Applied Digital Corporation (NASDAQ:APLD) price on current trading day, rose 8.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.52.
A look at the stock’s price movement, the close in the last trading session was $5.08, moving within a range at $4.58 and $5.68. The beta value (5-Year monthly) was 5.02. Turning to its 52-week performance, $12.48 and $2.36 were the 52-week high and 52-week low respectively. Overall, APLD moved -13.41% over the past month.
Applied Digital Corporation’s market cap currently stands at around $1.23 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-13.
Analysts have a consensus estimate of 62.91M for the company’s revenue for the quarter, with a low and high estimate of 61M and 65.1M respectively. The average forecast suggests up to a 45.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 256.27M, representing a 54.78% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that APLD is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend APLD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
APLD’s current price about -13.36% and -24.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.80, while 7-day volatility ratio is 19.34% and 11.09% in the 30-day chart. Further, Applied Digital Corporation (APLD) has a beta value of 5.44, and an average true range (ATR) of 0.80. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -81.16% off current price level while to achieve the yearly target high, price needs to move -81.16%. Nonetheless, investors will most likely welcome a -81.16% jump to $10 which is the analysts’ median price.
If we refocus on Applied Digital Corporation (NASDAQ:APLD), historical trading data shows that trading volumes averaged 26.25 over the past 10 days and 27.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 216.56 million shares.
The 23.06% of Applied Digital Corporation’s shares are in the hands of company insiders while institutional holders own 62.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 59.01 million on 2025-03-14, giving us a short ratio of 1.77. The data shows that as of 2025-03-14 short interest in Applied Digital Corporation (APLD) stood at 2903.0 of shares outstanding, with shares short rising to 53.07 million registered in 2025-02-14. Current price change has pushed the stock -27.75% 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.
