OTCMKTS:APLD Applied Digital (APLD) Stock Forecast, Price & News $8.37 -0.86 (-9.32%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$8.00▼$8.9650-Day Range$2.04▼$9.2352-Week Range$0.85▼$10.25Volume3.45 million shsAverage Volume2.35 million shsMarket Capitalization$802.77 millionP/E RatioN/ADividend YieldN/APrice Target$8.70 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort Interest Applied Digital MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3.9% Upside$8.70 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.75Based on 5 Articles This WeekInsider TradingAcquiring Shares$167,000 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.45) to $0.38 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.1.64 out of 5 stars 1.5 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 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.70, Applied Digital has a forecasted upside of 3.9% from its current price of $8.37.Amount of Analyst CoverageApplied Digital has received no research coverage in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for APLD. 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 3.2 News and Social Media Coverage News SentimentApplied Digital has a news sentiment score of 0.75. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Applied Digital this week, compared to 2 articles on an average week.Search Interest58 people have searched for APLD on MarketBeat in the last 30 days. This is an increase of 205% compared to the previous 30 days.MarketBeat Follows9 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 800% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Applied Digital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $167,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders28.90% 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 Institutions48.42% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Applied Digital are expected to grow in the coming year, from ($0.45) to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Digital is -18.20, 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 -18.20, 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 10.46. 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 (OTCMKTS:APLD) StockApplied Digital Corp. operates as a technology company, which engages in the development and operation of data centers which provide computing power. The company was founded in May 2001 and is headquartered in Dallas, TX.Read More 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 APLD Stock News HeadlinesMay 28, 2023 | americanbankingnews.comApplied Digital (OTCMKTS:APLD) PT Raised to $11.00 at Northland SecuritiesMay 26, 2023 | msn.comNorthland Capital Markets Maintains Outperform Rating for Applied Digital: Here's What You Need To KnowMay 31, 2023 | Legacy Research (Affiliate) (Ad)Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”“FORGET 99% of the Stock Market... Trade ONE Stock... ONCE Per Month – Over and Over Again!”May 23, 2023 | seekingalpha.comDiversified Healthcare, PacWest Bancorp among financials gainers; Trupanion in losersMay 23, 2023 | americanbankingnews.comB. Riley Raises Applied Digital (OTCMKTS:APLD) Price Target to $17.00May 19, 2023 | seekingalpha.comApplied Digital secures $50M loanMay 19, 2023 | finanznachrichten.deApplied Digital Corporation: Applied Digital Announces New $50 Million Loan to Accelerate GrowthMay 19, 2023 | finance.yahoo.comApplied Digital Announces New $50 Million Loan to Accelerate GrowthMay 31, 2023 | Legacy Research (Affiliate) (Ad)Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”“FORGET 99% of the Stock Market... Trade ONE Stock... ONCE Per Month – Over and Over Again!”May 19, 2023 | americanbankingnews.comApplied Digital (OTCMKTS:APLD) PT Raised to $5.50 at Needham & Company LLCMay 18, 2023 | msn.comWhy Applied Digital Stock Zoomed Higher Again TodayMay 18, 2023 | americanbankingnews.comApplied Digital (OTCMKTS:APLD) Sets New 12-Month High Following Analyst UpgradeMay 16, 2023 | marketwatch.com8-K: Applied Digital Corp.May 16, 2023 | msn.comApplied Digital Shares Are On Fire Tuesday: Here's WhyMay 16, 2023 | msn.comWhy Applied Digital Stock Rocketed 44% TodayMay 16, 2023 | finance.yahoo.comApplied Digital Signs First Major Customer for Latest Artificial Intelligence Cloud ServiceMay 15, 2023 | finance.yahoo.comApplied Digital Launches Cloud Service to Empower Artificial Intelligence ApplicationsMay 8, 2023 | finance.yahoo.comMarket Sentiment Around Loss-Making Applied Digital Corporation (NASDAQ:APLD)April 19, 2023 | americanbankingnews.comApplied Digital Co. (OTCMKTS:APLD) CEO Buys $87,500.00 in StockApril 17, 2023 | finance.yahoo.comMarket Participants Recognise Applied Digital Corporation's (NASDAQ:APLD) Revenues Pushing Shares 77% HigherApril 15, 2023 | americanbankingnews.comApplied Digital Co. Forecasted to Post Q4 2023 Earnings of ($0.01) Per Share (OTCMKTS:APLD)April 14, 2023 | americanbankingnews.comFY2023 Earnings Estimate for Applied Digital Co. (OTCMKTS:APLD) Issued By B. RileyApril 13, 2023 | americanbankingnews.comHC Wainwright Comments on Applied Digital Co.'s FY2024 Earnings (OTCMKTS:APLD)April 12, 2023 | americanbankingnews.comFY2023 EPS Estimates for Applied Digital