Applied Digital Stock Price, News & Analysis (NASDAQ:APLD) $5.19 +0.52 (+11.13%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$4.62▼$5.2750-Day Range$3.94▼$6.3352-Week Range$1.45▼$11.62Volume3.56 million shsAverage Volume2.61 million shsMarket Capitalization$551.70 millionP/E RatioN/ADividend YieldN/APrice Target$14.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Applied Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside186.6% Upside$14.88 Price TargetShort InterestBearish23.27% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.35Based on 6 Articles This WeekInsider TradingSelling Shares$442,614 Sold Last QuarterProj. Earnings Growth438.89%From $0.18 to $0.97 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector402nd out of 825 stocksData Processing & Preparation Industry23rd out of 55 stocks 3.5 Analyst's Opinion Consensus RatingApplied Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.88, Applied Digital has a forecasted upside of 186.6% from its current price of $5.19.Amount of Analyst CoverageApplied Digital has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted23.27% of the float of Applied Digital has been sold short.Short Interest Ratio / Days to CoverApplied Digital has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Applied Digital has recently increased by 6.13%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldApplied Digital does not currently pay a dividend.Dividend GrowthApplied Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for APLD. Previous Next 1.5 News and Social Media Coverage News SentimentApplied Digital has a news sentiment score of -0.35. 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 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Applied Digital this week, compared to 1 article on an average week.Search InterestOnly 40 people have searched for APLD on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.MarketBeat Follows4 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 $442,614.00 in company stock.Percentage Held by Insiders23.70% 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 Institutions53.75% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Applied Digital are expected to grow by 438.89% in the coming year, from $0.18 to $0.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Digital is -9.61, 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. SectorThe P/E ratio of Applied Digital is -9.61, 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 RatioApplied Digital has a P/B Ratio of 7.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More APLD Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart APLD Stock News HeadlinesNovember 28, 2023 | finance.yahoo.comAPLD Nov 2023 8.500 callNovember 27, 2023 | msn.comWhy Applied Digital Corporation (APLD) Dipped More Than Broader Market TodayDecember 3, 2023 | Wealthpress (Ad)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.November 26, 2023 | americanbankingnews.comApplied Digital (NASDAQ:APLD) Shares Up 5.3%November 21, 2023 | msn.comApplied Digital Corporation (APLD) Ascends While Market Falls: Some Facts to NoteNovember 21, 2023 | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on Applied Digital Corporation (APLD)November 15, 2023 | finance.yahoo.comWEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI CustomersOctober 20, 2023 | finance.yahoo.comApplied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, TexasDecember 3, 2023 | Wealthpress (Ad)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.October 10, 2023 | markets.businessinsider.comWhere Applied Digital Stands With AnalystsOctober 9, 2023 | msn.comApplied Digital beats first-quarter revenue estimatesOctober 9, 2023 | msn.comWhy Applied Digital Stock Popped (Then Dropped) TodayOctober 9, 2023 | markets.businessinsider.comWhat's Going On With Applied Digital Shares Today?October 5, 2023 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Midwest Holding (MDWT), Lsi Industries (LYTS) and Applied Digital Corporation (APLD)October 5, 2023 | markets.businessinsider.comLake Street Keeps Their Buy Rating on Applied Digital Corporation (APLD)October 3, 2023 | msn.comApplied Digital rises as Roth MKM calls it 'provider for AI arms race'October 2, 2023 | msn.comApplied Digital Corporation (APLD) Expected to Beat Earnings Estimates: Should You Buy?September 28, 2023 | finance.yahoo.comApplied Digital Sets Fiscal First Quarter 2024 Earnings Conference Call for Monday, October 9, 2023 at 9:00 a.m. Eastern TimeSeptember 23, 2023 | markets.businessinsider.comApplied Digital Investor Deadline ApproachingSeptember 21, 2023 | markets.businessinsider.comApplied Digital Deadline ReminderSeptember 21, 2023 | finance.yahoo.comApplied Digital Corporation (APLD) Stock Moves -0.76%: What You Should KnowSeptember 21, 2023 | markets.businessinsider.comAnalysts Are Bullish on Top Industrial Goods Stocks: Applied Digital Corporation (APLD), Northwest Pipe Company (NWPX)September 21, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Industrial Goods Companies: United Parcel (UPS) and Applied Digital Corporation (APLD)September 15, 2023 | stockhouse.comSHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the FirmSeptember 15, 2023 | msn.comApplied Digital's Transformative Growth Backed By Prudent FinancingSeptember 6, 2023 | benzinga.comAPLD Stockholders Should Contact Robbins LLP for Information About the Class Action Involving Applied Digital CorporationSeptember 6, 2023 | finance.yahoo.comApplied Digital Corporation (APLD) Gains As Market Dips: What You Should KnowSee 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. Email Address Company Calendar Last Earnings10/09/2023Today12/03/2023Next Earnings (Estimated)1/08/2024Fiscal Year End5/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:APLD CUSIPN/A CIK1144879 Webapplieddigital.com Phone214-427-1704Fax865-777-3767Employees121Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.54) Trailing P/E RatioN/A Forward P/E Ratio28.83 P/E GrowthN/ANet Income$-44,650,000.00 Net Margins-58.11% Pretax Margin-62.93% Return on Equity-57.80% Return on Assets-19.94% Debt Debt-to-Equity Ratio0.47 Current Ratio0.22 Quick Ratio0.22 Sales & Book Value Annual Sales$55.39 million Price / Sales9.96 Cash FlowN/A Price / Cash FlowN/A Book Value$0.73 per share Price / Book7.11Miscellaneous Outstanding Shares106,300,000Free Float81,107,000Market Cap$551.70 million OptionableOptionable Beta3.98 A Guide To High-Short-Interest StocksMarketBeat'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 ExecutivesMr. Wesley Cummins (Age 45)Chairman, CEO, President, Secretary & Treasurer Comp: $5.95MMr. David Rench (Age 45)Chief Financial Officer Comp: $2.71MMr. Michael Maniscalco (Age 43)Chief Technology Officer Comp: $1.15MMr. Jason Zhang (Age 29)Co-Founder Comp: $25kMr. Nick PhillipsExecutive Vice President of Hosting Operations & Public AffairsMr. John BrowderDirector of HR and RecruitingMr. Etienne SnymanExecutive Vice President of PowerMr. Saidal MohmandExecutive Vice President of FinanceMr. Roland DavidsonExecutive Vice President of EngineeringMr. Brad BartonEVP of Real Estate DevelopmentMore ExecutivesKey CompetitorsWaterdropNYSE:WDHAfrican Gold AcquisitionNYSE:AGACFBlackRock MuniYield FundNYSE:MYDBlackRock Debt Strategies FundNYSE:DSUPROOF Acquisition Corp INYSE:PACIView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Sold 1,950,964 shares on 12/1/2023Ownership: 0.439%Wellington Management Group LLPSold 33,192 shares on 12/1/2023Ownership: 0.021%Virginia MooreSold 15,000 sharesTotal: $73,050.00 ($4.87/share)Virginia MooreSold 30,000 sharesTotal: $139,200.00 ($4.64/share)Deutsche Bank AGBought 4,233 shares on 11/24/2023Ownership: 0.030%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Applied Digital Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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