FY2022 Earnings Estimate for Applied Blockchain, Inc. (OTCMKTS:APLD) Issued By B. Riley

Applied Blockchain, Inc. (OTCMKTS:APLDGet Rating) – Equities research analysts at B. Riley decreased their FY2022 earnings per share (EPS) estimates for shares of Applied Blockchain in a note issued to investors on Wednesday, May 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.86) per share for the year, down from their previous forecast of ($0.59). B. Riley has a “Buy” rating and a $10.00 price objective on the stock. B. Riley also issued estimates for Applied Blockchain’s Q4 2022 earnings at ($0.47) EPS.

Other equities analysts have also recently issued research reports about the stock. Northland Securities started coverage on shares of Applied Blockchain in a research report on Monday, May 9th. They issued an “outperform” rating and a $7.50 target price on the stock. Lake Street Capital initiated coverage on shares of Applied Blockchain in a research report on Monday, May 9th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on shares of Applied Blockchain in a report on Monday, May 9th. They issued a “buy” rating and a $5.50 price target on the stock.

Shares of OTCMKTS:APLD opened at $3.65 on Monday. The company’s fifty day moving average is $8.63 and its 200 day moving average is $15.25. Applied Blockchain has a 52 week low of $1.73 and a 52 week high of $34.20.

In other Applied Blockchain news, CEO Wes Cummins acquired 11,030 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $2.95 per share, with a total value of $32,538.50. Following the completion of the purchase, the chief executive officer now directly owns 391,472 shares of the company’s stock, valued at approximately $1,154,842.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia Moore acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average cost of $2.29 per share, for a total transaction of $114,500.00. Following the purchase, the director now directly owns 267,617 shares of the company’s stock, valued at $612,842.93. The disclosure for this purchase can be found here. In the last three months, insiders acquired 324,572 shares of company stock worth $755,821. Insiders own 27.46% of the company’s stock.

About Applied Blockchain (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.

Read More

Earnings History and Estimates for Applied Blockchain (OTCMKTS:APLD)

Receive News & Ratings for Applied Blockchain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Blockchain and related companies with MarketBeat.com's FREE daily email newsletter.