Applied Digital Corporation (NASDAQ:APLD) shares, rose in value on Wednesday, April 16, with the stock price up by 18.60% to the previous day’s close as strong demand from buyers drove the stock to $4.08.
Actively observing the price movement in the last trading, the stock closed the session at $3.44, falling within a range of $3.31 and $4.09. The value of beta (5-year monthly) was 5.02. Referring to stock’s 52-week performance, its high was $12.48, and the low was $2.36. On the whole, APLD has fluctuated by -41.80% over the past month.
With the market capitalization of Applied Digital Corporation currently standing at about $916.85 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 224.63M, with a low estimate of 35.6M and a high estimate of 56.91M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 47.13M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APLD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 75% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of APLD currently trading nearly -29.56% and -41.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.44, while the 7-day volatility ratio is showing 17.29% which for the 30-day chart, stands at 13.34%. Furthermore, Applied Digital Corporation (APLD)’s beta value is 5.89, and its average true range (ATR) is 0.81.
A comparison of Applied Digital Corporation (APLD) with its peers suggests the former has fared considerably weaker in the market. APLD showed an intraday change of 18.60% in last session, and over the past year, it grew by 62.23%%.
Data on historical trading for Applied Digital Corporation (NASDAQ:APLD) indicates that the trading volumes over the past 10 days have averaged 39.17 and over the past 3 months, they’ve averaged 28.39 million. According to company’s latest data on outstanding shares, there are 224.39 million shares outstanding.
Nearly 23.08% of Applied Digital Corporation’s shares belong to company insiders and institutional investors own 62.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 61.33 million shares as on 2025-03-31, resulting in a short ratio of 2.65. According to the data, the short interest in Applied Digital Corporation (APLD) stood at 3017.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 56.75 million. The stock has fallen by -46.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APLD stock heading into the next quarter.
