Applied Digital Corporation (APLD): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Applied Digital Secures Additional Financing.

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Stocks Info

This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of Applied Digital Corporation is $621.03M. A total of 3.53 million shares were traded on the day, compared to an average of 0.98 shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, APLD has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 20,740 shares. Over the last 12 months, there were 28 BUYs and 19 SELLs from insiders. Insiders purchased 1,003,438 shares during that period but sold 812,267.

In the most recent transaction, MOORE VIRGINIA sold 15,000 shares of APLD for 4.87 per share on Nov 29. After the transaction, the Director now owns 178,630 company shares. In a previous transaction on Nov 28, MOORE VIRGINIA sold 45,000 shares at 4.72 per share. APLD shares that Director owns now total 193,630.

Among the insiders who sold shares, MOORE VIRGINIA disposed of 30,000 shares on Nov 27 at a per-share price of $4.64. This resulted in the Director holding 238,630 shares of APLD after the transaction. In another insider transaction, MOORE VIRGINIA sold 20,740 shares at $4.62 per share on Nov 13. Company shares held by the Director now total 268,630.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for APLD in the last 3 months, the mean price target is $13.86 with high estimates of $19.00 and low estimates of $10.00. In terms of 52-week highs and lows, APLD has a high of $11.62 and a low of $1.74.

As of this writing, APLD has an earnings estimate of $Applied Digital Corporation per share for the current quarter. EPS was calculated based on a consensus of Air Products and Chemicals, Inc estimates, with a high estimate of $Apellis Pharmaceuticals, Inc. per share and a lower estimate of $Prologis, Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $1.32, while its Total Shareholder’s Equity was $79.23M.

Analysts Opinion

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. 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 4.86.

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