Additionally, the 36-month beta value for APLD is 4.49. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for APLD is 173.04M and currently, short sellers hold a 15.24% ratio of that float. The average trading volume of APLD on October 11, 2024 was 11.36M shares.
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APLD) stock’s latest price update
Applied Digital Corporation (NASDAQ: APLD)’s stock price has soared by 3.12 in relation to previous closing price of 6.89. Nevertheless, the company has seen a loss of -4.63% in its stock price over the last five trading days. marketbeat.com reported 2024-10-11 that Applied Digital Corp. NASDAQ: APLD stock has been volatile since it reported earnings after the market closed on October 9. After gaining 4% in after-hours trading, APLD stock moved sharply lower by 12.8% in pre-market trading.
APLD’s Market Performance
Applied Digital Corporation (APLD) has experienced a -4.63% fall in stock performance for the past week, with a 18.02% rise in the past month, and a 5.10% rise in the past quarter. The volatility ratio for the week is 12.98%, and the volatility levels for the past 30 days are at 12.08% for APLD. The simple moving average for the past 20 days is -1.04% for APLD’s stock, with a 44.85% simple moving average for the past 200 days.
Analysts’ Opinion of APLD
Many brokerage firms have already submitted their reports for APLD stocks, with ROTH MKM repeating the rating for APLD by listing it as a “Buy.” The predicted price for APLD in the upcoming period, according to ROTH MKM is $14 based on the research report published on October 03, 2023 of the previous year 2023.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see APLD reach a price target of $4. The rating they have provided for APLD stocks is “Buy” according to the report published on December 22nd, 2022.
DA Davidson gave a rating of “Buy” to APLD, setting the target price at $6 in the report published on May 24th of the previous year.
APLD Trading at 28.00% from the 50-Day Moving Average
After a stumble in the market that brought APLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.12% of loss for the given period.
Volatility was left at 12.08%, however, over the last 30 days, the volatility rate increased by 12.98%, as shares surge +14.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.68% upper at present.
During the last 5 trading sessions, APLD fell by -6.17%, which changed the moving average for the period of 200-days by -0.99% in comparison to the 20-day moving average, which settled at $7.17. In addition, Applied Digital Corporation saw 5.42% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APLD starting from MILLER DOUGLAS S, who sale 10,000 shares at the price of $5.50 back on Sep 05 ’24. After this action, MILLER DOUGLAS S now owns 218,506 shares of Applied Digital Corporation, valued at $55,000 using the latest closing price.
DOUGLAS MILLER, the Director of Applied Digital Corporation, proposed sale 10,000 shares at $3.24 during a trade that took place back on Sep 05 ’24, which means that DOUGLAS MILLER is holding shares at $32,400 based on the most recent closing price.
Stock Fundamentals for APLD
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 0.03 for the gross margin
The net margin for Applied Digital Corporation stands at -0.84. The total capital return value is set at -0.12. Equity return is now at value -66.99, with -22.13 for asset returns.
Based on Applied Digital Corporation (APLD), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at 1.76. The interest coverage ratio of the stock is -2.06.
Currently, EBITDA for the company is -1.87 million with net debt to EBITDA at -9.08. When we switch over and look at the enterprise to sales, we see a ratio of 9.76. The receivables turnover for the company is 82.66for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
In conclusion, Applied Digital Corporation (APLD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
