Applied Blockchain Inc (APLD)

[bwrbad]

man no downgrade - seems they are going to run it up -

APLD had Total Debt 103.97M and that is now reduced to $42.8 million. Total Revenue: $42.2 million, that is a 242% increase from the second quarter of 2023. Net Loss: $10.5 million, is a major improvement from a net loss of $26.8 million in the 2nd QQ of 2023.
Ended the quarter with $34.6 million in cash and equivalents.
seems market over reacted without considering the detail. of the 13M dump today, mostly retail and day trader. no institutional dump.

31.72% % of Shares Held by All Insider
54.30% % of Shares Held by Institutions
79.53% % of Float Held by Institutions

conclusion APLD doing good to better and - of course buying back is a better option during the next week or two volatility.