Applied Digital (APLD) Scheduled to Post Quarterly Earnings on Wednesday

Applied Digital (NASDAQ:APLD) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 28th. Analysts expect Applied Digital to post earnings of ($0.24) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Applied Digital Stock Up 11.2 %

Shares of NASDAQ APLD opened at $4.55 on Monday. The stock has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $4.37. Applied Digital has a 12 month low of $2.36 and a 12 month high of $8.65. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90. The company has a market cap of $624.30 million, a price-to-earnings ratio of -5.76 and a beta of 4.56.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APLD. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Applied Digital in a research note on Wednesday, June 12th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Applied Digital in a report on Wednesday, July 10th. Roth Mkm reiterated a “buy” rating and issued a $11.00 target price on shares of Applied Digital in a report on Wednesday, July 10th. Finally, B. Riley upped their target price on Applied Digital from $6.00 to $8.00 and gave the company a “buy” rating in a report on Friday, June 28th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $8.40.

Applied Digital Company Profile

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.