Thinking of Buying Applied Blockchain (APLD)? Here's What You Need to Know.

Shares of Financial Services sector company Applied Blockchain moved 3.6% today, and are now trading at a price of $2.33. The small-cap stock's daily volume was 64,042 compared to its average volume of 720,685. The S&P 500 index returned a 0.3% performance.

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company is based in Dallas and has 55 full time employees. Its market capitalization is $220,125,120.

7 analysts are following Applied Blockchain and have set target prices ranging from $3.7 to $10 per share. On average, they have given the company a rating of buy. At today's prices, APLD is trading -60.44% away from its average analyst target price of $5.89 per share.

Over the last year, APLD shares have gone down by -53.6%, which represents a difference of -41.7% when compared to the S&P 500. The stock's 52 week high is $5 per share and its 52 week low is $0.85. Applied Blockchain has averaged free cash flows of $-20,836,000.0 over the last four years, with a mean growth rate of -inf%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2022-05-31 -1 -58 -59 -1646.62
2021-05-31 -0 -3 -3 -inf
2020-05-31 0 0 0 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.