Are Things Looking Up For Applied Digital Corporation (NASDAQ: APLD)?

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.

Stocks Info

The company is listed on the NASDAQ and operates within the Information Technology Services industry segment. The current market capitalization of Applied Digital Corporation is $1.98B. A total of 23.04 million shares were traded on the day, compared to an average of 17.66M shares.

In the most recent transaction, Nottenburg Richard N bought 20,000 shares of APLD for 8.85 per share on Jan 17 ’25. In a previous transaction on Nov 27 ’24, Cummins Wes sold 200,000 shares at 9.20 per share. APLD shares that CEO; Chairman owns now total 3,875,955.

Among the insiders who sold shares, Nottenburg Richard N disposed of 50,000 shares on Nov 27 ’24 at a per-share price of $9.20. This resulted in the Director holding 334,317 shares of APLD after the transaction. In another insider transaction, Nottenburg Richard N sold 19,369 shares at $7.51 per share on Nov 07 ’24. Company shares held by the Director now total 384,317.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, APLD has a high of $11.25 and a low of $2.36.

As of this writing, APLD has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 4.0 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $2.01, while its Total Shareholder’s Equity was $79.23M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.88.

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