As of Friday close, Applied Digital Corporation’s (NASDAQ:APLD) stock was up $0.09, moving up 1.73 percent to $5.29. The average number of shares traded per day over the past five days has been 3,163,680 shares. 3 times new highs have been achieved over the past 5 days, with a $0.03 gain in that time frame. In the last twenty days, the average volume was 2,930,900, while in the previous 50 days, it was 4,492,094.
Since last month, APLD stock retreated -21.98%. Shares of the company fell to $4.82 on 09/11/23, the lowest level in the past month. A 52-week high of $11.62 was reached on 06/23/23 after having rallying from a 52-week low of $1.45. Since the beginning of this year, APLD’s stock price has risen by 187.50% or $3.45, and marked a new high 24 times. However, the stock has declined by -54.48% since its 52-week high.
APLD stock investors should be aware that Applied Digital Corporation (APLD) stock had its last reported insider trading activity 46 days ago on Aug 08. Nottenburg Richard N, the Director of the company, disposed of 14,820 shares for $7.74 on Aug 08. It resulted in a $114,707 divestment by the insider. Cummins Wes added 10,000 shares at an average price of $6.17 on May 17. The insider now owns 2,030,686 shares following the transaction. On Apr 14, CEO; Chairman Cummins Wes bought 25,000 shares at $3.50 apiece. The transaction was valued at $87,500.
Valuation Metrics
The stock’s beta is 4.08. Besides these, the trailing price-to-sales (P/S) ratio of 10.19, the price-to-book (PB) ratio of 8.53.
Financial Health
In the three months ended May 30, Applied Digital Corporation’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 1.29, and the total debt-to-equity ratio was 1.52. On the profitability front, the trailing twelve-month gross margin is 19.90% percent. In the year ended May 30, EBITDA margin amounted to -66.41%, whereas operating margins totaled -79.90%. Based on annual data, APLD earned $11.0 million in gross profit and brought in $55.39 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -29.10%. Return on equity (ROE) for the past 12 months was -70.80%.
In Applied Digital Corporation’s quarter-end financial report for May 30, it reported total debt of $35.26 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. APLD’s revenue rose 78.38% to $13.56 million during the quarter, while net income inched up to $34.79 million. While analysts expected Applied Digital Corporation to report -$0.04 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated -$3.61 million in EBITDA. The liabilities of Applied Digital Corporation were 194.28 million at the end of its most recent quarter ended May 30, and its total debt was $91.81 million. The value of shareholders’ equity is $103.95 million.
Technical Picture
This quick technical analysis looks at Applied Digital Corporation’s (APLD) price momentum. With a historical volatility rate of 56.89%, the RSI 9-day stood at 43.56% on 22 September.
With respect to its five-day moving average, the current Applied Digital Corporation price is up by +0.57% percent or $0.03. At present, APLD shares trade -11.39% below its 20-day simple moving average and +70.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately -34.61% below its SMA50 and +175.52% above its SMA200.
Stochastic coefficient K was 33.00% and Stochastic coefficient D was 23.14%, while ATR was 0.43. Given the Stochastic reading of 44.34% for the 14-day period, the RSI (14) reading has been calculated as 40.84%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at -0.04.
Analyst Ratings
H.C. Wainwright launched its rating on Applied Digital Corporation (NASDAQ: APLD) to a Buy in a note to investors on December 22, 2022. Applied Digital Corporation (APLD) has been rated Buy by analysts. According to 0 brokerage firms, APLD is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Applied Digital Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $15.50, the current consensus forecast for the stock is $12.00 – $19.00. Based on these forecasts, analysts predict Applied Digital Corporation (APLD) will achieve an average price target of $15.42.
