Currently, there are 95.93M common shares owned by the public and among those 70.05M shares have been available to trade.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 1,465,103 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 836,417 shares.
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However, the script later moved the day high at 7.30, up 2.27%. The company’s stock has a 5-day price change of 14.97% and 29.01% over the past three months. APLD shares are trading 267.39% year to date (YTD), with the 12-month market performance up to 319.88% higher. It has a 12-month low price of $1.45 and touched a high of $11.62 over the same period. APLD has an average intraday trading volume of 3.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.46%, 32.49%, and 19.23% respectively.
Institutional ownership of Applied Digital Corporation (NASDAQ: APLD) shares accounts for 51.35% of the company’s 95.93M shares outstanding.
It has a market capitalization of $715.55M and a beta (3y monthly) value of 3.88. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.69% over the week and 8.29% over the month.
Analysts forecast that Applied Digital Corporation (APLD) will achieve an EPS of $Apellis Pharmaceuticals, Inc. for the current quarter, $57.98 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Applied Digital Corporation while analysts give the company a high EPS estimate of $Prologis, Inc.. Comparatively, EPS for the current quarter was $Air Products and Chemicals, Inc a year ago. Earnings per share for the fiscal year are expected to increase by 200.00%, and 200.82% over the next financial year.
Looking at the support for the APLD, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on October 03, 2023, with the firm’s price target at $14.
