Applied Digital (APLD) Projected to Post Quarterly Earnings on Monday

Applied Digital (NASDAQ:APLD) is projected to post 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. Parties interested in registering for the company’s conference call can do so using this link.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.08. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The firm had revenue of $63.87 million for the quarter, compared to analyst estimates of $62.41 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. Applied Digital’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 Trading Up 3.1 %

Shares of NASDAQ APLD opened at $5.29 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. Applied Digital has a one year low of $2.36 and a one year high of $12.48. The business has a 50-day moving average price of $7.16 and a two-hundred day moving average price of $7.92. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.06 and a beta of 5.18.

Insider Activity

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 completion of the sale, the director now directly owns 342,923 shares of the company’s stock, valued at approximately $3,034,868.55. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

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