Applied Digital (APLD) Stock Price, News & Analysis

Company Overview

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring. The company emphasizes the use of renewable and carbon-free energy sources, entering into power purchase agreements with utility providers and pairing mining operations with sustainable energy projects to mitigate environmental impact.

Applied Digital’s footprint is concentrated in the United States, with key facilities in Texas and Mississippi that benefit from favorable power markets and robust grid infrastructure. The company is actively evaluating expansion opportunities in other North American markets where access to low-cost renewable energy and supportive regulatory environments align with its sustainability objectives. Its data centers serve a diverse mix of hyperscale, enterprise and government customers, while its Bitcoin mining operations cater to institutional investors and digital asset firms.

Led by Chief Executive Officer Fred Thiel, Applied Digital has evolved through strategic acquisitions and organic growth since its founding in 2017. The management team combines deep expertise in energy, digital infrastructure and blockchain technology, positioning the company to capitalize on rising demand for high-efficiency computing and carbon-aware Bitcoin mining services.

Key Stats

• Today's Range: $32.83 to $39.07
• 50-Day Range: $12.52 to $29.29
• 52-Week Range: $3.31 to $39.07
• Volume: 73.05 million shs
• Average Volume: 36.32 million shs
• Market Capitalization: $9.63 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.20
• Consensus Rating: Moderate Buy

Applied Digital Stock Analysis - MarketRank™

Applied Digital scored higher than 34% of companies evaluated by MarketBeat, and ranked 802nd out of 947 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Applied Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 11 buy ratings, no hold ratings, and 1 sell rating.

Downside Risk

Applied Digital has a consensus price target of $16.20, representing about 44.7% downside from its current price of $29.29.

Amount of Analyst Coverage

Applied Digital has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Applied Digital are expected to grow in the coming year, from ($0.96) to ($0.23) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Applied Digital is -26.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Applied Digital is -26.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Applied Digital has a P/B Ratio of 13.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

32.99% of the float of Applied Digital has been sold short.

Short Interest Ratio / Days to Cover

Applied Digital has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Applied Digital has recently increased by 8.81%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Applied Digital does not currently pay a dividend.

Dividend Growth

Applied Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

32.99% of the float of Applied Digital has been sold short.

Short Interest Ratio / Days to Cover

Applied Digital has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Applied Digital has recently increased by 8.81%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.41

News Sentiment

Applied Digital has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Applied Digital this week, compared to 19 articles on an average week.

Search Interest

464 people have searched for APLD on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.

MarketBeat Follows

166 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 163% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Applied Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,713,675.00 in company stock.

Percentage Held by Insiders

Only 9.50% of the stock of Applied Digital is held by insiders.

Percentage Held by Institutions

65.67% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APLD Stock Analysis - Frequently Asked Questions

How have APLD shares performed this year?

Applied Digital's stock was trading at $7.64 at the start of the year. Since then, APLD stock has increased by 283.4% and is now trading at $29.29.

How were Applied Digital's earnings last quarter?

Applied Digital Corporation (NASDAQ:APLD) released its quarterly earnings data on Thursday, October, 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Applied Digital's revenue for the quarter was up 84.3% on a year-over-year basis.
Read the conference call transcript.

When did Applied Digital IPO?

Applied Digital (APLD) raised $40 million in an initial public offering on Wednesday, April 13th 2022. The company issued 8,000,000 shares at a price of $5.00 per share.

Who are Applied Digital's major shareholders?

Applied Digital's top institutional shareholders include Voya Investment Management LLC (0.53%), Meadowbrook Wealth Management LLC (0.01%), Dynamic Advisor Solutions LLC and Shelton Wealth Management LLC. Insiders that own company stock include Wes Cummins, Richard N Nottenburg, Douglas S Miller, Mohammad Saidal Lavanw Mohmand, Virginia Moore and Rachel H Lee.
View institutional ownership trends.

How do I buy shares of Applied Digital?

Shares of APLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Applied Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Applied Digital investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), American Water Works (AWK), DiamondRock Hospitality (DRH), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 7/30/2025
• Today: 10/09/2025
• Next Earnings (Estimated): 10/09/2025
• Fiscal Year End: 5/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:APLD
• CIK: 1144879
• Web: applieddigital.com
• Phone: 214-427-1704
• Fax: 865-777-3767
• Employees: 121
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Applied Digital: $15.64
• High Price Target: $23.00
• Low Price Target: $7.00
• Potential Upside/Downside: -46.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 14 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$231.07 million
• Net Margins: -107.22%
• Pretax Margin: -109.74%
• Return on Equity: -50.03%
• Return on Assets: -13.45%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 0.77
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $144.19 million
• Price / Sales: 55.65
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.21 per share
• Price / Book: 13.25

Miscellaneous

• Outstanding Shares: 273,970,000
• Free Float: 247,941,000
• Market Cap: $8.02 billion
• Optionable: Optionable
• Beta: 6.77