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The closing price of Applied Digital Corporation (NASDAQ: APLD) was $2.71 for the day, down -7.82% from the previous closing price of $2.94. In other words, the price has decreased by -$7.82 from its previous closing price. On the day, 3.17 million shares were traded. APLD stock price reached its highest trading level at $2.98 during the session, while it also had its lowest trading level at $2.64.
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 0.30 and its Current Ratio is at 0.30. In the meantime, Its Debt-to-Equity ratio is 2.48 whereas as Long-Term Debt/Eq ratio is at 1.48.
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 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 360855488 and an Enterprise Value of 622499136. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 4.325 whereas that against EBITDA is -19.682.
Stock Price History:
The Beta on a monthly basis for APLD is 4.13, which has changed by -0.14511043 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, APLD has reached a high of $11.62, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is -28.64%, while the 200-Day Moving Average is calculated to be -50.09%.
Shares Statistics:
APLD traded an average of 3.49M shares per day over the past three months and 3549140 shares per day over the past ten days. A total of 95.93M shares are outstanding, with a floating share count of 86.62M. Insiders hold about 29.42% of the company’s shares, while institutions hold 53.51% stake in the company. Shares short for APLD as of 1713139200 were 22955628 with a Short Ratio of 6.57, compared to 1710460800 on 19215088. Therefore, it implies a Short% of Shares Outstanding of 22955628 and a Short% of Float of 23.54.
Earnings Estimates
The current assessment of Applied Digital Corporation (APLD) involves the perspectives of 7.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.47, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.14, with high estimates of $0.05 and low estimates of -$0.52.
Analysts are recommending an EPS of between -$0.25 and -$1.26 for the fiscal current year, implying an average EPS of -$0.9. EPS for the following year is -$0.6, with 5.0 analysts recommending between $0.33 and -$1.75.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $32.11M to a low estimate of $24.05M. As of the current estimate, Applied Digital Corporation’s year-ago sales were $22.04MFor the next quarter, 6 analysts are estimating revenue of $52.36M. There is a high estimate of $61.21M for the next quarter, whereas the lowest estimate is $38.88M.
A total of 6 analysts have provided revenue estimates for APLD’s current fiscal year. The highest revenue estimate was $153.99M, while the lowest revenue estimate was $145.9M, resulting in an average revenue estimate of $149.5M. In the same quarter a year ago, actual revenue was $55.39MBased on 5 analysts’ estimates, the company’s revenue will be $267.31M in the next fiscal year. The high estimate is $351M and the low estimate is $228.3M.
