Applied Digital Co. (NASDAQ:APLD – Get Free Report) shares traded up 4.6% during trading on Tuesday . The stock traded as high as $5.27 and last traded at $5.19. 798,357 shares were traded during mid-day trading, a decline of 79% from the average session volume of 3,721,587 shares. The stock had previously closed at $4.96.
Analyst Ratings Changes
Separately, B. Riley dropped their price objective on Applied Digital from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Monday.
Applied Digital Price Performance
Applied Digital (NASDAQ:APLD – Get Free Report) last issued its quarterly earnings results on Monday, July 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Applied Digital had a negative return on equity of 61.59% and a negative net margin of 80.60%. The firm had revenue of $22.04 million during the quarter, compared to analyst estimates of $22.01 million. Research analysts predict that Applied Digital Co. will post 0.41 EPS for the current fiscal year.
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.
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