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F   12.63 (+4.47%)
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OTCMKTS:APLD

Applied Digital (APLD) Stock Forecast, Price & News

$7.93
-0.94 (-10.60%)
(As of 05/26/2023 08:46 PM ET)
Compare
Today's Range
$7.85
$9.34
50-Day Range
$2.04
$9.09
52-Week Range
$0.85
$10.25
Volume
2.99 million shs
Average Volume
8.21 million shs
Market Capitalization
$760.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.70

Applied Digital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.7% Upside
$8.70 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of Applied Digital in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$167,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.45) to $0.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.62 out of 5 stars


APLD stock logo

About Applied Digital (OTCMKTS:APLD) Stock

Applied 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.

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APLD Stock News Headlines

Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
Applied Digital secures $50M loan
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
8-K: Applied Digital Corp.
Applied Digital Co. (OTCMKTS:APLD) CEO Buys $87,500.00 in Stock
See More Headlines
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APLD Company Calendar

Last Earnings
4/06/2023
Today
5/29/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
OTCMKTS:APLD
Employees
33
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.70
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-23,520,000.00
Net Margins
-100.29%
Pretax Margin
-105.12%

Debt

Sales & Book Value

Annual Sales
$8.55 million
Book Value
$0.80 per share

Miscellaneous

Free Float
68,191,000
Market Cap
$760.57 million
Optionable
Not Optionable
Beta
4.85

Key Executives

  • Wesley Carl Cummins
    Chairman, CEO, Secretary & Treasurer
  • David Rench
    Chief Financial Officer
  • Roland Davidson
    Executive Vice President-Engineering
  • Michael Maniscalco
    Executive Vice President-Technology
  • Jeff Nicholas
    EVP-Real Estate Development













APLD Stock - Frequently Asked Questions

Should I buy or sell Applied Digital stock right now?

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.
View APLD analyst ratings
or view top-rated stocks.

What is Applied Digital's stock price forecast for 2023?

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.
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 stock has increased by 331.0% and is now trading at $7.93.
View the best growth stocks for 2023 here
.

How were Applied Digital's earnings last quarter?

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%.

When did Applied Digital's stock split?

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.

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 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.
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 $7.93.

How much money does Applied Digital make?

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.

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 5/30/2023 by MarketBeat.com Staff

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