Applied Digital (APLD) Stock Price, News & Analysis

Company Overview

Applied Digital (NASDAQ: APLD) is a developer and operator of scalable digital infrastructure solutions designed to support high-performance computing workloads, including blockchain validation, artificial intelligence, and cloud services. The company’s core operations center on the design, construction and management of purpose-built data centers that leverage advanced cooling systems and modular architectures to maximize energy efficiency and operational flexibility. In addition to traditional colocation offerings, Applied Digital provides turnkey deployment services and ongoing technical support for enterprise clients and emerging technology firms.

Since repositioning in 2021, Applied Digital has expanded through strategic acquisitions and greenfield developments, acquiring specialized facilities from established providers and converting them into high-capacity computing campuses. Key projects include the retrofit of gas-flare power plants in Texas’ Permian Basin and the conversion of former manufacturing sites into digital-mining operations. These initiatives underscore the company’s emphasis on utilizing stranded or underutilized energy assets to create lower-cost, sustainable computing environments.

Applied Digital’s footprint spans multiple U.S. regions, with major campuses in Texas, the Northeast and the Pacific Northwest. The company has also begun evaluating opportunities in Canada and South America to support growing demand for proximity-based edge computing and carbon-optimized power sources. By locating near renewable energy providers and industrial power generation, Applied Digital aims to deliver competitive pricing and reduced environmental impact for its customers.

The organization is led by a management team with deep experience in data center engineering, energy markets and digital finance. CEO Bryan Birsic, a former fintech entrepreneur, directs corporate strategy and M&A activities, while CFO and CTO roles are filled by industry veterans with backgrounds in large-scale infrastructure finance and systems integration. Under this leadership, Applied Digital continues to position itself at the intersection of sustainable energy utilization and next-generation computing services.

Key Stats

• Today's Range: $10.26 to $10.67
• 50-Day Range: $4.48 to $13.86
• 52-Week Range: $3.01 to $15.42
• Volume: 17.88 million shs
• Average Volume: 49.68 million shs
• Market Capitalization: $2.35 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $12.73
• Consensus Rating: Buy

Applied Digital Stock Analysis - MarketRank™

Applied Digital scored higher than 61% of companies evaluated by MarketBeat, and ranked 504th out of 909 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Applied Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Applied Digital has been the subject of 10 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 -7.63, 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 -7.63, 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 11.48. 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

37.92% 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 1.3, 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 3.75%, indicating that investor sentiment is decreasing.

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

37.92% 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 1.3, 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 3.75%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.63

News Sentiment

Applied Digital has a news sentiment score of 0.63. 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 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Applied Digital this week, compared to 12 articles on an average week.

Search Interest

222 people have searched for APLD on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.

MarketBeat Follows

146 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 68% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 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 $169,484.00 in company stock.

Percentage Held by Insiders

11.81% of the stock of Applied Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.

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 on January 1st, 2025. Since then, APLD shares have increased by 36.8% and is now trading at $10.45.

How were Applied Digital's earnings last quarter?

Applied Digital Corporation (NASDAQ:APLD) released its quarterly earnings data on Monday, April, 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. The company earned $52.92 million during the quarter, compared to analysts' expectations of $62.91 million. Applied Digital had a negative net margin of 109.99% and a negative trailing twelve-month return on equity of 77.49%.
Read the conference call transcript.

When did Applied Digital IPO?

Applied Digital (APLD) raised $40 million in an initial public offering (IPO) 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 investors include Crumly & Associates Inc. (0.01%). Insiders that own company stock include Wes Cummins, Richard N Nottenburg, Douglas S Miller, 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), AU Optronics (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 4/14/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 7/24/2025
• 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 Stock Price Target: $12.73
• High Stock Price Target: $20.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +21.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.37)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$149.27 million
• Net Margins: -109.99%
• Pretax Margin: -109.75%
• Return on Equity: -77.49%
• Return on Assets: -19.66%

Debt

• Debt-to-Equity Ratio: 1.56
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $165.57 million
• Price / Sales: 14.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.91 per share
• Price / Book: 11.48

Miscellaneous

• Outstanding Shares: 225,070,000
• Free Float: 198,489,000
• Market Cap: $2.35 billion
• Optionable: Optionable
• Beta: 6.04