Applied Digital (APLD) Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" APLD shares.
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2 brokers have issued 1 year target prices for Applied Digital's shares. 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 a possible upside of 9.7% from the stock's current price.
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Applied Digital's stock was trading at $1.84 on January 1st, 2023. Since then, APLD stock has increased by 331.0% and is now trading at $7.93.
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Applied Digital Co. (OTCMKTS:APLD) released its earnings results on Thursday, April, 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $14.09 million for the quarter, compared to analyst estimates 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%.

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).

Applied Digital's stock 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.

Applied Digital trades on the OTCMKTS under the ticker symbol "APLD."

Applied Digital's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of APLD stock can currently be purchased for approximately $7.93.

Applied Digital (OTCMKTS:APLD) has a market capitalization of $760.57 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.

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.