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The price of Applied Digital Corporation (NASDAQ: APLD) closed at $4.01 in the last session, up 0.25% from day before closing price of $4.00. In other words, the price has increased by $0.25 from its previous closing price. On the day, 4.04 million shares were traded. APLD stock price reached its highest trading level at $4.09 during the session, while it also had its lowest trading level at $3.84.
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 0.30 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:
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 45,000 shares of APLD for $212,400 on Nov 28 ’23. The Director now owns 193,630 shares after completing the transaction at $4.72 per share. On Nov 27 ’23, another insider, MOORE VIRGINIA, who serves as the Director of the company, sold 30,000 shares for $4.64 each. As a result, the insider received 139,200 and left with 238,630 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 587677504 and an Enterprise Value of 782060544. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.08 while its Price-to-Book (P/B) ratio in mrq is 4.14. Its current Enterprise Value per Revenue stands at 5.434 whereas that against EBITDA is -24.727.
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 -22.32%, while the 200-Day Moving Average is calculated to be -16.28%.
Shares Statistics:
According to the various share statistics, APLD traded on average about 5.51M shares per day over the past 3-months and 3755460 shares per day over the past 10 days. A total of 146.55M shares are outstanding, with a floating share count of 105.17M. Insiders hold about 28.24% of the company’s shares, while institutions hold 57.50% stake in the company. Shares short for APLD as of 1722384000 were 17238054 with a Short Ratio of 3.13, compared to 1719532800 on 19599041. Therefore, it implies a Short% of Shares Outstanding of 17238054 and a Short% of Float of 14.21.
