Applied Digital Corporation (NASDAQ: APLD)’s stock price has increased by 1.46 compared to its previous closing price of 8.23. However, the company has seen a 2.08% increase in its stock price over the last five trading sessions. fool.com reported 2024-10-21 that These three under-the-radar AI stocks are positioned for growth in the expanding artificial intelligence space.
Is It Worth Investing in Applied Digital Corporation (NASDAQ: APLD) Right Now?
APLD has 36-month beta value of 4.47. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for APLD is 169.92M, and currently, short sellers hold a 16.13% ratio of that float. The average trading volume of APLD on October 25, 2024 was 12.42M shares.
APLD’s Market Performance
APLD stock saw an increase of 2.08% in the past week, with a monthly gain of 1.21% and a quarterly increase of 96.01%. The volatility ratio for the week is 12.16%, and the volatility levels for the last 30 days are 11.14% for Applied Digital Corporation (APLD). The simple moving average for the last 20 days is 5.30% for APLD stock, with a simple moving average of 68.88% for the last 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 30.61% 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 -11.92% of loss for the given period.
Volatility was left at 11.14%, however, over the last 30 days, the volatility rate increased by 12.16%, as shares surge +1.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +107.50% upper at present.
During the last 5 trading sessions, APLD rose by +1.47%, which changed the moving average for the period of 200-days by +0.97% in comparison to the 20-day moving average, which settled at $7.93. In addition, Applied Digital Corporation saw 23.89% 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 Nottenburg Richard N, who sale 30,000 shares at the price of $8.01 back on Oct 17 ’24. After this action, Nottenburg Richard N now owns 403,686 shares of Applied Digital Corporation, valued at $240,300 using the latest closing price.
MILLER DOUGLAS S, the Director of Applied Digital Corporation, sale 10,000 shares at $8.01 during a trade that took place back on Oct 17 ’24, which means that MILLER DOUGLAS S is holding 208,506 shares at $80,130 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 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.46. The debt to equity ratio resting at 0.48. 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 -2.11. When we switch over and look at the enterprise to sales, we see a ratio of 9.91. 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
To put it simply, Applied Digital Corporation (APLD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
