The stock of Applied Digital Corporation (APLD) has seen a 37.81% increase in the past week, with a 32.84% gain in the past month, and a 125.79% flourish in the past quarter. The volatility ratio for the week is 13.01%, and the volatility levels for the past 30 days are at 10.68% for APLD. The simple moving average for the past 20 days is 37.82% for APLD’s stock, with a 105.05% simple moving average for the past 200 days.
Is It Worth Investing in Applied Digital Corporation (NASDAQ: APLD) Right Now?
APLD has 36-month beta value of 4.53. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for APLD is 163.61M, and currently, short sellers hold a 16.52% ratio of that float. The average trading volume of APLD on November 26, 2024 was 16.43M shares.
APLD) stock’s latest price update
The stock price of Applied Digital Corporation (NASDAQ: APLD) has surged by 8.43 when compared to previous closing price of 9.85, but the company has seen a 37.81% gain in its stock price over the last five trading sessions. youtube.com reported 2024-11-25 that The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
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 39.47% 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 able to rebound, for now settling with 7.34% of gains for the given period.
Volatility was left at 10.68%, however, over the last 30 days, the volatility rate increased by 13.01%, as shares surge +29.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.32% upper at present.
During the last 5 trading sessions, APLD rose by +37.81%, which changed the moving average for the period of 200-days by +102.46% in comparison to the 20-day moving average, which settled at $7.75. In addition, Applied Digital Corporation saw 58.46% 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 19,369 shares at the price of $7.51 back on Nov 07 ’24. After this action, Nottenburg Richard N now owns 384,317 shares of Applied Digital Corporation, valued at $145,368 using the latest closing price.
RICHARD N NOTTENBURG, the Director of Applied Digital Corporation, proposed sale 19,369 shares at $7.51 during a trade that took place back on Nov 07 ’24, which means that RICHARD N NOTTENBURG is holding shares at $145,368 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 -0.75. 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 0.37 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 0.59. The interest coverage ratio of the stock is -2.06.
Currently, EBITDA for the company is -43.38 million with net debt to EBITDA at 17.33. When we switch over and look at the enterprise to sales, we see a ratio of 14.04. 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.
