Stocks of Applied Digital Corporation (NASDAQ:APLD) traded higher last session on Wall Street, down -4.45%% to $9.87.
APLD stock price is now 34.32% away from the 50-day moving average and 29.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
With the price target maintained at $13, Compass Point recently Downgraded its rating from Buy to Neutral for Applied Digital Corporation (NASDAQ: APLD). On May 22, 2025, Citizens JMP recently initiated its ‘Mkt Outperform’ rating on the stock quoting a target price of $12, while ‘Compass Point’ rates the stock as ‘Buy’
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 $0.83 million. A total of 22.84% 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 $15.42. 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.
