CEO of Applied Blockchain, Inc. (OTCMKTS:APLD) buys $111,500.00 in stock.

Wes Cummins, CEO of Applied Blockchain, Inc. (OTCMKTS: APLD ), purchased 50,000 shares of the company’s common stock on November 23rd. The transaction took place on the OTCMKTS trading platform. That came out to an average price of $2.23 per share, resulting in the total cost of the shares being $111,500.00. As a direct result of the acquisition, the company’s managing director now directly owns 1,240,686 shares in the company. These shares have a value equivalent to approximately $2,766,729.78. Follow the link, which will take you to a filing sent to the Securities and Exchange Commission. You will have the opportunity to obtain additional information about the transaction.

In addition, Wes Cummins has been involved in the following businesses in recent times:
During Friday trading, APLD traded up $0.13, reaching $2.24 in total.
The actual volume of traded shares was much lower than the share’s typical volume of 702,524 shares, which were traded. The actual volume of traded shares was significantly lower. The debt ratio is calculated to be 0.23, the debt ratio is calculated to be 0.87, and the quick ratio is also calculated to be 0.87s turnover was significantly lower. The debt ratio is calculated at 0.23, the debt ratio is calculated at 0.87, and the quick ratio is also calculated at 0.87. Applied Blockchain, Inc. reached a low over the past year of $0.85, while the company reached a high over the past year of $28.08. The company’s moving average over the past 50 days is $2.03; in the last 200 days they are $2.13.

The latest earnings report for Applied Blockchain (OTCMKTS:APLD) was distributed to members of the investing community on Tuesday, October 11th. The company’s earnings per share for the quarter were $0.04, topping the consensus estimate of $0.02. 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 $0.06 for the period. Earnings per share for the quarter were $0.04, which was $0.02 higher than the consensus estimate of $0.06 per share for the period. The company’s revenue for the quarter came in at $6.92 million, a significant increase from the $6.69 million that market analysts were expecting for the company. The estimates from industry experts 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 12th, Lake Street Capital announced that they decreased their price objective on shares of Applied Blockchain from $10.00 to $6.00. The new price target 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 will be beneficial. Most analysts have concluded that Applied Blockchain is “buy” the best action, and the average price target is $7.50.

Purchases and sales of the company’s shares by institutional investors and hedge funds were among the latest transactions with the stock. Advisory Services Network LLC paid approximately $26,000 to acquire shares of Applied Blockchain during the second quarter. During the second quarter, Renaissance Technologies LLC acquired an additional interest in Applied Blockchain. The total value of this investment was close to USD 30,000. An astounding 89.4 percentage points were added to Virtu Financial LLC’s holdings in Applied Blockchain during the third quarter. After acquiring an additional 9,682 shares during the last 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 purchased a new position in shares of Applied Blockchain during the fiscal third quarter. The value of this new position was approximately $36,000. And finally, during the second quarter, KCL Capital LP invested approximately $42,000 in shares of Applied Blockchain. This investment was made during the quarter. To a value of 42.14 percent of the company’s shares, institutional investors and hedge funds together own the company’s shares.

Applied Blockchain, Inc. is in the business of building, developing and managing data centers throughout the territory that includes 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.