S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

Applied Digital Stock Price, News & Analysis (NASDAQ:APLD)

$5.19
+0.52 (+11.13%)
(As of 12/1/2023 ET)
Compare
Today's Range
$4.62
$5.27
50-Day Range
$3.94
$6.33
52-Week Range
$1.45
$11.62
Volume
3.56 million shs
Average Volume
2.61 million shs
Market Capitalization
$551.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.88

Applied Digital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
186.6% Upside
$14.88 Price Target
Short Interest
Bearish
23.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.35mentions of Applied Digital in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$442,614 Sold Last Quarter
Proj. Earnings Growth
438.89%
From $0.18 to $0.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Finance Sector

402nd out of 825 stocks

Data Processing & Preparation Industry

23rd out of 55 stocks


APLD stock logo

About Applied Digital Stock (NASDAQ:APLD)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.

APLD Stock Price History

APLD Stock News Headlines

APLD Nov 2023 8.500 call
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Applied Digital (NASDAQ:APLD) Shares Up 5.3%
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Where Applied Digital Stands With Analysts
What's Going On With Applied Digital Shares Today?
Applied Digital Investor Deadline Approaching
Applied Digital Deadline Reminder
See More Headlines
Receive APLD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Applied Digital and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
10/09/2023
Today
12/03/2023
Next Earnings (Estimated)
1/08/2024
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:APLD
Employees
121
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.88
High Stock Price Target
$17.50
Low Stock Price Target
$12.00
Potential Upside/Downside
+186.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-44,650,000.00
Pretax Margin
-62.93%

Debt

Sales & Book Value

Annual Sales
$55.39 million
Book Value
$0.73 per share

Miscellaneous

Free Float
81,107,000
Market Cap
$551.70 million
Optionable
Optionable
Beta
3.98
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. Wesley Cummins (Age 45)
    Chairman, CEO, President, Secretary & Treasurer
    Comp: $5.95M
  • Mr. David Rench (Age 45)
    Chief Financial Officer
    Comp: $2.71M
  • Mr. Michael Maniscalco (Age 43)
    Chief Technology Officer
    Comp: $1.15M
  • Mr. Jason Zhang (Age 29)
    Co-Founder
    Comp: $25k
  • Mr. Nick Phillips
    Executive Vice President of Hosting Operations & Public Affairs
  • Mr. John Browder
    Director of HR and Recruiting
  • Mr. Etienne Snyman
    Executive Vice President of Power
  • Mr. Saidal Mohmand
    Executive Vice President of Finance
  • Mr. Roland Davidson
    Executive Vice President of Engineering
  • Mr. Brad Barton
    EVP of Real Estate Development














APLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Applied Digital stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Digital in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" APLD shares.
View APLD analyst ratings
or view top-rated stocks.

What is Applied Digital's stock price target for 2024?

4 analysts have issued 1 year price targets for Applied Digital's stock. Their APLD share price targets range from $12.00 to $17.50. On average, they anticipate the company's share price to reach $14.88 in the next year. This suggests a possible upside of 186.6% from the stock's current price.
View analysts price targets for APLD
or view top-rated stocks among Wall Street analysts.

How have APLD shares performed in 2023?

Applied Digital's stock was trading at $5.97 at the start of the year. Since then, APLD stock has decreased by 13.1% and is now trading at $5.19.
View the best growth stocks for 2023 here
.

Are investors shorting Applied Digital?

Applied Digital saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 16,280,000 shares, an increase of 6.1% from the October 31st total of 15,340,000 shares. Based on an average daily volume of 3,340,000 shares, the short-interest ratio is currently 4.9 days. Approximately 23.3% of the company's stock are short sold.
View Applied Digital's Short Interest
.

When is Applied Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our APLD earnings forecast
.

How were Applied Digital's earnings last quarter?

Applied Digital Co. (NASDAQ:APLD) issued its quarterly earnings results on Monday, October, 9th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by $0.08. The company earned $36.32 million during the quarter, compared to analysts' expectations of $34.84 million. Applied Digital had a negative net margin of 58.11% and a negative trailing twelve-month return on equity of 57.80%.

What guidance has Applied Digital issued on next quarter's earnings?

Applied Digital issued an update on its FY 2024 earnings guidance on Monday, October, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $385.00 million-$405.00 million, compared to the consensus revenue estimate of $360.86 million.

When did Applied Digital IPO?

(APLD) raised $40 million in an 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 stock is owned by many different retail and institutional investors. Top institutional shareholders include William Blair Investment Management LLC (1.08%), Emerald Advisers LLC (0.91%), Emerald Mutual Fund Advisers Trust (0.85%), Equitec Proprietary Markets LLC (0.76%), Van ECK Associates Corp (0.75%) and Mirae Asset Global Investments Co. Ltd. (0.70%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:APLD) was last updated on 12/3/2023 by MarketBeat.com Staff

My Account -