The stock of Applied Digital Corporation (NASDAQ:APLD) last traded at $9.41, up 5.73% from the previous session.
APLD stock price is now 7.46% away from the 50-day moving average and 55.64% away from the 200-day moving average. The market capitalization of the company currently stands at $2.10B.
With the price target of $15, Cantor Fitzgerald recently initiated with Overweight rating for Applied Digital Corporation (NASDAQ: APLD). On October 03, 2023, ROTH MKM recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Nottenburg Richard N, Director bought 20,000 shares of the company’s stock on Jan 17 ’25. The stock was bought for $177,000 at an average price of $8.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, CEO; Chairman Cummins Wes sold 200,000 shares of the business’s stock. A total of $1,840,000 was realized by selling the stock at an average price of $9.20. This leaves the insider owning 3,875,955 shares of the company worth $36.47 million. A total of 24.77% of the company’s stock is owned by insiders.
During the past 12 months, Applied Digital Corporation has had a low of $2.36 and a high of $11.25. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 0.77, and a quick ratio of 0.77. The fifty day moving average price for APLD is $8.6963 and a two-hundred day moving average price translates $6.015775 for the stock.
The latest earnings results from Applied Digital Corporation (NASDAQ: APLD) was released for 2024-08-31. The net profit margin was -128.17% and return on equity was -83.77% for APLD. The company reported revenue of $60.7 million for the quarter, compared to $36.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.12 percent.
