The price of Applied Digital Corporation (NASDAQ: APLD) closed at $2.98 in the last session, down -8.87% from day before closing price of $3.27. In other words, the price has decreased by -$0.2900 from its previous closing price. On the day, 4573072 shares were traded.
Ratios:
We take a closer look at APLD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.18 and its Current Ratio is at 0.18. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 0.79.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 ’24 when MOORE VIRGINIA sold 30,000 shares for $4.74 per share. The transaction valued at 142,200 led to the insider holds 148,630 shares of the business.
MOORE VIRGINIA sold 15,000 shares of APLD for $73,050 on Nov 29 ’23. The Director now owns 178,630 shares after completing the transaction at $4.87 per share. On Nov 28 ’23, another insider, MOORE VIRGINIA, who serves as the Director of the company, sold 45,000 shares for $4.72 each. As a result, the insider received 212,400 and left with 193,630 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 364.81M and an Enterprise Value of 539.13M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 4.70 whereas that against EBITDA is -102.21.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $11.62, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 4.4448, while the 200-Day Moving Average is calculated to be 5.8647.
Shares Statistics:
According to the various share statistics, APLD traded on average about 3.43M shares per day over the past 3-months and 2.97M shares per day over the past 10 days. A total of 95.93M shares are outstanding, with a floating share count of 86.36M. Insiders hold about 29.24% of the company’s shares, while institutions hold 54.09% stake in the company. Shares short for APLD as of Mar 15, 2024 were 19.22M with a Short Ratio of 5.60, compared to 17.55M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.74% and a Short% of Float of 19.84%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.24, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.16 and low estimates of -$0.45.
Analysts are recommending an EPS of between -$0.03 and -$1.02 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is $0.26, with 6 analysts recommending between $0.78 and -$1.37.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for APLD’s current fiscal year. The highest revenue estimate was $232.5M, while the lowest revenue estimate was $185.46M, resulting in an average revenue estimate of $211.61M. In the same quarter a year ago, actual revenue was $55.39M, up 282.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $589.1M in the next fiscal year. The high estimate is $749.1M and the low estimate is $410M. The average revenue growth estimate for next year is up 178.40% from the average revenue estimate for this year.
