The stock of Applied Digital Corporation (NASDAQ:APLD) last traded at $3.20, unchanged from the previous session.
Data from the available sources indicates that Applied Digital Corporation (NASDAQ:APLD) is covered by 7 analysts. The consensus rating among analysts is ‘Buy’. APLD stock price is now 57.90% away from the 50-day moving average and 39.92% away from the 200-day moving average. The market capitalization of the company currently stands at $248.51M.
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In total, 0 analysts have assigned it a hold rating, and 7 have given it a buy rating.
With the price target of $4, H.C. Wainwright recently initiated with Buy rating for Applied Digital Corporation (NASDAQ: APLD). On May 24, 2022, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Craig Hallum’ rates the stock as ‘Buy’.
In other news, Cummins Wes, CEO; Chairman bought 25,000 shares of the company’s stock on Jan 27. The stock was bought for $74,000 at an average price of $2.96. Upon completion of the transaction, the CEO; Chairman now directly owns 1,795,686 shares in the company, valued at $5.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 25, CEO; Chairman Cummins Wes bought 25,000 shares of the business’s stock. A total of $62,000 was incurred on buying the stock at an average price of $2.48. This leaves the insider owning 1,770,686 shares of the company worth $5.67 million. Insiders disposed of 47,617 shares of company stock worth roughly $0.15 million over the past 1 year. A total of 8.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APLD stock. A new stake in Applied Digital Corporation shares was purchased by EXCHANGE TRADED CONCEPTS, LLC during the first quarter worth $2,989,000. GEODE CAPITAL MANAGEMENT, LLC invested $1,371,000 in shares of APLD during the first quarter. In the first quarter, VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in Applied Digital Corporation valued at approximately $1,106,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in APLD for approximately $800,000. ALLIANCEBERNSTEIN L.P. purchased a new stake in APLD valued at around $489,000 in the second quarter. In total, there are 76 active investors with 25.20% ownership of the company’s stock.
With an opening price of $3.3300 on Monday morning, Applied Digital Corporation (NASDAQ: APLD) set off the trading day. During the past 12 months, Applied Digital Corporation has had a low of $0.85 and a high of $27.12. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for APLD is $2.0266 and a two-hundred day moving average price translates $2.2472 for the stock.
The latest earnings results from Applied Digital Corporation (NASDAQ: APLD) was released for Aug, 2022. According to the Capital Markets Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.1 by 0.05. This compares to $0.03 EPS in the same period last year. For the current quarter, analysts expect APLD to generate $12.05M in revenue.
Applied Digital Corporation(APLD) Company Profile
Applied Blockchain, Inc. designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Science Products, Inc. and changed its name to Applied Blockchain, Inc. in April 2021. Applied Blockchain, Inc. was incorporated in 2001 and is based in Dallas, Texas.