Co. Decreased by Northland Capmk (OTCMKTS:APLD)April 12, 2023 | americanbankingnews.comHC Wainwright Research Analysts Lower Earnings Estimates for Applied Digital Co. (OTCMKTS:APLD)April 11, 2023 | americanbankingnews.comAnalysts Offer Predictions for Applied Digital Co.'s FY2024 Earnings (OTCMKTS:APLD)April 11, 2023 | americanbankingnews.comQ2 2024 EPS Estimates for Applied Digital Co. Decreased by Analyst (OTCMKTS:APLD)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 APLD Company Calendar Last Earnings4/06/2023Today5/31/2023Fiscal Year End5/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Nondepository credit institutions Sub-IndustryN/A SectorFinance Current SymbolOTCMKTS:APLD CUSIPN/A CIK1144879 Webwww.applieddigital.com Phone(214) 427-1704Fax865-777-3767Employees33Year FoundedN/APrice Target and Rating Average Stock Price Forecast$8.70 High Stock Price Forecast$17.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside-5.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.46) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-23,520,000.00 Net Margins-100.29% Pretax Margin-105.12% Return on Equity-16.57% Return on Assets-7.74% Debt Debt-to-Equity Ratio0.38 Current Ratio0.22 Quick Ratio0.22 Sales & Book Value Annual Sales$8.55 million Price / Sales103.54 Cash FlowN/A Price / Cash FlowN/A Book Value$0.80 per share Price / Book11.54Miscellaneous Outstanding Shares95,910,000Free Float68,191,000Market Cap$885.25 million OptionableNot Optionable Beta4.85 Key ExecutivesWesley Carl CumminsChairman, CEO, Secretary & TreasurerDavid RenchChief Financial OfficerRoland DavidsonExecutive Vice President-EngineeringMichael ManiscalcoExecutive Vice President-TechnologyJeff NicholasEVP-Real Estate DevelopmentKey CompetitorsSprottNYSE:SIIAvantaxNASDAQ:AVTAPerella Weinberg PartnersNASDAQ:PWPloanDepotNYSE:LDICrescent Capital BDCNASDAQ:CCAPView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 13,666 shares on 5/18/2023Ownership: 0.055%B. Riley Wealth Advisors Inc.Bought 114,166 shares on 5/17/2023Ownership: 0.336%Geode Capital Management LLCSold 4,133 shares on 5/16/2023Ownership: 0.894%Arrowstreet Capital Limited PartnershipSold 25,499 shares on 5/16/2023Ownership: 0.061%Susquehanna International Group LLPBought 29,965 shares on 5/16/2023Ownership: 0.032%View All Insider TransactionsView All Institutional Transactions APLD Stock - Frequently Asked Questions Should I buy or sell Applied Digital stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Digital in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023? 2 Wall Street analysts have issued 12 month price targets for Applied Digital's stock. Their APLD share price forecasts range from $4.00 to $17.00. On average, they predict the company's stock price to reach $8.70 in the next twelve months. This suggests that the stock has a possible downside of 5.7%. 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 401.6% and is now trading at $9.23. 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 data on Thursday, April, 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $14.09 million for the quarter, compared to the consensus estimate of $21.47 million. Applied Digital had a negative net margin of 100.29% and a negative trailing twelve-month return on equity of 16.57%. 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), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Bitwise Crypto Industry Innovators ETF (BITQ), VanEck Digital Assets Mining ETF (DAM), Valkyrie Bitcoin Miners ETF (WGMI), Horizon Kinetics Blockchain Development ETF (BCDF) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). When did Applied Digital's stock split? Applied Digital shares reverse split on the morning of 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 market closes 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. What is Applied Digital's stock symbol? Applied Digital trades on the OTCMKTS under the ticker symbol "APLD." Who are Applied Digital's major shareholders? Applied Digital's stock is owned by a number of institutional and retail investors. Top institutional investors include Hood River Capital Management LLC (4.92%), BlackRock Inc. (3.44%), B. Riley Asset Management LLC (2.06%), Mirae Asset Global Investments Co. Ltd. (1.45%), Van ECK Associates Corp (0.96%) and Exchange Traded Concepts LLC (0.95%). Insiders that own company stock include Chuck Hastings, David Rench, Regina Ingel, Virginia Moore and Wes Cummins. 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. What is Applied Digital's stock price today? One share of APLD stock can currently be purchased for approximately $9.23. How much money does Applied Digital make? Applied Digital (OTCMKTS:APLD) has a market capitalization of $885.25 million and generates $8.55 million in revenue each year. The company earns $-23,520,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis. How can I contact Applied Digital? Applied Digital's mailing address is 28 COTTRELL, MYSTIC CT, 06355. The official website for the company is www.applieddigital.com. The company can be reached via phone at (214) 427-1704, via email at apld@gatewayir.com, or via fax at 865-777-3767. 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