Applied Digital (APLD) Expected to Announce Quarterly Earnings on Monday

Applied Digital (NASDAQ:APLD - Get Free Report) is expected to be posting its quarterly earnings results 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. Individual interested in listening to the company's earnings conference call can do so using this link.

Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. The company had revenue of $63.87 million during the quarter, compared to the consensus estimate of $62.41 million. During the same quarter last year, the firm posted ($0.05) EPS. The company's quarterly revenue was up 51.3% on a year-over-year basis. 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 Down 7.1 %

Shares of NASDAQ APLD traded down $0.39 during trading on Thursday, hitting $5.13. 20,626,581 shares of the company traded hands, compared to its average volume of 26,440,930. Applied Digital has a fifty-two week low of $2.36 and a fifty-two week high of $12.48. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -2.97 and a beta of 5.18. The business's fifty day moving average is $7.21 and its 200 day moving average is $7.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77.

Insider Activity

In other Applied Digital news, Director Richard N. Nottenburg sold 20,000 shares of Applied Digital stock in a transaction that occurred 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 completion of the sale, the director now directly owns 342,923 shares in the company, valued at $3,034,868.55. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Applied Digital in a report on Monday, February 24th. Compass Point started coverage on shares of Applied Digital in a research note on Tuesday, January 28th. They issued a "buy" rating and a $10.00 price objective for the company. Northland Securities raised their target price on Applied Digital from $12.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lowered their price target on shares of Applied Digital from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, HC Wainwright boosted their price objective on Applied Digital from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $12.11.

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.