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After finishing at $2.39 in the prior trading day, Applied Digital Corporation (NASDAQ: APLD) closed at $2.47, up 3.35%. In other words, the price has increased by $3.35 from its previous closing price. On the day, 3.22 million shares were traded. APLD stock price reached its highest trading level at $2.52 during the session, while it also had its lowest trading level at $2.375.
Ratios:
Our goal is to gain a better understanding of APLD by taking a closer look at its different ratios. 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:
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 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 303167808 and an Enterprise Value of 593041664. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 4.121 whereas that against EBITDA is -18.751.
Stock Price History:
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 -38.84%, while the 200-Day Moving Average is calculated to be -55.84%.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 5145030 shares per day over the last 10 days, according to various share statistics. 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 53.52% stake in the company. Shares short for APLD as of 1711584000 were 21126694 with a Short Ratio of 6.23, compared to 1709164800 on 18669441. Therefore, it implies a Short% of Shares Outstanding of 21126694 and a Short% of Float of 21.82.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Air Products and Chemicals, Inc analysts currently analyzing and rating the stock of Applied Digital Corporation (APLD).The consensus estimate for the next quarter is $103.49, with high estimates of $2.16 and low estimates of $47.53.
