Currently, Applied Digital Corporation [APLD] is trading at $9.20, up 4.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The APLD shares have gain 5.08% over the last week, with a monthly amount drifted -13.86%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Applied Digital Corporation [NASDAQ: APLD] stock has seen the most recent analyst activity on December 20, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $15. Previously, ROTH MKM started tracking the stock with Buy rating on October 03, 2023, and set its price target to $14. On December 22, 2022, H.C. Wainwright initiated with a Buy rating and assigned a price target of $4 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $6 on May 24, 2022. Craig Hallum initiated its recommendation with a Buy and recommended $10 as its price target on May 23, 2022. Northland Capital started tracking with a Outperform rating for this stock on May 09, 2022, and assigned it a price target of $7.50. In a note dated May 09, 2022, Needham initiated an Buy rating and provided a target price of $5.50 on this stock.
This stock has fluctuated between a low of $2.36 and a high of $11.25 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $6.89 within the next 12 months. Applied Digital Corporation [NASDAQ: APLD] shares were valued at $9.20 at the most recent close of the market. An investor can expect a potential drop of -25.11% 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 -0.75%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.89 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 8.74 points at the first support level, and at 8.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.51, and for the 2nd resistance point, it is at 9.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Digital Corporation [NASDAQ:APLD] is 0.22. On the other hand, the Quick Ratio is 0.22, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 10.23, the price to book ratio is 5.99.
Transactions by insiders
Recent insider trading involved Cummins Wes, CEO; Chairman, that happened on Nov 27 ’24 when 0.2 million shares were sold. Director, Nottenburg Richard N completed a deal on Nov 27 ’24 to sell 50000.0 shares. Meanwhile, Director Nottenburg Richard N sold 19369.0 shares on Nov 07 ’24.
