NASDAQ:APLD Applied Digital (APLD) Stock Price, News & Analysis $4.55 -0.82 (-15.27%) (As of 09/6/2024 08:48 PM ET) Add Compare Share Share Today's Range$4.33▼$5.5750-Day Range$3.15▼$7.1452-Week Range$2.36▼$8.65Volume27.90 million shsAverage Volume5.42 million shsMarket Capitalization$624.30 millionP/E RatioN/ADividend YieldN/APrice Target$8.20 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Applied Digital alerts: Email Address Applied Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside80.2% Upside$8.20 Price TargetShort InterestBearish17.32% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.80Based on 20 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($1.02) to ($1.30) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.27 out of 5 starsFinance Sector619th out of 866 stocksData Processing & Preparation Industry35th 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 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageApplied Digital has only been the subject of 4 research reports in the past 90 days.Read more about Applied Digital's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted17.32% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Applied Digital has recently increased by 5.68%, 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 2.7 News and Social Media Coverage News SentimentApplied Digital has a news sentiment score of 0.80. 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 higher news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Applied Digital this week, compared to 4 articles on an average week.Search InterestOnly 48 people have searched for APLD on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% 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 not sold or bought any company stock.Percentage Held by Insiders20.50% 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 Institutions65.67% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Applied Digital's insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Applied Digital are expected to decrease in the coming year, from ($1.02) to ($1.30) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Digital is -5.76, 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 -5.76, 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 6.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Applied Digital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsUnveiled: NVIDIA’s "Secret Royalty" ProgramDid you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?Click Here to learn how to get in now >>> 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 HeadlinesAugust 30, 2024 | marketbeat.comApplied Digital's Stock Recovery: Analysts Forecast Strong UpsideApplied Digital shares are down 56% since its IPO but have a potential 110% upside. It now focuses on AI, but high energy costs are hurting margins.September 7 at 2:47 AM | americanbankingnews.comApplied Digital (NASDAQ:APLD) Rating Reiterated by Roth MkmSeptember 9, 2024 | Behind the Markets (Ad)Unveiled: NVIDIA’s "Secret Royalty" ProgramDid you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?September 5, 2024 | finance.yahoo.comNvidia among investors in Applied Digital's funding roundSeptember 5, 2024 | markets.businessinsider.comApplied Digital Announces $160 Million Strategic Financing, Fueling Transformative Accelerated Compute and AI InfrastructureSeptember 5, 2024 | msn.comApplied Digital Corp. Shares Are trading Higher Today: What You Need To KnowSeptember 5, 2024 | pymnts.comNvidia Contributes to $160 Million Applied Digital Funding RoundSeptember 5, 2024 | reuters.comApplied Digital surges on funding deal with investors, including NvidiaSeptember 9, 2024 | Behind the Markets (Ad)Unveiled: NVIDIA’s "Secret Royalty" ProgramDid you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?September 3, 2024 | americanbankingnews.comBrokers Set Expectations for Applied Digital Co.'s FY2025 Earnings (NASDAQ:APLD)September 3, 2024 | americanbankingnews.comApplied Digital Co. (NASDAQ:APLD) Forecasted to Post Q1 2025 Earnings of ($0.34) Per ShareSeptember 2, 2024 | americanbankingnews.comQ1 2025 Earnings Forecast for Applied Digital Co. Issued By Roth Capital (NASDAQ:APLD)August 31, 2024 | nasdaq.comApplied Digital Corporation Common Stock (APLD) After-HoursAugust 31, 2024 | markets.businessinsider.comBuy Rating Reiterated for Applied Digital Corporation Amid Stable Q4 Results and Promising Growth ProspectsAugust 31, 2024 | americanbankingnews.comApplied Digital Co. to Post Q1 2026 Earnings of ($0.34) Per Share, Roth Capital Forecasts (NASDAQ:APLD)August 31, 2024 | americanbankingnews.comInvestors Buy Large Volume of Applied Digital Call Options (NASDAQ:APLD)August 30, 2024 | globenewswire.comApplied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate GrowthAugust 30, 2024 | americanbankingnews.comApplied Digital (NASDAQ:APLD) Issues Quarterly Earnings Results, Misses Estimates By $0.29 EPSSee 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 Earnings8/28/2024Today9/08/2024Next Earnings (Estimated)10/14/2024Fiscal Year End5/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Data processing & preparation Sub-IndustryBusiness Services Current SymbolNASDAQ:APLD CUSIPN/A CIK1144879 Webapplieddigital.com Phone214-427-1704Fax865-777-3767Employees121Year FoundedN/APrice Target and Rating Average Stock Price Target$8.20 High Stock Price Target$11.00 Low Stock Price Target$5.00 Potential Upside/Downside+80.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.79) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-44,650,000.00 Net Margins-88.95% Pretax Margin-64.15% Return on Equity-109.89% Return on Assets-30.00% Debt Debt-to-Equity Ratio0.90 Current Ratio0.30 Quick Ratio0.30 Sales & Book Value Annual Sales$165.58 million Price / Sales3.77 Cash FlowN/A Price / Cash FlowN/A Book Value$0.73 per share Price / Book6.23Miscellaneous Outstanding Shares137,209,000Free Float109,081,000Market Cap$624.30 million OptionableOptionable Beta4.51 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Wesley Cummins (Age 46)Chairman, CEO, President, Secretary & Treasurer Comp: $5.95MMr. David Rench (Age 46)Chief Financial Officer Comp: $2.71MMr. Michael Maniscalco (Age 44)Chief Technology Officer Comp: $1.15MMr. Jason Zhang (Age 30)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. Roland DavidsonExecutive Vice President of EngineeringMr. Brad BartonEVP of Real Estate DevelopmentMore ExecutivesKey CompetitorsLiveRampNYSE:RAMPSterling CheckNASDAQ:STERE2open ParentNYSE:ETWONV5 GlobalNASDAQ:NVEEPhreesiaNYSE:PHRView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 308,223 shares on 8/19/2024Ownership: 0.565%Point72 Asset Management L.P.Bought 243,932 shares on 8/19/2024Ownership: 0.178%Susquehanna International Group LLPSold 229,900 shares on 8/16/2024Ownership: 0.000%Alight Capital Management LPBought 600,000 shares on 8/15/2024Ownership: 0.437%The Manufacturers Life Insurance Company Bought 7,517 shares on 8/15/2024Ownership: 0.027%View All Insider TransactionsView All Institutional Transactions APLD Stock Analysis - Frequently Asked Questions How have APLD shares performed this year? Applied Digital's stock was trading at $6.74 at the start of the year. Since then, APLD stock has decreased by 32.5% and is now trading at $4.55. View the best growth stocks for 2024 here. How were Applied Digital's earnings last quarter? Applied Digital Co. (NASDAQ:APLD) issued its earnings results on Wednesday, August, 28th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.23) by $0.29. The company earned $43.70 million during the quarter, compared to analysts' expectations of $42.70 million. Applied Digital had a negative trailing twelve-month return on equity of 109.89% and a negative net margin of 88.95%. 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 $5.00 per share. Who are Applied Digital's major shareholders? Top institutional investors of Applied Digital include Hood River Capital Management LLC (6.99%), Van ECK Associates Corp (2.09%), 272 Capital LP (1.19%) and B. Riley Wealth Advisors Inc. (0.56%). 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. Compare Top Brokerages Here. 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