With 15.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.81 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $10.68 whereas the lowest price it dropped to was $9.555. The 52-week range on APLD shows that it touched its highest point at $10.94 and its lowest point at $2.36 during that stretch. It currently has a 1-year price target of $11.14. Beta for the stock currently stands at 4.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APLD was up-trending over the past week, with a rise of 6.33%, but this was up by 17.78% over a month. Three-month performance surged to 120.86% while six-month performance rose 124.94%. The stock gained 110.82% in the past year, while it has gained 44.51% so far this year. A look at the trailing 12-month EPS for APLD yields -1.16 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.13. This implies an EPS growth rate of 64.01% for this year and 49.62% for next year.
Float and Shares Shorts:
At present, 215.37 million APLD shares are outstanding with a float of 163.61 million shares on hand for trading. On 2024-11-15, short shares totaled 39.29 million, which was 1824.0000000000002 higher than short shares on 1728950400. In addition to Mr. Wesley Cummins as the firm’s Chairman, CEO, President, Secretary & Treasurer, Mr. Michael Maniscalco serves as its Chief Technology Officer.
Institutional Ownership:
Through their ownership of 0.63886 of APLD’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-31, APLD reported revenue of $60704000.0 and operating income of -$14697000.0. The EBITDA in the recently reported quarter was $13197000.0 and diluted EPS was -$0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APLD since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With APLD analysts setting a high price target of 13.0 and a low target of 9.0, the average target price over the next 12 months is 11.14286. Based on these targets, APLD could surge 33.47% to reach the target high and fall by -7.6% to reach the target low. Reaching the average price target will result in a growth of 14.4% from current levels.
Analysts have provided yearly estimates in a range of -$0.8089 being high and -$0.9232 being low. For APLD, this leads to a yearly average estimate of -$0.85286. The surprise factor in the prior quarter was -$0.22. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.13.
