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Applied Therapeutics Inc (NASDAQ:APLT) stock has plummeted to a 52-week low, trading at $0.54, with a market capitalization of just $63 million, as investors grapple with the company’s significant downturn over the past year. According to InvestingPro data, the stock shows signs of being slightly undervalued based on its Fair Value analysis. The biotechnology firm, which focuses on developing novel treatments in areas of high unmet medical need, has seen its stock price erode by an alarming 90.91% over the past six months. This stark decline reflects investor concerns and the challenges faced by the company in advancing its therapeutic pipeline amidst a competitive and rapidly evolving healthcare market. While the company maintains a strong balance sheet with more cash than debt, InvestingPro analysis reveals that three analysts have recently revised their earnings expectations downward. The 52-week low serves as a critical juncture for Applied Therapeutics, as it seeks to reassure stakeholders and potentially recalibrate its strategic approach to drug development and market positioning. For deeper insights into APLT’s financial health and future prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Applied Digital Corporation reported fiscal second quarter results that exceeded analyst expectations. The company achieved adjusted earnings per share of -$0.06, surpassing the analyst consensus of -$0.14. Revenue reached $63.9 million, marking a 51% year-over-year increase and slightly exceeding estimates of $63.39 million. The Cloud Services segment significantly contributed to this growth, with revenue rising 523% year-over-year to $27.7 million. Additionally, Applied Digital’s Data Center Hosting business generated $36.2 million in revenue for the quarter. The company also announced a $5 billion perpetual preferred equity financing facility with Macquarie Asset Management, aiming to strengthen its position as a leading HPC data center operator in the U.S.
In other developments, Applied Therapeutics, Inc. received a notification from the Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement. The company’s stock closed below the $1.00 minimum bid price for 30 consecutive business days. Applied Therapeutics has until August 6, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. If it fails to meet this requirement, the company may have the option to transfer its stock listing to the Nasdaq Capital Market for an additional 180-day compliance period. The company’s executive team is currently evaluating options to address the delisting risk.
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