Applied Digital (APLD) Stock Forecast, Price & News

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.
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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%.
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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.
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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%.

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 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.

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

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.
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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 $9.23.

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.

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.