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As of close of business last night, Applied Digital Corporation’s stock clocked out at $10.67, up 6.27% from its previous closing price of $10.04. In other words, the price has increased by $6.27 from its previous closing price. On the day, 25.73 million shares were traded. APLD stock price reached its highest trading level at $11.25 during the session, while it also had its lowest trading level at $10.18.
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 0.22 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, 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 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 2253994752 and an Enterprise Value of 2720715776. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.61 while its Price-to-Book (P/B) ratio in mrq is 6.95. Its current Enterprise Value per Revenue stands at 14.323 whereas that against EBITDA is 180.563.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $10.94, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 30.52%, while the 200-Day Moving Average is calculated to be 96.96%.
Shares Statistics:
It appears that APLD traded 15.69M shares on average per day over the past three months and 18757540 shares per day over the past ten days. A total of 211.25M shares are outstanding, with a floating share count of 160.69M. Insiders hold about 23.93% of the company’s shares, while institutions hold 61.67% stake in the company. Shares short for APLD as of 1731628800 were 39286025 with a Short Ratio of 2.50, compared to 1728950400 on 27405387. Therefore, it implies a Short% of Shares Outstanding of 39286025 and a Short% of Float of 20.07.
