The stock of Applied Digital Corporation (NASDAQ:APLD) last traded at $2.99, up 4.91% from the previous session.
APLD stock price is now -31.43% away from the 50-day moving average and -48.45% away from the 200-day moving average. The market capitalization of the company currently stands at $364.93M.
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 $0.44 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 $0.53 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 $2.35 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 $4.3113 and a two-hundred day moving average price translates $5.7752 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.
Applied Digital Corporation(APLD) Company Profile
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.
