Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Applied Therapeutics Inc (NASDAQ:APLT) stock has hit a 52-week low, dropping to $0.54, as the company faces a challenging market environment. With a market capitalization of just $64.23 million and a beta of 1.88, the stock has shown significant volatility. InvestingPro analysis shows analyst price targets ranging from $1.50 to $13.00. This new low comes as a significant downturn for the biotechnology firm, which has seen its shares plummet by -79.67% over the past year. Investors have been cautious, reflecting broader market trends and concerns specific to the company’s performance and sector prospects. The 52-week low serves as a critical indicator for the company’s valuation and could potentially attract investors looking for undervalued opportunities, although caution remains due to the substantial decline over the year. According to InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels. Subscribers can access 15 additional ProTips and a comprehensive Pro Research Report for deeper insights into APLT’s financial health and growth prospects.
In other recent news, Applied Therapeutics has received a notice from the Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement, putting its listing at risk. The pharmaceutical company has a 180-day period to regain compliance, which involves maintaining a closing bid price of at least $1.00 per share for at least 10 consecutive business days. The company is currently evaluating its options to address this issue.
Meanwhile, Applied Digital Corporation has reported better-than-expected fiscal second quarter results, with both revenue and adjusted earnings surpassing analyst estimates. The digital infrastructure provider’s revenue rose to $63.9 million, up 51% YoY, with adjusted earnings per share of -$0.06, beating the analyst consensus of -$0.14. The company’s Cloud Services segment was a significant contributor to this growth, with revenue surging 523% YoY to $27.7 million.
Additionally, Applied Digital announced a $5 billion perpetual preferred equity financing facility with Macquarie Asset Management for its high-performance computing business. These are recent developments and investors are advised to monitor the situation closely.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.