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After finishing at $9.03 in the prior trading day, Applied Digital Corporation (NASDAQ: APLD) closed at $8.90, down -1.49%. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 10.59 million shares were traded. APLD stock price reached its highest trading level at $9.4099 during the session, while it also had its lowest trading level at $8.82.
Ratios:
Our goal is to gain a better understanding of APLD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 0.22. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on October 03, 2023, initiated with a Buy rating and assigned the stock a target price of $14.
On December 22, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
On May 24, 2022, DA Davidson started tracking the stock assigning a Buy rating and target price of $6.DA Davidson initiated its Buy rating on May 24, 2022, with a $6 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’24 when Cummins Wes sold 200,000 shares for $9.20 per share. The transaction valued at 1,840,000 led to the insider holds 3,875,955 shares of the business.
Nottenburg Richard N sold 50,000 shares of APLD for $460,000 on Nov 27 ’24. The Director now owns 334,317 shares after completing the transaction at $9.20 per share. On Nov 07 ’24, another insider, Nottenburg Richard N, who serves as the Director of the company, sold 19,369 shares for $7.51 each. As a result, the insider received 145,368 and left with 384,317 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APLD now has a Market Capitalization of 1880089344 and an Enterprise Value of 2339530240. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.75 while its Price-to-Book (P/B) ratio in mrq is 5.79. Its current Enterprise Value per Revenue stands at 12.316 whereas that against EBITDA is 155.265.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $11.25, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 7.71%, while the 200-Day Moving Average is calculated to be 60.73%.
Shares Statistics:
The stock has traded on average 15.21M shares per day over the past 3-months and 17681250 shares per day over the last 10 days, according to various share statistics. A total of 211.25M shares are outstanding, with a floating share count of 159.71M. Insiders hold about 24.40% of the company’s shares, while institutions hold 61.49% stake in the company. Shares short for APLD as of 1732838400 were 42817676 with a Short Ratio of 2.82, compared to 1730332800 on 27021025. Therefore, it implies a Short% of Shares Outstanding of 42817676 and a Short% of Float of 22.34.
Earnings Estimates
The firm’s stock currently is rated by 4.0 analysts. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.05 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.29 and -$0.8 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.23, with 3.0 analysts recommending between $0.12 and -$0.8.
Revenue Estimates
6 analysts predict $62.63M in revenue for the current quarter. It ranges from a high estimate of $67M to a low estimate of $59M. As of the current estimate, Applied Digital Corporation’s year-ago sales were $42.2MFor the next quarter, 6 analysts are estimating revenue of $62.78M. There is a high estimate of $66.1M for the next quarter, whereas the lowest estimate is $60.7M.
A total of 5 analysts have provided revenue estimates for APLD’s current fiscal year. The highest revenue estimate was $264.1M, while the lowest revenue estimate was $245.1M, resulting in an average revenue estimate of $252.39M. In the same quarter a year ago, actual revenue was $165.57MBased on 3 analysts’ estimates, the company’s revenue will be $394.22M in the next fiscal year. The high estimate is $436.27M and the low estimate is $333.6M.
