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

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

Applied Digital Trading Up 11.2 %

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

Analyst Ratings Changes

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

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.