A share price of Applied Digital Corporation [APLD] is currently trading at $7.79, up 10.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APLD shares have gain 15.24% over the last week, with a monthly amount glided 5.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Applied Digital Corporation [NASDAQ: APLD] stock has seen the most recent analyst activity on October 03, 2023, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $14. Previously, H.C. Wainwright started tracking the stock with Buy rating on December 22, 2022, and set its price target to $4. On May 24, 2022, DA Davidson initiated with a Buy rating and assigned a price target of $6 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $10 on May 23, 2022. Northland Capital initiated its recommendation with a Outperform and recommended $7.50 as its price target on May 09, 2022. Needham started tracking with a Buy rating for this stock on May 09, 2022, and assigned it a price target of $5.50. In a note dated May 09, 2022, Lake Street initiated an Buy rating and provided a target price of $10 on this stock.
Applied Digital Corporation experienced fluctuations in its stock price throughout the past year between $2.36 and $9.48. Currently, Wall Street analysts expect the stock to reach $9.5 within the next 12 months. Applied Digital Corporation [NASDAQ: APLD] shares were valued at $7.79 at the most recent close of the market. An investor can expect a potential return of 21.95% based on the average APLD price forecast.
Analyzing the APLD fundamentals
Trailing Twelve Months sales for Applied Digital Corporation [NASDAQ:APLD] were 189.95M which represents 67.12% growth. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.75%, and Net Profit Margin reading is -0.84%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -1.0 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.27 points at the first support level, and at 6.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.09, and for the 2nd resistance point, it is at 8.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Digital Corporation [NASDAQ:APLD] is 0.22. As well, the Quick Ratio is 0.22, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 8.83, the price to book ratio is 5.07.
Transactions by insiders
Recent insider trading involved RICHARD N NOTTENBURG, Director, that happened on Nov 07 ’24 when 19369.0 shares were purchased. Director, Nottenburg Richard N completed a deal on Oct 17 ’24 to sell 30000.0 shares. Meanwhile, Director MILLER DOUGLAS S sold 10000.0 shares on Oct 17 ’24.
