15.3 C
New York
Friday, September 29, 2023

Is Applied Digital Corporation (NASDAQ: APLD) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Applied Digital Corporation (APLD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 3.61%, to $5.46. The Applied Digital Corporation has recorded 20,553 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Stocks Info

APLD belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. The current market capitalization of Applied Digital Corporation is $554.14M. A total of 1.79 million shares were traded on the day, compared to an average of 6.08M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, APLD has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 172,223 and the disposition of 57,488 shares. Over the last 12 months, there were 48 BUYs and 14 SELLs from insiders. Insiders purchased 1,777,993 shares during that period but sold 145,137.

In the most recent transaction, Nottenburg Richard N sold 14,820 shares of APLD for 7.74 per share on Aug 08. After the transaction, the Director now owns 180,001 company shares. In a previous transaction on May 17, Cummins Wes bought 10,000 shares at 6.17 per share. APLD shares that CEO; Chairman owns now total 2,030,686.

Among the insiders who bought shares, Cummins Wes acquired of 25,000 shares on Apr 14 at a per-share price of $3.50. This resulted in the CEO; Chairman holding 2,020,686 shares of APLD after the transaction. In another insider transaction, Cummins Wes bought 25,000 shares at $3.60 per share on Apr 13. Company shares held by the CEO; Chairman now total 1,995,686.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for APLD in the last 3 months, the mean price target is $15.75 with high estimates of $19.00 and low estimates of $12.00. In terms of 52-week highs and lows, APLD has a high of $11.62 and a low of $1.45.

As of this writing, APLD has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.08 in the last quarter, which was -60.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $0.62, while its Total Shareholder’s Equity was $79.23M.

Analysts Opinion

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. 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 4.83.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles