Should I buy or sell Applied Digital stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Digital in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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?

2 equities research analysts have issued twelve-month price objectives for Applied Digital's stock. Their APLD share price targets range from $11.00 to $17.50. On average, they predict the company's share price to reach $14.70 in the next year. This suggests a possible upside of 183.2% 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 $1.84 on January 1st, 2023. Since then, APLD shares have increased by 182.1% and is now trading at $5.19. View the best growth stocks for 2023 here .

How were Applied Digital's earnings last quarter?

Applied Digital Co. (OTCMKTS: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 business had revenue of $36.32 million for the quarter, compared to analysts' expectations of $34.84 million. Applied Digital had a negative trailing twelve-month return on equity of 61.59% and a negative net margin of 80.60%.

What ETFs hold Applied Digital's stock?

ETFs with the largest weight of Applied Digital (OTCMKTS:APLD) stock in their portfolio include Global X Blockchain ETF (BKCH) , Invesco Alerian Galaxy Crypto Economy ETF (SATO) , VanEck Digital Assets Mining ETF (DAM) , iShares Blockchain and Tech ETF (IBLC) , VanEck Digital Transformation ETF (DAPP) , Valkyrie Bitcoin Miners ETF (WGMI) , Bitwise Crypto Industry Innovators ETF (BITQ) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) .

When did Applied Digital's stock split?

Applied Digital shares reverse split on Wednesday, April 13th 2022. The 1-6 reverse split was announced on Wednesday, April 13th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 13th 2022. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

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 (OTCMKTS: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: 3.66 million shs
Market Capitalization: $551.70 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.70

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines Insider Trades Ownership SEC Filings

Applied Digital MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 183.2% Upside
$14.70 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 314.63%
From $0.41 to $1.70 Per Share

Overall MarketRank^™

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

2.41 out of 5 stars

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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.70, Applied Digital has a forecasted upside of 183.2% from its current price of $5.19.
Amount of Analyst Coverage
Applied Digital has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for APLD.

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.

2.5

News and Social Media Coverage

News Sentiment
Applied Digital has a news sentiment score of 1.50. 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 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Applied Digital this week, compared to 3 articles on an average week.
Search Interest
Only 39 people have searched for APLD on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Applied Digital insiders have not sold or bought any 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 314.63% in the coming year, from $0.41 to $1.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Applied Digital is -10.59, 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 -10.59, 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 (OTCMKTS: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

Applied Digital to Host Ribbon Cutting Ceremony at its 200-Megawatt Datacenter in Garden City, Texas

November 20, 2023 | finance.yahoo.com

Kate Reed Elected to Applied Digital Board of Directors

December 3, 2023 | DTI Trader (Ad)

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November 17, 2023 | morningstar.com

Applied Digital Corp APLD

October 31, 2023 | finance.yahoo.com

Applied Digital Announces Groundbreaking of High-Performance Computing Facility in Ellendale, North Dakota

October 14, 2023 | finance.yahoo.com

Applied Digital Still Can't Impress Investors -- Time to Sell the Stock?

October 11, 2023 | msn.com

Applied Digital beats first-quarter revenue estimates on data center demand

October 11, 2023 | finance.yahoo.com

Applied Digital Corporation (NASDAQ:APLD) Q1 2024 Earnings Call Transcript

December 3, 2023 | DTI Trader (Ad)

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October 11, 2023 | finance.yahoo.com

Applied Digital Announces Details for Investor Day on October 12, 2023

October 10, 2023 | tmcnet.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Applied Digital Corporation (APLD)

October 10, 2023 | markets.businessinsider.com

Promising Revenue Growth and Positive Financial Indicators Drive Buy Rating for Applied Digital Corporation

October 10, 2023 | businesswire.com

APPLIED DIGITAL DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Applied Digital Corporation and Encourages ...

October 9, 2023 | msn.com

Applied Digital slips as Garden City delay overshadows 2024 guidance

October 6, 2023 | benzinga.com

Applied Digital's Earnings Outlook

October 6, 2023 | stockhouse.com

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

October 6, 2023 | benzinga.com

Applied Digital Likely To Report Narrower Q1 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

October 6, 2023 | finance.yahoo.com

Applied Digital Corporation's (NASDAQ:APLD) institutional investors lost 18% last week but have benefitted from longer-term gains

October 3, 2023 | stockhouse.com

Applied Digital Shareholder Alert

October 3, 2023 | markets.businessinsider.com

Applied Digital Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

October 3, 2023 | ca.investing.com

Applied Digital strategically positioned as critical infrastructure provider for AI - Roth MKM

September 30, 2023 | finance.yahoo.com

Is It Too Late to Buy Applied Digital Stock?

September 29, 2023 | markets.businessinsider.com

Applied Digital Ongoing Deadline Alert

September 28, 2023 | benzinga.com

Applied Digital Director Trades $1.25M In Company Stock

September 18, 2023 | markets.businessinsider.com

Analyst Ratings for Applied Digital

September 13, 2023 | stockhouse.com

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

September 13, 2023 | markets.businessinsider.com

Applied Digital Announces Upcoming Investor Events

See More Headlines

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Company Calendar

Last Earnings: 10/09/2023
Today: 12/02/2023
Fiscal Year End: 5/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Capital Markets
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: OTCMKTS:APLD
CUSIP: N/A
CIK: 1144879
Web: www.applieddigital.com
Phone: (214) 427-1704
Fax: 865-777-3767
Employees: 121
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.70
High Stock Price Target: $17.50
Low Stock Price Target: $11.00
Potential Upside/Downside: +183.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.66
P/E Growth: N/A
Net Income: $-44,650,000.00
Net Margins: -80.60%
Pretax Margin: -83.28%
Return on Equity: -61.59%
Return on Assets: -22.75%

Debt

Debt-to-Equity Ratio: 1.10
Current Ratio: 0.40
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: $84.79 million
Price / Sales: 6.51
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: 73,908,000
Market Cap: $551.70 million
Optionable: Not Optionable
Beta: 4.23

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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

View All Insider Transactions

APLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Applied Digital stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Digital in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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?: 2 equities research analysts have issued twelve-month price objectives for Applied Digital's stock. Their APLD share price targets range from $11.00 to $17.50. On average, they predict the company's share price to reach $14.70 in the next year. This suggests a possible upside of 183.2% 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 $1.84 on January 1st, 2023. Since then, APLD shares have increased by 182.1% and is now trading at $5.19.
View the best growth stocks for 2023 here.
How were Applied Digital's earnings last quarter?: Applied Digital Co. (OTCMKTS: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 business had revenue of $36.32 million for the quarter, compared to analysts' expectations of $34.84 million. Applied Digital had a negative trailing twelve-month return on equity of 61.59% and a negative net margin of 80.60%.

What ETFs hold Applied Digital's stock?: ETFs with the largest weight of Applied Digital (OTCMKTS:APLD) stock in their portfolio include Global X Blockchain ETF (BKCH), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Assets Mining ETF (DAM), iShares Blockchain and Tech ETF (IBLC), VanEck Digital Transformation ETF (DAPP), Valkyrie Bitcoin Miners ETF (WGMI), Bitwise Crypto Industry Innovators ETF (BITQ) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
When did Applied Digital's stock split?: Applied Digital shares reverse split on Wednesday, April 13th 2022. The 1-6 reverse split was announced on Wednesday, April 13th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 13th 2022. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.
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 (OTCMKTS:APLD) was last updated on 12/3/2023 by MarketBeat.com Staff

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

Applied Digital MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

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 (OTCMKTS: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

APLD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™