What Should Investors Know About Applied Blockchain (APLD) Stock?

By Tamara Parker • Friday, August 25 12:24 • Permanent Link

Applied Blockchain sank -4.2% today, compared to the S&P 500's day change of 0.0%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:

Applied Blockchain has moved 178.0% over the last year, and the S&P 500 logged a change of 10.0%
APLD has an average analyst rating of buy and is -63.69% away from its mean target price of $15.75 per share
Its trailing earnings per share (EPS) is $-0.54
Applied Blockchain has a trailing 12 month Price to Earnings (P/E) ratio of -10.6
Its forward earnings per share (EPS) is $1.25 and its forward P/E ratio is 4.6
The company has a Price to Book (P/B) ratio of 9.22
The company has a free cash flow of $-59674124, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.

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.