Since Friday, the penny stock of Applied Nanotech Holdings, Inc. (APNT) has been on absolute fire, surging up the charts from .03 and setting records in volume as it climbed. Since merging at the end of October with Nanofilm, Ltd., a leading market position for specialty optical coatings, cleaners and nano-composite products, news of contracts have been coming in every month since. With over 10 million shares of APNT stock traded in the last 4 sessions, Thursday looks to be a day when news of new revenues could test the 52 week high set back nearly a year ago.
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APNT Stock Quote
Market Cap: 12.60M
Last: 0.09 ▲ +0.006 (+7.14%)
Volume: 2,426,853
Dollar Volume: $240,922
Open: 0.084
High: 0.108
Low: 0.084
Trades: 146
Authorized: 160,000,000
Issued and Outstanding: 139,997,816
14-Day Rel Strength: 80.55%
1st Resistance Point: 0.104
1st Support Level: 0.08
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Applied Nanotech Holdings went into 2013 with a specific plan: to achieve profitability based on $7.0 million of revenues. Due to not being able to put up a profitable Q2 or Q3 as planned, the Company appears to still be on pace to report revenues between $4 million and $4.5 million after reporting $1.175 million in Q3 compared to approximately $705,000 for the same quarter in 2012 to boost their nine-month period ended September 30, 2013 total to $3.2 million as compared with approximately $2.6 million for the nine-month period ended September 30, 2012.
In early December, the Company reported that it ha received a contract worth more than $500,000 from NYSEARCH – Northeast Gas Association (NGA), to fund prototype development of a small, reliable, low-cost methane sensor for residential and industrial applications. This was the first report of new revenues to come from Applied Nanotech since they signed a Letter of Intent on October 31, 2013 to reverse merge with Nanofilm, Ltd.
As for APNT, bullishness was not something you could closely connect to the ticker heading into the end of 2013. Although here was a short-term run up towards the announcement of the signed LOI in October, APNT stock spent most of 2013 sliding from the 0.18 high set back on January 25th.
With fresh eye on them now, the chances of APNT stock bursting past the 0.104 resistance level and testing 0.118 during Thursday’s session are quite likely. The Company is solid, they have a steady, well-established revenue stream and dilution is a non-concern since issued and outstanding are nearly matched with the total authorized.
About APNT Stock
Applied Nanotech Holdings, Inc. is a development stage, nanotechnology company, primarily engaged in the development of technologies, based principally on their intellectual property.
Click here to view the SEC filings for APNT.
Click here to view the website for Applied Nanotech Holdings.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 01/15/14 | 0.0840 | 0.1080 | 0.0840 | 0.0900 | +0.0060 | +7.14% | 2,426,853 |
| 01/14/14 | 0.0700 | 0.1050 | 0.0699 | 0.0840 | +0.0170 | +25.37% | 3,433,400 |
| 01/13/14 | 0.0400 | 0.0700 | 0.0400 | 0.0670 | +0.0290 | +76.32% | 2,365,100 |
| 01/10/14 | 0.0300 | 0.0400 | 0.0300 | 0.0380 | +0.0090 | +31.03% | 2,303,000 |
| 01/09/14 | 0.0363 | 0.0390 | 0.0281 | 0.0290 | -0.0080 | -21.62% | 543,400 |
Bottom Line:
APNT stock looks like a solid play heading into Thursday and should be within the top 10 penny stocks to watch prior to the open. Expecting to see $1 million in volume is overestimating. However, a quick flip on APNT for a couple grand could easily pay the bills for the month.
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