Applied Digital Co. Forecasted to Post FY2025 Earnings of ($0.84) Per Share (NASDAQ:APLD)

Applied Digital Co. (NASDAQ:APLD - Free Report) - Equities researchers at Northland Capmk issued their FY2025 earnings per share (EPS) estimates for shares of Applied Digital in a report released on Thursday, August 29th. Northland Capmk analyst M. Grondahl expects that the company will earn ($0.84) per share for the year. The consensus estimate for Applied Digital's current full-year earnings is ($1.02) per share.

Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.29). Applied Digital had a negative return on equity of 109.89% and a negative net margin of 88.95%. The business had revenue of $43.70 million for the quarter, compared to analyst estimates of $42.70 million. During the same period last year, the firm earned ($0.07) EPS.

A number of other research firms have also recently commented on APLD. B. Riley increased their target price on shares of Applied Digital from $6.00 to $8.00 and gave the stock a "buy" rating in a report on Friday, June 28th. Roth Mkm cut their price objective on Applied Digital from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 target price on shares of Applied Digital in a report on Thursday. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $5.00 target price on shares of Applied Digital in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Applied Digital currently has an average rating of "Buy" and a consensus target price of $8.20.

Applied Digital Stock Performance

Shares of APLD traded down $0.17 during mid-day trading on Monday, hitting $3.65. 12,775,200 shares of the company's stock were exchanged, compared to its average volume of 4,425,225. The stock's 50-day simple moving average is $5.07 and its 200-day simple moving average is $4.35. The firm has a market cap of $500.82 million, a price-to-earnings ratio of -4.62 and a beta of 4.56. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.90. Applied Digital has a 52 week low of $2.36 and a 52 week high of $8.65.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in shares of Applied Digital in the first quarter worth $50,000. Headlands Technologies LLC increased its position in shares of Applied Digital by 381.8% during the second quarter. Headlands Technologies LLC now owns 8,749 shares of the company's stock valued at $52,000 after buying an additional 6,933 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of Applied Digital in the second quarter worth about $60,000. Capstone Investment Advisors LLC bought a new position in shares of Applied Digital in the fourth quarter valued at approximately $78,000. Finally, ICA Group Wealth Management LLC purchased a new position in Applied Digital during the fourth quarter valued at approximately $81,000. Hedge funds and other 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.