Is Applied Digital Corporation (NASDAQ: APLD) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. The current market capitalization of Applied Digital Corporation is $1.73B. A total of 15.51 million shares were traded on the day, compared to an average of 11.49M shares.

In the most recent transaction, Nottenburg Richard N sold 80,000 shares of APLD for 7.37 per share on Oct 14 ’24. After the transaction, the Director now owns 433,686 company shares. In a previous transaction on Oct 14 ’24, Nottenburg Richard N bought 80,000 shares at 7.50 per share.

Among the insiders who sold shares, MILLER DOUGLAS S disposed of 10,000 shares on Sep 05 ’24 at a per-share price of $5.50. This resulted in the Director holding 218,506 shares of APLD after the transaction. In another insider transaction, DOUGLAS MILLER bought 10,000 shares at $3.24 per share on Sep 05 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, APLD has a high of $8.78 and a low of $2.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $1.54, while its Total Shareholder’s Equity was $79.23M.

Analysts Opinion

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. 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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