Applied Digital Corporation (NASDAQ:APLD) shares traded -4.22% lower at $7.27 on Wall Street last session.
APLD stock price is now 27.33% away from the 50-day moving average and 3.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
With the price target of $12, Citizens JMP recently initiated with Mkt Outperform rating for Applied Digital Corporation (NASDAQ: APLD). On January 28, 2025, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Lee Rachel H., Director sold 24,212 shares of the company’s stock on May 21 ’25. The stock was sold for $169,484 at an average price of $7.00. Upon completion of the transaction, the Director now directly owns 83,613 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’25, Director RACHEL H LEE bought 24,212 shares of the business’s stock. A total of $162,947 was incurred on buying the stock at an average price of $6.73. A total of 23.06% of the company’s stock is owned by insiders.
During the past 12 months, Applied Digital Corporation has had a low of $3.01 and a high of $12.48. As of last week, the company has a debt-to-equity ratio of 2.00, a current ratio of 0.70, and a quick ratio of 0.70.
The net profit margin was -110.54% and return on equity was -78.94% for APLD. The company reported revenue of $52.92 million for the quarter, compared to $43.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.08 percent.
