Applied Digital Corporation (NASDAQ: APLD) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Applied Digital Corporation is listed on the NASDAQ as a member of the Technology sector and is a part of the Information Technology Services industry. The current market capitalization of Applied Digital Corporation is $721.03M. A total of 3.88 million shares were traded on the day, compared to an average of 5.49M shares.

In the most recent transaction, MOORE VIRGINIA sold 30,000 shares of APLD for 4.74 per share on Feb 20 ’24. After the transaction, the Director now owns 148,630 company shares. In a previous transaction on Nov 28 ’23, MOORE VIRGINIA sold 45,000 shares at 4.72 per share. APLD shares that Director owns now total 193,630.

Among the insiders who sold shares, MOORE VIRGINIA disposed of 30,000 shares on Nov 27 ’23 at a per-share price of $4.64. This resulted in the Director holding 238,630 shares of APLD after the transaction. In another insider transaction, MOORE VIRGINIA sold 15,000 shares at $4.87 per share on Nov 29 ’23. Company shares held by the Director now total 178,630.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, APLD has a high of $8.65 and a low of $2.36.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. APLD’s latest balance sheet shows that the firm has $38.80M in Cash & Short Term Investments as of fiscal 2022. There were $13.54M in debt and $29.00M in liabilities at the time. Its Book Value Per Share was $0.97, while its Total Shareholder’s Equity was $79.23M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APLD is Buy with a score of 4.86.

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