Applied Digital Corporation (NASDAQ: APLD) kicked off on Monday, up 4.87% from the previous trading day, before settling in for the closing price of $2.98. Over the past 52 weeks, APLD has traded in a range of $2.06-$11.62.
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Annual sales at Financial sector company grew by 182.65% over the past five years. While this was happening, its average annual earnings per share was recorded 52.38%. With a float of $86.36 million, this company’s outstanding shares have now reached $95.93 million.
Let’s look at the performance matrix of the company that is accounted for 121 employees.
Applied Digital Corporation (APLD) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Applied Digital Corporation is 29.24%, while institutional ownership is 54.09%. The most recent insider transaction that took place on Feb 20 ’24, was worth 142,200. In this transaction Director of this company sold 30,000 shares at a rate of $4.74, taking the stock ownership to the 148,630 shares. Before that another transaction happened on Nov 29 ’23, when Company’s Director sold 15,000 for $4.87, making the entire transaction worth $73,050. This insider now owns 178,630 shares in total.
Applied Digital Corporation (APLD) Latest Financial update
In the latest quarterly report, which was put into the public domain on 11/29/2023, the organization reported -$0.1 earnings per share (EPS), lower than consensus estimate (set at $0.01) by -$0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.38% per share during the next fiscal year.
Applied Digital Corporation (NASDAQ: APLD) Trading Performance Indicators
Take a look at Applied Digital Corporation’s (APLD) current performance indicators. Last quarter, stock had a quick ratio of 0.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Applied Digital Corporation (APLD)
Applied Digital Corporation (NASDAQ: APLD) saw its 5-day average volume 4.21 million, a positive change from its year-to-date volume of 3.44 million. As of the previous 9 days, the stock’s Stochastic %D was 4.93%. Additionally, its Average True Range was 0.35.
During the past 100 days, Applied Digital Corporation’s (APLD) raw stochastic average was set at 3.24%, which indicates a significant decrease from 9.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.91% in the past 14 days, which was lower than the 103.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.40, while its 200-day Moving Average is $5.83. Nevertheless, the first resistance level for the watch stands at $3.20 in the near term. At $3.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.40. If the price goes on to break the first support level at $3.00, it is likely to go to the next support level at $2.88. The third support level lies at $2.80 if the price breaches the second support level.
Applied Digital Corporation (NASDAQ: APLD) Key Stats
The company with the Market Capitalisation of 381.41 million has total of 122,045K Shares Outstanding. Its annual sales at the moment are 55,390 K in contrast with the sum of -44,650 K annual income. Company’s last quarter sales were recorded 42,200 K and last quarter income was -10,530 K.
