The price of Applied Digital Corporation (NASDAQ:APLD) shares last traded on Wall Street fell -1.36% to $5.81.
APLD stock price is now 19.56% away from the 50-day moving average and 21.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
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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, MILLER DOUGLAS S, Director sold 10,000 shares of the company’s stock on Sep 05 ’24. The stock was sold for $55,000 at an average price of $5.50. Upon completion of the transaction, the Director now directly owns 218,506 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Director DOUGLAS MILLER bought 10,000 shares of the business’s stock. A total of $32,400 was incurred on buying the stock at an average price of $3.24. A total of 28.30% 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 $8.65. As of last week, the company has a debt-to-equity ratio of 3.43, a current ratio of 0.08, and a quick ratio of 0.08. The fifty day moving average price for APLD is $4.8327 and a two-hundred day moving average price translates $4.8008 for the stock.
The latest earnings results from Applied Digital Corporation (NASDAQ: APLD) was released for 2024-05-31. The net profit margin was -90.34% and return on equity was -162.28% for APLD. The company reported revenue of $43.7 million for the quarter, compared to $22.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 98.3 percent.
