Applied Digital Corporation (NASDAQ:APLD) price on Thursday, May 09,rose 1.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.34.
A look at the stock’s price movement, the close in the last trading session was $3.30. Turning to its 52-week performance, $11.62 and $2.36 were the 52-week high and 52-week low respectively. Overall, APLD moved 11.71% over the past month.
Applied Digital Corporation’s market cap currently stands at around $409.95 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that APLD is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
APLD’s current price about 17.92% and -6.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.81, while 7-day volatility ratio is 6.89% and 9.08% in the 30-day chart. Further, Applied Digital Corporation (APLD) has a beta value of 4.19, and an average true range (ATR) of 0.27.
If we refocus on Applied Digital Corporation (NASDAQ:APLD), historical trading data shows that trading volumes averaged 3.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 95.93 million shares.
The 29.42% of Applied Digital Corporation’s shares are in the hands of company insiders while institutional holders own 56.07% of the company’s shares. Current price change has pushed the stock -50.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the APLD stock continues to rise going into the next quarter.