With 27.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 21.28 million shares. The 52-week range on APLD shows that it touched its highest point at $11.25 and its lowest point at $2.36 during that stretch. It currently has a 1-year price target of $12.44. Beta for the stock currently stands at 4.54.
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 31.09%, but this was up by 11.80% over a month. Three-month performance surged to 45.04% while six-month performance rose 148.13%. The stock gained 101.42% in the past year, while it has gained 30.24% so far this year. A look at the trailing 12-month EPS for APLD yields -1.73 with Next year EPS estimates of -0.43. For the next quarter, that number is -0.10. This implies an EPS growth rate of 47.67% for this year and 37.52% for next year. EPS is expected to grow by 0.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -65.58%.
Float and Shares Shorts:
At present, 216.56 million APLD shares are outstanding with a float of 161.53 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.3. The average estimate for the next quarter is thus -$0.12.
