A new trading day began on Monday, with Applied Digital Corporation (NASDAQ: APLD) stock price up 6.48% from the previous day of trading, before settling in for the closing price of $8.18. APLD’s price has ranged from $2.36 to $8.78 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 186.71% over the last five years. Meanwhile, its annual earnings per share averaged 62.05%. With a float of $169.92 million, this company’s outstanding shares have now reached $214.51 million.
The firm has a total of 150 workers. Let’s measure their productivity. In terms of profitability, gross margin is 3.33%, operating margin of -35.11%, and the pretax margin is -74.9%.
Applied Digital Corporation (APLD) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Applied Digital Corporation is 20.79%, while institutional ownership is 39.39%. The most recent insider transaction that took place on Oct 17 ’24, was worth 240,300. In this transaction Director of this company sold 30,000 shares at a rate of $8.01, taking the stock ownership to the 403,686 shares. Before that another transaction happened on Oct 17 ’24, when Company’s Director sold 10,000 for $8.01, making the entire transaction worth $80,130. This insider now owns 208,506 shares in total.
Applied Digital Corporation (APLD) Recent Fiscal highlights
In its latest quarterly report, released on 8/31/2024, the company reported earnings of -0.1 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 62.05% per share during the next fiscal year.
Applied Digital Corporation (NASDAQ: APLD) Trading Performance Indicators
Here are Applied Digital Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.16, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Applied Digital Corporation (APLD)
Analysing the last 5-days average volume posted by the [Applied Digital Corporation, APLD], we can find that recorded value of 13.45 million was better than the volume posted last year of 6.86 million. As of the previous 9 days, the stock’s Stochastic %D was 84.27%. Additionally, its Average True Range was 0.82.
During the past 100 days, Applied Digital Corporation’s (APLD) raw stochastic average was set at 97.27%, which indicates a significant increase from 92.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.80% in the past 14 days, which was lower than the 152.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.02, while its 200-day Moving Average is $4.93. Now, the first resistance to watch is $9.16. This is followed by the second major resistance level at $9.61. The third major resistance level sits at $10.35. If the price goes on to break the first support level at $7.97, it is likely to go to the next support level at $7.23. Now, if the price goes above the second support level, the third support stands at $6.78.
Applied Digital Corporation (NASDAQ: APLD) Key Stats
With a market capitalization of 1.87 billion, the company has a total of 137,209K Shares Outstanding. Currently, annual sales are 165,580 K while annual income is -149,270 K. The company’s previous quarter sales were 60,700 K while its latest quarter income was -4,250 K.
