Should I buy or sell Applied Digital stock right now?

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

What is Applied Digital's stock price target for 2024?

2 equities research analysts have issued twelve-month target prices for Applied Digital's shares. Their APLD share price targets 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 495.1% 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 the year. Since then, APLD stock has decreased by 63.4% and is now trading at $2.47. View the best growth stocks for 2024 here .

How were Applied Digital's earnings last quarter?

Applied Digital Co. (OTCMKTS:APLD) issued its quarterly earnings results on Monday, July, 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The business earned $22.04 million during 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) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) . SoFi Web 3 ETF (TWEB) .

When did Applied Digital's stock split?

Applied Digital's stock 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 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.

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 .

OTCMKTS:APLD

Applied Digital (APLD) Stock Price, News & Analysis

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Free APLD Stock Alerts

$2.47

+0.08 (+3.35%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.37
▼
$2.52
50-Day Range: $2.39
▼
$4.94
52-Week Range: $2.36
▼
$11.62

Volume: 3.21 million shs
Average Volume: 3.66 million shs
Market Capitalization: $303.17 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.70

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines Insider Trades Ownership SEC Filings

Get Applied Digital alerts:

Applied Digital MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 495.1% Upside
$14.70 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.06
Based on 4 Articles This Week
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.

3.41 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Applied Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Applied Digital has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for APLD.

0.0

Dividend Strength

Dividend Yield
Applied Digital does not currently pay a dividend.
Dividend Growth
Applied Digital does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for APLD.

2.8

News and Social Media Coverage

News Sentiment
Applied Digital has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Applied Digital this week, compared to 3 articles on an average week.
Search Interest
46 people have searched for APLD on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
4 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Applied Digital insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.70% of the stock of Applied Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.67% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Applied Digital are expected to grow by 314.63% in the coming year, from $0.41 to $1.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Applied Digital is -5.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Applied Digital is -5.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Applied Digital has a P/B Ratio of 3.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

APLD Stock News Headlines

April 17, 2024 | msn.com

Applied Digital (APLD) Price Target Decreased by 31.91% to 9.33

April 16, 2024 | finance.yahoo.com

Applied Digital Corporation (NASDAQ:APLD) Q3 2024 Earnings Call Transcript

April 20, 2024 | Crypto 101 Media (Ad)

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April 16, 2024 | finance.yahoo.com

The Consensus EPS Estimates For Applied Digital Corporation (NASDAQ:APLD) Just Fell A Lot

April 14, 2024 | seekingalpha.com

Applied Digital: A Growing List Of Challenges

April 13, 2024 | msn.com

Biggest stock movers today: JPM, APLD, and more

April 12, 2024 | finance.yahoo.com

Applied Digital Corp (APLD) Q3 2024 Earnings Call Transcript Highlights: Tripling Revenues ...

April 11, 2024 | msn.com

Applied Digital misses quarterly revenue estimate amid power disruption at data center

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 11, 2024 | msn.com

Options Volatility and Implied Earnings Moves Today, April 11, 2024

April 6, 2024 | benzinga.com

Applied Digital Stock (NASDAQ:APLD), Analyst Ratings, Price Targets, Predictions

April 4, 2024 | msn.com

Applied Digital Corporation (APLD) Dips More Than Broader Market: What You Should Know

March 28, 2024 | ca.finance.yahoo.com

Mercedes partly loses class action case over diesel defeat devices

March 15, 2024 | msn.com

Applied Digital to sell Garden City campus to Marathon Digital

March 14, 2024 | finance.yahoo.com

Institutional investors are Applied Digital Corporation's (NASDAQ:APLD) biggest bettors and were rewarded after last week's US$63m market cap gain

March 14, 2024 | finance.yahoo.com

Applied Digital Secures Contract with AI Customer, Together AI

March 11, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Applied Digital Corporation Amid Positive Strategic Developments and Market Dynamics

March 11, 2024 | finance.yahoo.com

APLD Mar 2024 7.000 call

March 10, 2024 | finance.yahoo.com

APLD Mar 2024 4.500 put

March 10, 2024 | finance.yahoo.com

APLD Mar 2024 3.000 call

March 8, 2024 | msn.com

BTCS, Applied Digital among financial movers

March 6, 2024 | msn.com

Applied Digital Corporation (APLD) Stock Moves -0.49%: What You Should Know

March 2, 2024 | finance.yahoo.com

APLD Mar 2024 6.000 call

March 1, 2024 | markets.businessinsider.com

Lake Street Reaffirms Their Buy Rating on Applied Digital Corporation (APLD)

February 29, 2024 | sg.finance.yahoo.com

APLD Mar 2024 3.000 put

February 29, 2024 | sg.finance.yahoo.com

APLD Mar 2024 5.000 call

February 24, 2024 | finance.yahoo.com

APLD Mar 2024 8.500 put

See More Headlines

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Company Calendar

Last Earnings: 7/24/2023
Today: 4/19/2024
Fiscal Year End: 5/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Financial Services
Industry: Capital Markets
Sub-Industry: N/A
Current Symbol: OTCMKTS:APLD
CUSIP: N/A
CIK: 1144879
Web: www.applieddigital.com
Phone: (214) 427-1704
Fax: 865-777-3767
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: +495.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.79)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.02
P/E Growth: N/A
Net Income: $-44,650,000.00
Net Margins: -80.60%
Pretax Margin: -83.28%
Return on Equity: -61.59%
Return on Assets: -22.75%

Debt

Debt-to-Equity Ratio: 1.10
Current Ratio: 0.40
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: $143.91 million
Price / Sales: 2.11
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.73 per share
Price / Book: 3.38

Miscellaneous

Outstanding Shares: 122,740,000
Free Float: 73,908,000
Market Cap: $303.17 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

Key Competitors

View All Competitors

Insiders

Richard N Nottenburg
Sold 14,820 shares
Total: $114,706.80 ($7.74/share)

View All Insider Transactions

APLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Applied Digital stock right now?: 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.
View APLD analyst ratings or view top-rated stocks.
What is Applied Digital's stock price target for 2024?: 2 equities research analysts have issued twelve-month target prices for Applied Digital's shares. Their APLD share price targets 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 495.1% 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 the year. Since then, APLD stock has decreased by 63.4% and is now trading at $2.47.
View the best growth stocks for 2024 here.
How were Applied Digital's earnings last quarter?: Applied Digital Co. (OTCMKTS:APLD) issued its quarterly earnings results on Monday, July, 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The business earned $22.04 million during 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) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).SoFi Web 3 ETF (TWEB).
When did Applied Digital's stock split?: Applied Digital's stock 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 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.
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 4/20/2024 by MarketBeat.com Staff

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Applied Digital (APLD) Stock Price, News & Analysis

Applied Digital MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Applied Digital Stock (OTCMKTS:APLD)

APLD Stock Price History

APLD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

APLD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™