challenges in managing short-term liabilities. This is an essential consideration for investors, as it relates to the company's financial stability and flexibility.
For those interested in a deeper analysis, there are additional InvestingPro Tips available on the platform. For instance, Applied Energetics has a history of strong returns over the last decade and five years, although it does not pay a dividend to shareholders. To explore these insights further, visit the dedicated page for Applied Energetics on InvestingPro. And remember, using the coupon code PRONEWS24 will get you an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With the current market dynamics and the company's financial performance, these insights can help investors better understand the potential risks and opportunities associated with Applied Energetics, Inc.
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