Applied Digital (APLD) Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" APLD shares.
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2 analysts have issued twelve-month price objectives for Applied Digital's shares. Their APLD share price forecasts range from $11.00 to $17.50. On average, they anticipate the company's stock price to reach $14.70 in the next year. This suggests a possible upside of 177.9% 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 187.5% and is now trading at $5.29.
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Applied Digital Co. (OTCMKTS:APLD) posted its quarterly earnings data on Monday, July, 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $22.04 million for the quarter, compared to analyst estimates of $22.01 million. Applied Digital had a negative net margin of 80.60% and a negative trailing twelve-month return on equity of 61.59%.

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).

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 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.

Applied Digital updated its FY 2024 earnings guidance on Monday, July, 24th. The company provided earnings per share (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.

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

Applied Digital's stock is owned by a variety 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.
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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 $5.29.

Applied Digital (OTCMKTS:APLD) has a market capitalization of $549.90 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.

The company employs 121 workers across the globe.

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.