Applied Digital Corporation (NASDAQ:APLD) price on Wednesday, April 30, rose 1.34% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.54.
A look at the stock’s price movement, the close in the last trading session was $4.48, moving within a range at $4.2 and $4.57. The beta value (5-Year monthly) was 5.02. Turning to its 52-week performance, $12.48 and $2.63 were the 52-week high and 52-week low respectively. Overall, APLD moved -19.22% over the past month.
Applied Digital Corporation’s market cap currently stands at around $1.02 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-13.
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 100% 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 -4.39% and -28.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.84, while 7-day volatility ratio is 9.55% and 13.95% in the 30-day chart. Further, Applied Digital Corporation (APLD) has a beta value of 5.81, and an average true range (ATR) of 0.61. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $7 and high of $10. Looking at the price targets, the low is -54.19% off current price level while to achieve the yearly target high, price needs to move -120.26%. Nonetheless, investors will most likely welcome a -87.22% jump to $8.5 which is the analysts’ median price.
If we refocus on Applied Digital Corporation (NASDAQ:APLD), historical trading data shows that trading volumes averaged 36.46 over the past 10 days and 29.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.39 million shares.
The 23.08% of Applied Digital Corporation’s shares are in the hands of company insiders while institutional holders own 62.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 64.67 million on 2025-04-15, giving us a short ratio of 2.27. The data shows that as of 2025-04-15 short interest in Applied Digital Corporation (APLD) stood at 3153.0002000000004 of shares outstanding, with shares short rising to 59.01 million registered in 2025-03-14. Current price change has pushed the stock -40.58% 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.
