With over 5.72 million Applied Digital Corporation (APLD) shares trading Tuesday and a closing price of $8.52 on the day, the dollar volume was approximately $48.72 million. The shares have shown a positive half year performance of 0.95% and its price on 01/09/24 gained nearly 12.25%. Currently, there are 95.93M common shares owned by the public and among those 70.44M shares have been available to trade.
Insiders at the company have transacted a total of 61 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 21 occasions, with total insider shares sold totaling 828,300 shares.
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Shares of Applied Digital Corporation (NASDAQ: APLD) opened at $7.62, up $0.03 from a prior closing price of $7.59. However, the script later moved the day high at 8.60, up 12.25%. The company’s stock has a 5-day price change of 22.41% and 77.13% over the past three months. APLD shares are trading 26.41% year to date (YTD), with the 12-month market performance up to 358.06% higher. It has a 12-month low price of $1.74 and touched a high of $11.62 over the same period. APLD has an average intraday trading volume of 3.41 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 24.67%, 51.34%, and 42.11% respectively.
Institutional ownership of Applied Digital Corporation (NASDAQ: APLD) shares accounts for 51.57% of the company’s 95.93M shares outstanding.
It has a market capitalization of $901.84M and a beta (3y monthly) value of 4.13. 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 10.12% over the week and 8.69% over the month.
Analysts forecast that Applied Digital Corporation (APLD) will achieve an EPS of $Applied Digital Corporation for the current quarter, $8.52 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Air Products and Chemicals, Inc while analysts give the company a high EPS estimate of $Prologis, Inc.. Comparatively, EPS for the current quarter was $Applied Therapeutics, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 196.26%, and 207.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Applied Digital Corporation (APLD) as a “Strong Buy” at a consensus score of 1.00. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 0 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
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.
