In Monday’s Wall Street session, Applied Digital Corporation (NASDAQ:APLD) shares traded at $10.14, up 48.46% from the previous session.
APLD stock price is now 76.09% away from the 50-day moving average and 42.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.28B.
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, DAVID M RENCH, Officer bought 30,000 shares of the company’s stock on Jun 02 ’25. The stock was bought for $204,900 at an average price of $6.83. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’25, Director Lee Rachel H. sold 24,212 shares of the business’s stock. A total of $169,484 was realized by selling the stock at an average price of $7.00. This leaves the insider owning 83,613 shares of the company worth $0.85 million. 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. For the current quarter, analysts expect APLD to generate $46.63M in revenue.
