Stocks of Applied Digital Corporation (NASDAQ:APLD) traded higher last session on Wall Street, up 5.71% to $9.63.
APLD stock price is now 13.10% away from the 50-day moving average and 47.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.15B.
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With the price target of $10, Compass Point recently initiated with Buy rating for Applied Digital Corporation (NASDAQ: APLD). On December 20, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $15, while ‘ROTH MKM’ rates the stock as ‘Buy’
In other news, REED KATE, Officer bought 5,000 shares of the company’s stock on Feb 14 ’25. The stock was bought for $46,150 at an average price of $9.23. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, Director Nottenburg Richard N sold 20,000 shares of the business’s stock. A total of $177,000 was realized by selling the stock at an average price of $8.85. This leaves the insider owning 342,923 shares of the company worth $3.3 million. A total of 23.54% 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 $11.25. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 0.77, and a quick ratio of 0.77.
The net profit margin was -128.17% and return on equity was -83.77% for APLD. The company reported revenue of $63.87 million for the quarter, compared to $42.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.34 percent. For the current quarter, analysts expect APLD to generate $62.91M in revenue.
