In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Applied Digital Corporation (APLD – Research Report). The company’s shares closed yesterday at $4.33.
According to TipRanks, Sutton is a 5-star analyst with an average return of 11.3% and a 50.26% success rate. Sutton covers the Technology sector, focusing on stocks such as Cantaloupe, MoneyLion, and Agilysys.
Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $13.67, which is a 215.70% upside from current levels. In a report released on February 16, Lake Street also maintained a Buy rating on the stock with a $19.00 price target.
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Based on Applied Digital Corporation’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $42.2 million and a GAAP net loss of $10.53 million. In comparison, last year the company earned a revenue of $22.04 million and had a GAAP net loss of $6.02 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APLD in relation to earlier this year.
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Applied Digital Corporation (APLD) Company Description:
Applied Science Products, Inc. operates as a technology company, which engages in the development of patented technology such as tailored plasma gas chemistry for a wide range of applications. The company was founded in May 2001 and is headquartered in Lenoir City, TN.
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