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 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.

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.

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.

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%.

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).

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.

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.

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

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.

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.

One share of APLD stock can currently be purchased for approximately $5.20.

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.

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.