OTCMKTS:APLD

Applied Digital (APLD) Stock Price, News & Analysis

$2.93
+0.22 (+8.12%)
(As of 05:46 PM ET)
Today's Range
$2.70
$2.94
50-Day Range
$2.39
$4.94
52-Week Range
$2.36
$11.62
Volume
4.50 million shs
Average Volume
3.65 million shs
Market Capitalization
$359.63 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.70

Applied Digital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
401.7% Upside
$14.70 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
314.63%
From $0.41 to $1.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.79 out of 5 stars

APLD stock logo

About Applied Digital Stock (OTCMKTS:APLD)

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 Stock Price History

APLD Stock News Headlines

Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
Applied Digital: A Growing List Of Challenges
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
APLD Mar 2024 7.000 call
APLD Mar 2024 4.500 put
APLD Mar 2024 3.000 call
APLD Mar 2024 6.000 call
APLD Mar 2024 3.000 put
APLD Mar 2024 5.000 call
APLD Mar 2024 8.500 put
See More Headlines
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Company Calendar

Last Earnings
7/24/2023
Today
4/23/2024
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 Target
$14.70
High Stock Price Target
$17.50
Low Stock Price Target
$11.00
Potential Upside/Downside
+401.7%
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
$143.91 million
Book Value
$0.73 per share

Miscellaneous

Free Float
73,908,000
Market Cap
$359.63 million
Optionable
Not Optionable
Beta
4.12
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Key Executives

  • Mr. Wesley Cummins (Age 46)
    Chairman, CEO, President, Secretary & Treasurer
    Comp: $5.95M
  • Mr. David Rench (Age 46)
    Chief Financial Officer
    Comp: $2.71M
  • Mr. Michael Maniscalco (Age 44)
    Chief Technology Officer
    Comp: $1.15M
  • Mr. Jason Zhang (Age 30)
    Co-Founder
    Comp: $25k
  • Mr. Nick Phillips
    Executive Vice President of Hosting Operations & Public Affairs
  • Mr. John Browder
    Director of HR and Recruiting
  • Mr. Etienne Snyman
    Executive Vice President of Power
  • Mr. Roland Davidson
    Executive Vice President of Engineering
  • Mr. Brad Barton
    EVP of Real Estate Development

APLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Applied Digital stock right now?

2 Wall Street 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 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 target for 2024?

2 brokerages have issued 12-month target prices for Applied Digital's shares. Their APLD share price targets range from $11.00 to $17.50. On average, they anticipate the company's share price to reach $14.70 in the next twelve months. This suggests a possible upside of 401.7% 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 2024?

Applied Digital's stock was trading at $6.74 at the beginning of 2024. Since then, APLD stock has decreased by 56.5% and is now trading at $2.93.
View the best growth stocks for 2024 here
.

How were Applied Digital's earnings last quarter?

Applied Digital Co. (OTCMKTS:APLD) released its earnings results on Monday, July, 24th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm 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%.

What ETFs hold Applied Digital's stock?

ETFs with the largest weight of Applied Digital (OTCMKTS:APLD) stock in their portfolio include VanEck Digital Assets Mining ETF (DAM).SoFi Web 3 ETF (TWEB).

When did Applied Digital's stock split?

Applied Digital shares reverse split before market open 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:APLD) was last updated on 4/23/2024 by MarketBeat.com Staff

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