B. Riley Research Analysts Decrease Earnings Estimates for Applied Blockchain, Inc. (OTCMKTS:APLD)

Applied Blockchain, Inc. (OTCMKTS:APLD – Get Rating) – Equities research analysts at B. Riley lowered their Q3 2022 earnings per share (EPS) estimates for shares of Applied Blockchain in a research note issued to investors on Wednesday, May 11th. B. Riley analyst L. Pipes now expects that the company will earn ($0.07) per share for the quarter, down from their previous forecast of ($0.06). B. Riley currently has a “Buy” rating and a $10.00 target price on the stock. B. Riley also issued estimates for Applied Blockchain’s FY2022 earnings at ($0.59) EPS.

APLD has been the topic of several other research reports. Needham & Company LLC started coverage on Applied Blockchain in a research report on Monday, May 9th. They set a “buy” rating and a $5.50 price target on the stock. Lake Street Capital started coverage on Applied Blockchain in a research report on Monday, May 9th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Northland Securities started coverage on Applied Blockchain in a research report on Monday, May 9th. They set an “outperform” rating and a $7.50 price target on the stock.

OTCMKTS:APLD opened at $1.80 on Monday. Applied Blockchain has a twelve month low of $1.73 and a twelve month high of $34.20. The stock’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $16.06.

Applied Blockchain Company Profile (Get Rating)

Applied Blockchain, Inc engages in crypto mining and co-hosting operations. The company was formerly known as Applied Science Products, Inc and changed its name to Applied Blockchain, Inc in April 2021. The company is based in Dallas, Texas.

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