Applied Digital (APLD) to Release Quarterly Earnings on Monday

Applied Digital (NASDAQ:APLD - Get Free Report) is projected to release its earnings data after the market closes on Monday, April 14th. Analysts expect Applied Digital to post earnings of ($0.11) per share and revenue of $62.91 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Applied Digital (NASDAQ:APLD - Get Free Report) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.08. The firm had revenue of $63.87 million for the quarter, compared to analysts' expectations of $62.41 million. Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. The business's quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, analysts expect Applied Digital to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Applied Digital Stock Performance

NASDAQ APLD traded up $0.01 during trading hours on Monday, hitting $5.30. 15,918,058 shares of the company's stock traded hands, compared to its average volume of 26,174,402. Applied Digital has a 52 week low of $2.36 and a 52 week high of $12.48. The firm has a market capitalization of $1.18 billion, a P/E ratio of -3.06 and a beta of 5.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. The business's fifty day moving average price is $7.16 and its two-hundred day moving average price is $7.92.

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Insider Activity at Applied Digital

In related news, Director Richard N. Nottenburg sold 20,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.85, for a total transaction of $177,000.00. Following the sale, the director now owns 342,923 shares of the company's stock, valued at $3,034,868.55. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APLD has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Applied Digital in a report on Monday, February 24th. Cantor Fitzgerald lowered their price objective on Applied Digital from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Compass Point began coverage on Applied Digital in a research report on Tuesday, January 28th. They set a "buy" rating and a $10.00 target price for the company. HC Wainwright lifted their target price on Applied Digital from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Northland Securities upped their price target on Applied Digital from $12.00 to $20.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Applied Digital currently has a consensus rating of "Buy" and a consensus price target of $12.11.

Applied Digital Company Profile

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.