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Applied Digital Corporation (NASDAQ: APLD) closed the day trading at $6.02 up 8.27% from the previous closing price of $5.56. In other words, the price has increased by $8.27 from its previous closing price. On the day, 17.55 million shares were traded. APLD stock price reached its highest trading level at $6.09 during the session, while it also had its lowest trading level at $5.51.
Ratios:
For a better understanding of APLD, let’s look at 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:
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 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 1291356288 and an Enterprise Value of 1372245248. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.80 while its Price-to-Book (P/B) ratio in mrq is 6.71. Its current Enterprise Value per Revenue stands at 8.288 whereas that against EBITDA is -735.394.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $8.65, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 24.41%, while the 200-Day Moving Average is calculated to be 25.17%.
Shares Statistics:
Over the past 3-months, APLD traded about 10.06M shares per day on average, while over the past 10 days, APLD traded about 17869380 shares per day. 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 39.35% stake in the company. Shares short for APLD as of 1724976000 were 19502242 with a Short Ratio of 1.94, compared to 1722384000 on 17238054. Therefore, it implies a Short% of Shares Outstanding of 19502242 and a Short% of Float of 14.75.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of Applied Digital Corporation (APLD).The consensus estimate for the next quarter is -$0.3, with high estimates of -$0.14 and low estimates of -$0.47.
Analysts are recommending an EPS of between -$0.46 and -$1.86 for the fiscal current year, implying an average EPS of -$1.13. EPS for the following year is -$1.43, with 2.0 analysts recommending between -$1.17 and -$1.69.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $62.79M. There is a high estimate of $70M for the next quarter, whereas the lowest estimate is $53.5M.
A total of 7 analysts have provided revenue estimates for APLD’s current fiscal year. The highest revenue estimate was $344M, while the lowest revenue estimate was $222.2M, resulting in an average revenue estimate of $269.49M. In the same quarter a year ago, actual revenue was $165.57MBased on 2 analysts’ estimates, the company’s revenue will be $402.33M in the next fiscal year. The high estimate is $421.37M and the low estimate is $383.3M.
