Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Applied Digital Corporation (NASDAQ: APLD) closed at $8.04 in the last session, down -2.31% from day before closing price of $8.23. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 8.75 million shares were traded. APLD stock price reached its highest trading level at $8.49 during the session, while it also had its lowest trading level at $7.9802.
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 0.22 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:
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 Oct 17 ’24 when Nottenburg Richard N sold 30,000 shares for $8.01 per share. The transaction valued at 240,300 led to the insider holds 403,686 shares of the business.
MILLER DOUGLAS S sold 10,000 shares of APLD for $80,130 on Oct 17 ’24. The Director now owns 208,506 shares after completing the transaction at $8.01 per share. On Oct 17 ’24, another insider, DOUGLAS MILLER, who serves as the Director of the company, bought 10,000 shares for $8.01 each.
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 1854241152 and an Enterprise Value of 2154321408. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.08 while its Price-to-Book (P/B) ratio in mrq is 5.23. Its current Enterprise Value per Revenue stands at 11.341 whereas that against EBITDA is 142.973.
Stock Price History:
Over the past 52 weeks, APLD has reached a high of $9.48, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 25.88%, while the 200-Day Moving Average is calculated to be 62.66%.
Shares Statistics:
According to the various share statistics, APLD traded on average about 12.42M shares per day over the past 3-months and 12125560 shares per day over the past 10 days. A total of 214.51M shares are outstanding, with a floating share count of 170.45M. Insiders hold about 20.79% of the company’s shares, while institutions hold 39.45% stake in the company. Shares short for APLD as of 1728950400 were 27405387 with a Short Ratio of 2.21, compared to 1726185600 on 24092034. Therefore, it implies a Short% of Shares Outstanding of 27405387 and a Short% of Float of 14.41.
