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The closing price of Applied Digital Corporation (NASDAQ: APLD) was $9.74 for the day, down -8.80% from the previous closing price of $10.68. In other words, the price has decreased by -$8.80 from its previous closing price. On the day, 15.95 million shares were traded. APLD stock price reached its highest trading level at $10.68 during the session, while it also had its lowest trading level at $9.555.
Ratios:
Our analysis of APLD’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 07 ’24 when Nottenburg Richard N sold 19,369 shares for $7.51 per share. The transaction valued at 145,368 led to the insider holds 384,317 shares of the business.
RICHARD N NOTTENBURG bought 19,369 shares of APLD for $145,368 on Nov 07 ’24. On Oct 17 ’24, another insider, Nottenburg Richard N, who serves as the Director of the company, sold 30,000 shares for $8.01 each. As a result, the insider received 240,300 and left with 403,686 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 2057536000 and an Enterprise Value of 2722869504. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.83 while its Price-to-Book (P/B) ratio in mrq is 6.34. Its current Enterprise Value per Revenue stands at 14.334 whereas that against EBITDA is 180.705.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $10.94, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 25.90%, while the 200-Day Moving Average is calculated to be 86.13%.
Shares Statistics:
APLD traded an average of 16.81M shares per day over the past three months and 20317080 shares per day over the past ten days. A total of 215.37M shares are outstanding, with a floating share count of 163.61M. Insiders hold about 24.03% of the company’s shares, while institutions hold 60.05% stake in the company. Shares short for APLD as of 1730332800 were 27021025 with a Short Ratio of 1.61, compared to 1727654400 on 26364930. Therefore, it implies a Short% of Shares Outstanding of 27021025 and a Short% of Float of 13.8.
