Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Applied Digital Corporation (NASDAQ: APLD) closed at $7.76 down -6.33% from its previous closing price of $8.29. In other words, the price has decreased by -$6.33 from its previous closing price. On the day, 14.59 million shares were traded. APLD stock price reached its highest trading level at $7.985 during the session, while it also had its lowest trading level at $7.46.
Ratios:
For a deeper understanding of Applied Digital Corporation’s stock, let’s take a closer look at its various ratios. 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, Cantor Fitzgerald on December 20, 2024, initiated with a Overweight rating and assigned the stock a target price of $15.
On October 03, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $14.
On December 22, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.H.C. Wainwright initiated its Buy rating on December 22, 2022, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’24 when Cummins Wes sold 200,000 shares for $9.20 per share. The transaction valued at 1,840,000 led to the insider holds 3,875,955 shares of the business.
Nottenburg Richard N sold 50,000 shares of APLD for $460,000 on Nov 27 ’24. The Director now owns 334,317 shares after completing the transaction at $9.20 per share. On Nov 07 ’24, another insider, Nottenburg Richard N, who serves as the Director of the company, sold 19,369 shares for $7.51 each. As a result, the insider received 145,368 and left with 384,317 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 1751224832 and an Enterprise Value of 2095097600. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.64 while its Price-to-Book (P/B) ratio in mrq is 5.05. Its current Enterprise Value per Revenue stands at 11.029 whereas that against EBITDA is 139.043.
Stock Price History:
The Beta on a monthly basis for APLD is 4.68, which has changed by 0.4990958 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, APLD has reached a high of $11.25, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is -8.98%, while the 200-Day Moving Average is calculated to be 31.06%.
Shares Statistics:
For the past three months, APLD has traded an average of 15.91M shares per day and 14613520 over the past ten days. A total of 211.25M shares are outstanding, with a floating share count of 158.92M. Insiders hold about 24.77% of the company’s shares, while institutions hold 61.60% stake in the company. Shares short for APLD as of 1734048000 were 42791576 with a Short Ratio of 3.09, compared to 1731628800 on 39286025. Therefore, it implies a Short% of Shares Outstanding of 42791576 and a Short% of Float of 22.33.
