Applied Digital Corporation (NASDAQ:APLD) traded at $5.39 at close of the session on Friday, May 09 and made a downward move of -2.00% on its previous day’s price.
Applied Digital Corporation has a market cap of $1.21 billion and is expected to release its quarterly earnings report in June.
On the other hand, looking at the outlook for the APLD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Applied Digital Corporation (APLD) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 14.45% off its SMA20 and -6.98% from its 50-day simple moving average. The RSI (14) is pointing at 52.60 while the volatility over the past week is 7.06% and jumps to 10.91% over the past one month. The beta value is 5.92, while the average true range (ATR) is currently pointing at 0.53. The average price target for the stock over the next 12 months is $8.5, with the estimates having a low of $7 and a high of $10. These price ends are -29.87% and -85.53% off the current price level respectively, although investors could be excited at the prospect of a -57.7% if the APLD share price touches on the median price of $8.5.
