Applied Digital Co. (NASDAQ:APLD – Get Free Report) saw some unusual options trading activity on Thursday. Traders purchased 32,248 call options on the company. This represents an increase of 72% compared to the typical daily volume of 18,711 call options.
Applied Digital Stock Down 7.3 %
Shares of APLD opened at $7.45 on Friday. The firm’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $4.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $1.02 billion, a P/E ratio of -9.43 and a beta of 4.51. Applied Digital has a 52 week low of $2.36 and a 52 week high of $8.78.
Applied Digital (NASDAQ:APLD – Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.29). The firm had revenue of $43.70 million during the quarter, compared to analyst estimates of $42.70 million. Applied Digital had a negative net margin of 88.95% and a negative return on equity of 111.80%. During the same period in the previous year, the company posted ($0.07) EPS. On average, analysts forecast that Applied Digital will post -1.12 earnings per share for the current year.
Analysts Set New Price Targets
Get Our Latest Report on Applied Digital
Insider Activity
In other news, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $5.50, for a total transaction of $55,000.00. Following the completion of the transaction, the director now directly owns 218,506 shares in the company, valued at $1,201,783. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.50% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Applied Digital during the first quarter worth approximately $50,000. Headlands Technologies LLC raised its holdings in Applied Digital by 381.8% in the 2nd quarter. Headlands Technologies LLC now owns 8,749 shares of the company’s stock valued at $52,000 after acquiring an additional 6,933 shares in the last quarter. ARS Investment Partners LLC bought a new stake in shares of Applied Digital during the 2nd quarter valued at $60,000. Capstone Investment Advisors LLC acquired a new stake in shares of Applied Digital during the 4th quarter worth $78,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Applied Digital in the fourth quarter worth $81,000. Institutional investors own 65.67% of the company’s stock.
About Applied Digital
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.
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