Wes Cummins, the Chief Executive Officer of Applied Blockchain, Inc. (OTCMKTS: APLD), purchased 50,000 shares of the company’s common stock on November 23. The transaction took place on the OTCMKTS trading platform. It came out to an average price of $2.23 per share, which resulted in the total cost of the shares being $111,500.00. As a direct result of the acquisition, the company’s CEO now directly owns 1,240,686 shares of the company’s stock. These shares have a value that is approximately equivalent to $2,766,729.78. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.
Additionally, Wes Cummins has been involved in the following business dealings in recent times:
During Friday’s trading session, the price of APLD increased by $0.13, reaching $2.24 overall.
The actual volume of shares traded was much lower than the stock’s typical volume of 702,524 shares, which was traded. The actual volume of shares traded was significantly lower. The debt-to-equity ratio is calculated to be 0.23, the current ratio is calculated to be 0.87, and the quick ratio is also calculated to be 0.87es traded was significantly lower. The debt-to-equity ratio is calculated to be 0.23, the current ratio is calculated to be 0.87, and the quick ratio is also calculated to be 0.87. Applied Blockchain, Inc. reached a low point over the past year of $0.85, while the company reached a high point over the past year of $28.08. The company’s moving averages over the past 50 days are $2.03; over the last 200 days, they are $2.13.
The most recent earnings report for Applied Blockchain (OTCMKTS: APLD) was distributed to members of the investing community on Tuesday, October 11. The company’s earnings per share for the quarter were $0.04, which was $0.02 higher than the consensus estimate of earnings per share for the period, which was $0.06. The company’s earnings per share for the quarter were $0.04, which was $0.02 higher than the consensus estimate of earnings per share for the period, which was $0.06. Earnings per share for the quarter were $0.04, which was $0.02 higher than the consensus estimate of earnings per share for the period, which was $0.06. The company’s quarterly revenues came in at $6.92 million, a sizeable increase from the $6.69 million market analysts anticipated they would be for the company. The projections of industry professionals specializing in market research indicate that Applied Blockchain, Inc. will lose -0.09 cents per share in 2018.
In a separate research report released on Wednesday, October 12, Lake Street Capital announced that they had decreased their price objective on shares of Applied Blockchain from $10.00 to $6.00. The new price objective is based on Applied Blockchain’s current price. According to Bloomberg.com, the opinions of six different financial analysts have converged on the conclusion that an investment in the company’s shares would be beneficial. Most analysts have concluded that “buy” is the best course of action for Applied Blockchain, and the average price target is $7.50.
Purchases and sales of the company’s stock by institutional investors and hedge funds were among the most recent transactions involving the stock. Advisory Services Network LLC paid approximately $26,000 to acquire shares of Applied Blockchain during the second quarter. Renaissance Technologies LLC purchased during the second quarter, acquiring an additional interest in Applied Blockchain. The total value of this investment was close to USD 30,000. During the third quarter, an astounding 89.4 percentage points were added to Virtu Financial LLC’s holdings in Applied Blockchain. Following the acquisition of a further 9,682 shares during the most recent quarter, Virtu Financial LLC now directly owns 20,516 shares in the company. Each share is worth $3,000, and the company is worth $35,000.UBS Group AG acquired a new position in shares of Applied Blockchain during the third quarter of the fiscal year. The value of this new position was approximately $36,000. And finally, during the second quarter, KCL Capital L.P. invested approximately $42,000 in Applied Blockchain shares. This investment was made during the quarter. To the tune of 42.14 percent of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
Applied Blockchain, Inc. is in the business of building, developing, and managing data centers all over the territory that comprises the continent of North America. The high-performance computing industry can benefit from the data center’s ability to provide solutions for digital infrastructure issues. The company formally changed its name from Applied Science Products to Applied Blockchain, Inc. in April 2021. Previously, it had been known as Applied Science Products, Inc.
