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OTCMKTS:APLD

Applied Digital (APLD) Stock Forecast, Price & News

$5.29
+0.09 (+1.73%)
(As of 04:34 PM ET)
Compare
Today's Range
$5.21
$5.61
50-Day Range
$4.96
$10.24
52-Week Range
$1.45
$11.62
Volume
2.60 million shs
Average Volume
3.72 million shs
Market Capitalization
$549.90 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.70

Applied Digital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
177.9% Upside
$14.70 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$114,707 Sold Last Quarter
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.

2.20 out of 5 stars


APLD stock logo

About Applied Digital (OTCMKTS:APLD) Stock

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 Price History

APLD Stock News Headlines

Analyst Ratings for Applied Digital
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Applied Digital Announces Upcoming Investor Events
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Applied Digital Corp (APLD)
Why Applied Digital Stock Jumped Today
Applied Digital Shareholder Action Reminder
See More Headlines
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APLD Company Calendar

Last Earnings
7/24/2023
Today
9/22/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Capital Markets
Sub-Industry
N/A
Current Symbol
OTCMKTS:APLD
Employees
121
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.70
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+182.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-44,650,000.00
Pretax Margin
-83.28%

Debt

Sales & Book Value

Annual Sales
$55.39 million
Book Value
$0.73 per share

Miscellaneous

Free Float
73,908,000
Market Cap
$540.54 million
Optionable
Not Optionable
Beta
4.17
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Key Executives

  • Mr. Wesley Cummins (Age 45)
    Chairman, CEO, Pres, Sec. & 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
  • Mr. Nick Phillips
    Exec. VP of Hosting Operations & Public Affairs
  • Mr. John Browder
    Director of HR and Recruiting
  • Mr. Etienne Snyman
    Exec. VP of Power
  • Mr. Saidal Mohmand
    Exec. VP of Fin.
  • Mr. Roland Davidson
    Exec. VP of Engineering
  • Mr. Brad Barton
    EVP of Real Estate Devel.













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 twelve months. 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 twelve-month target prices for Applied Digital's shares. Their APLD share price forecasts range from $11.00 to $17.50. On average, they expect the company's share price to reach $14.70 in the next year. This suggests a possible upside of 182.7% 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 182.6% and is now trading at $5.20.
View the best growth stocks for 2023 here
.

How were Applied Digital's earnings last quarter?

Applied Digital Co. (OTCMKTS:APLD) announced its quarterly earnings data on Monday, July, 24th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $22.04 million for the quarter, compared to the consensus estimate of $22.01 million. Applied Digital had a negative trailing twelve-month return on equity of 61.59% and a negative net margin of 80.60%.

When did Applied Digital's stock split?

Shares of Applied Digital 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 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 guidance has Applied Digital issued on next quarter's earnings?

Applied Digital issued an update on its FY 2024 earnings guidance on Monday, July, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $385.00 million-$405.00 million, compared to the consensus revenue estimate of $308.80 million.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (3.39%), Portolan Capital Management LLC (3.09%), B. Riley Wealth Advisors Inc. (2.52%), B. Riley Asset Management LLC (1.96%), Divisadero Street Capital Management LP (1.84%) and Creative Planning (1.13%). Insiders that own company stock include Chuck Hastings, David Rench, Regina Ingel, Richard N Nottenburg, 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 $5.20.

How much money does Applied Digital make?

Applied Digital (OTCMKTS:APLD) has a market capitalization of $540.54 million and generates $55.39 million in revenue each year. The company earns $-44,650,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis.

How many employees does Applied Digital have?

The company employs 121 workers across the globe.

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.

This page (OTCMKTS:APLD) was last updated on 9/22/2023 by MarketBeat.com Staff

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