The price of Applied Digital Corporation (NASDAQ:APLD) shares last traded on Wall Street fell -12.83% to $3.33.
APLD stock price is now -26.70% away from the 50-day moving average and -44.08% away from the 200-day moving average. The market capitalization of the company currently stands at $406.43M.
With the price target of $14, ROTH MKM recently initiated with Buy rating for Applied Digital Corporation (NASDAQ: APLD). On December 22, 2022, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, MOORE VIRGINIA, Director sold 30,000 shares of the company’s stock on Feb 20 ’24. The stock was sold for $142,200 at an average price of $4.74. Upon completion of the transaction, the Director now directly owns 148,630 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’23, Director MOORE VIRGINIA sold 15,000 shares of the business’s stock. A total of $73,050 was realized by selling the stock at an average price of $4.87. This leaves the insider owning 178,630 shares of the company worth $0.59 million. A total of 29.24% of the company’s stock is owned by insiders.
During the past 12 months, Applied Digital Corporation has had a low of $2.06 and a high of $11.62. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.18, and a quick ratio of 0.18. The fifty day moving average price for APLD is $4.5120 and a two-hundred day moving average price translates $5.9247 for the stock.
The latest earnings results from Applied Digital Corporation (NASDAQ: APLD) was released for Nov, 2023. According to the Capital Markets Company, earnings per share came in at -$0.1, missing analysts’ expectations of $0.01 by -0.11. This compares to -$0.29 EPS in the same period last year. The net profit margin was -30.95% and return on equity was -32.38% for APLD. The company reported revenue of $42.2 million for the quarter, compared to $12.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 242.0 percent. For the current quarter, analysts expect APLD to generate $51.92M in revenue.
