In yesterday’s Wall Street session, Applied Digital Corporation (NASDAQ:APLD) shares traded at $6.34, down -2.46% from the previous session.
APLD stock price is now 51.73% away from the 50-day moving average and 31.60% away from the 200-day moving average. The market capitalization of the company currently stands at $921.65M.
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With the price target of $14, ROTH MKM recently initiated with Buy rating for Applied Digital Corporation (NASDAQ: APLD). On December 22, 2022, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, MOORE VIRGINIA, Director sold 30,000 shares of the company’s stock on Feb 20 ’24. The stock was sold for $142,200 at an average price of $4.74. Upon completion of the transaction, the Director now directly owns 148,630 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’23, Director MOORE VIRGINIA sold 15,000 shares of the business’s stock. A total of $73,050 was realized by selling the stock at an average price of $4.87. This leaves the insider owning 178,630 shares of the company worth $1.13 million. A total of 30.61% of the company’s stock is owned by insiders.
During the past 12 months, Applied Digital Corporation has had a low of $2.36 and a high of $11.07. As of last week, the company has a debt-to-equity ratio of 2.48, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for APLD is $4.2559 and a two-hundred day moving average price translates $4.8225 for the stock.
The latest earnings results from Applied Digital Corporation (NASDAQ: APLD) was released for 2024-02-29. The net profit margin was -63.44% and return on equity was -101.82% for APLD. The company reported revenue of $43.35 million for the quarter, compared to $14.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 207.65 percent.
