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As of close of business last night, Applied Digital Corporation’s stock clocked out at $8.08, down -2.06% from its previous closing price of $8.25. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 11.94 million shares were traded. APLD stock price reached its highest trading level at $8.54 during the session, while it also had its lowest trading level at $7.66.
Ratios:
To gain a deeper understanding of APLD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.08 and its Current Ratio is at 0.08. In the meantime, Its Debt-to-Equity ratio is 3.43 whereas as Long-Term Debt/Eq ratio is at 2.02.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 05 ’24 when MILLER DOUGLAS S sold 10,000 shares for $5.50 per share. The transaction valued at 55,000 led to the insider holds 218,506 shares of the business.
DOUGLAS MILLER bought 10,000 shares of APLD for $32,400 on Sep 05 ’24. On Feb 20 ’24, another insider, MOORE VIRGINIA, who serves as the Director of the company, sold 30,000 shares for $4.74 each. As a result, the insider received 142,200 and left with 148,630 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 1733248896 and an Enterprise Value of 1696568064. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.47 while its Price-to-Book (P/B) ratio in mrq is 9.00. Its current Enterprise Value per Revenue stands at 10.247 whereas that against EBITDA is -909.2.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $8.78, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 61.06%, while the 200-Day Moving Average is calculated to be 66.00%.
Shares Statistics:
It appears that APLD traded 10.73M shares on average per day over the past three months and 15567760 shares per day over the past ten days. A total of 214.51M shares are outstanding, with a floating share count of 153.81M. Insiders hold about 28.30% of the company’s shares, while institutions hold 39.42% stake in the company. Shares short for APLD as of 1726185600 were 24092034 with a Short Ratio of 2.25, compared to 1723680000 on 18224846. Therefore, it implies a Short% of Shares Outstanding of 24092034 and a Short% of Float of 12.73.
