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 .

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: -0.35
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

3.5

Analyst's Opinion

Consensus Rating
Applied 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/Downside
According 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 Coverage
Applied Digital has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
23.27% 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 4.9.
Change versus previous month
Short interest in Applied Digital has recently increased by 6.13%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Applied Digital does not currently pay a dividend.
Dividend Growth
Applied Digital does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for APLD.

1.5

News and Social Media Coverage

News Sentiment
Applied 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 Week
MarketBeat has tracked 6 news articles for Applied Digital this week, compared to 1 article on an average week.
Search Interest
Only 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 Follows
4 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.

3.3

Company Ownership

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 $442,614.00 in company stock.
Percentage Held by Insiders
23.70% 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 Institutions
53.75% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Applied 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.

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.

APLD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

APLD Stock News Headlines

November 28, 2023 | finance.yahoo.com

APLD Nov 2023 8.500 call

November 27, 2023 | msn.com

Why Applied Digital Corporation (APLD) Dipped More Than Broader Market Today

December 3, 2023 | Wealthpress (Ad)

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November 26, 2023 | americanbankingnews.com

Applied Digital (NASDAQ:APLD) Shares Up 5.3%

November 21, 2023 | msn.com

Applied Digital Corporation (APLD) Ascends While Market Falls: Some Facts to Note

November 21, 2023 | markets.businessinsider.com

Craig-Hallum Reaffirms Their Buy Rating on Applied Digital Corporation (APLD)

November 15, 2023 | finance.yahoo.com

WEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI Customers

October 20, 2023 | finance.yahoo.com

Applied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, Texas

December 3, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 10, 2023 | markets.businessinsider.com

Where Applied Digital Stands With Analysts

October 9, 2023 | msn.com

Applied Digital beats first-quarter revenue estimates

October 9, 2023 | msn.com

Why Applied Digital Stock Popped (Then Dropped) Today

October 9, 2023 | markets.businessinsider.com

What's Going On With Applied Digital Shares Today?

October 5, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Midwest Holding (MDWT), Lsi Industries (LYTS) and Applied Digital Corporation (APLD)

October 5, 2023 | markets.businessinsider.com

Lake Street Keeps Their Buy Rating on Applied Digital Corporation (APLD)

October 3, 2023 | msn.com

Applied Digital rises as Roth MKM calls it 'provider for AI arms race'

October 2, 2023 | msn.com

Applied Digital Corporation (APLD) Expected to Beat Earnings Estimates: Should You Buy?

September 28, 2023 | finance.yahoo.com

Applied Digital Sets Fiscal First Quarter 2024 Earnings Conference Call for Monday, October 9, 2023 at 9:00 a.m. Eastern Time

September 23, 2023 | markets.businessinsider.com

Applied Digital Investor Deadline Approaching

September 21, 2023 | markets.businessinsider.com

Applied Digital Deadline Reminder

September 21, 2023 | finance.yahoo.com

Applied Digital Corporation (APLD) Stock Moves -0.76%: What You Should Know

September 21, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Industrial Goods Stocks: Applied Digital Corporation (APLD), Northwest Pipe Company (NWPX)

September 21, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: United Parcel (UPS) and Applied Digital Corporation (APLD)

September 15, 2023 | stockhouse.com

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

September 15, 2023 | msn.com

Applied Digital's Transformative Growth Backed By Prudent Financing

September 6, 2023 | benzinga.com

APLD Stockholders Should Contact Robbins LLP for Information About the Class Action Involving Applied Digital Corporation

September 6, 2023 | finance.yahoo.com

Applied Digital Corporation (APLD) Gains As Market Dips: What You Should Know

See More Headlines

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Company Calendar

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:APLD
CUSIP: N/A
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: $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

EPS (Most Recent Fiscal Year): ($0.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 28.83
P/E Growth: N/A
Net 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 Ratio: 0.47
Current Ratio: 0.22
Quick Ratio: 0.22

Sales & Book Value

Annual Sales: $55.39 million
Price / Sales: 9.96
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.73 per share
Price / Book: 7.11

Miscellaneous

Outstanding Shares: 106,300,000
Free Float: 81,107,000
Market Cap: $551.70 million
Optionable: Optionable
Beta: 3.98

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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

Applied Digital MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Applied Digital Stock (NASDAQ:APLD)

APLD Stock Price History

APLD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

APLD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™